智通财经APP获悉，芯片股午后拉升，截至发稿，中芯国际(00981)涨3.39%，报51.9港元；华虹半导体 (01347)涨2.13%，报40.85港元；晶门半导体(02878)涨1.1%，报0.46港元。 消息面上，据网信中国消息，近日，英伟达算力芯片被曝出存在严重安全问题。此前，美议员呼吁要求 美出口的先进芯片必须配备"追踪定位"功能。美人工智能领域专家透露，英伟达算力芯片"追踪定 位""远程关闭"技术已成熟。为维护中国用户网络安全、数据安全，依据《网络安全法》《数据安全 法》《个人信息保护法》有关规定，国家互联网信息办公室于2025年7月31日约谈了英伟达公司，要求 英伟达公司就对华销售的H20算力芯片漏洞后门安全风险问题进行说明并提交相关证明材料。 ...

推荐阅读 ★ 一颗改变了世界的芯片 ★ 美国商务部长：华为的芯片没那么先进 ★ "ASML新光刻机，太贵了！" ★ 悄然崛起的英伟达新对手 ★ 芯片暴跌，全怪特朗普 ★ 替代EUV光刻，新方案公布！ ★ 半导体设备巨头，工资暴涨40% ★ 外媒：美国将提议禁止中国制造的汽车软件和硬件 加星标⭐️第一时间看推送，小号防走丢 公众号记得加星标⭐️，第一时间看推送不会错过。 近日，英伟达算力芯片被曝出存在严重安全问题。此前，美议员呼吁要求美出口的先进芯片必须配 备"追踪定位"功能。美人工智能领域专家透露，英伟达算力芯片"追踪定位""远程关闭"技术已成熟。 为维护中国用户网络安全、数据安全，依据《网络安全法》《数据安全法》《个人信息保护法》有关 规定，国家互联网信息办公室于2025年7月31日约谈了英伟达公司，要求英伟达公司就对华销售的H20 算力芯片漏洞后门安全风险问题进行说明并提交相关证明材料。 *免责声明：本文由作者原创。文章内容系作者个人观点，半导体行业观察转载仅为了传达一种不同的观点，不代表半导体行业 观察对该观点赞同或支持，如果有任何异议，欢迎联系半导体行业观察。 END 今天是《半导体行业观察》为您分享 ...

据中国网信办，近日，英伟达算力芯片被曝出存在严重安全问题。此前，美议员呼吁要求美出口的先 进芯片必须配备"追踪定位"功能。美人工智能领域专家透露，英伟达算力芯片"追踪定位""远程关 闭"技术已成熟。 为维护中国用户网络安全、数据安全，依据《网络安全法》《数据安全法》《个人信息保护法》有关 规定， 国家互联网信息办公室于2025年7月31日约谈了英伟达公司，要求英伟达公司就对华销售的 H20算力芯片漏洞后门安全风险问题进行说明并提交相关证明材料。 ...

加入"中国IC独角兽联盟"，请点击进入 近日，英伟达算力芯片被曝出存在严重安全问题。此前，美议员呼吁要求美出口的先进芯片必须配 备"追踪定位"功能。美人工智能领域专家透露，英伟达算力芯片"追踪定位""远程关闭"技术已成 熟。为维护中国用户网络安全、数据安全，依据《网络安全法》《数据安全法》《个人信息保护 法》有关规定，国家互联网信息办公室于2025年7月31日约谈了英伟达公司，要求英伟达公司就对 华销售的H20算力芯片漏洞后门安全风险问题进行说明并提交相关证明材料。 " 网信中国"微信公号 是说芯语转载，欢迎关注分享 ...

近日，英伟达算力芯片被曝出存在严重安全问题。 此前，美议员呼吁要求美出口的先进芯片必须配 备"追踪定位"功能。 美人工智能领域专家透露，英伟达算力芯片"追踪定位""远程关闭"技术已成熟。 为维护中国用户网络安全、数据安全，依据《网络安全法》《数据安全法》《个人信息保护法》有关规 定， 国家互联网信息办公室于2025年7月31日约谈了英伟达公司， 要求英伟达公司就对华销售的H20算 力芯片漏洞后门安全风险问题进行说明并提交相关证明材料。 涨停潮！利好突袭，集体爆发→ 来源：网信中国 国家互联网信息办公室就H20算力芯片漏洞后门安全风险约谈英伟达公司 ...

美人工智能领域专家透露，英伟达算力芯片"追踪定位""远程关闭"技术已成熟。为维护中国用户网 络安全、数据安全，依据《网络安全法》《数据安全法》《个人信息保护法》有关规定， 国家互联 网信息办公室于2025年7月31日约谈了英伟达公司，要求英伟达公司就对华销售的H20算力芯片漏洞 后门安全风险问题进行说明并提交相关证明材料。 据网信中国消息， 近日，英伟达算力芯片被曝出存在严重安全问题。此前，美议员呼吁要求美出口 的先进芯片必须配备"追踪定位"功能。 ...

Core Viewpoint - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," which will take effect on August 1, 2025, aiming to enhance regulatory compliance in the precious metals and gemstones sector [1][10]. Summary by Relevant Sections - The new regulations require institutions to fulfill anti-money laundering obligations for cash transactions of 100,000 RMB or more, or equivalent foreign currency, and to report large transactions to the Anti-Money Laundering Monitoring and Analysis Center within five working days [3][10]. - Institutions must conduct due diligence based on the "Know Your Customer" principle, assessing customer characteristics and transaction nature to identify money laundering risks [3][10]. - The regulations are part of a broader effort to implement the Anti-Money Laundering Law of the People's Republic of China, ensuring that the precious metals and gemstones industry adheres to strict compliance standards [1][10].

Core Viewpoint - The Australian government has announced legislation to include YouTube in a list of social media platforms banned for users under 16 years old, aiming to protect children from potential harm caused by social media algorithms [1] Group 1: Legislative Changes - The Australian government submitted the "2025 Cyber Security (Age-Restricted Social Media Platforms) Rules" to parliament, which will impose a ban on YouTube for users under 16 [1] - Social media platforms that fail to implement responsible measures to prevent minors from using their services could face fines up to AUD 49.5 million (approximately USD 32 million) [1] Group 2: Government Statements - Australian Prime Minister Albanese stated that the operation of social media platforms could harm children, emphasizing the need for age restriction laws to help children grow and communicate in the real world [1] - The legislation aims to free children and teenagers from the constraints of algorithms, promoting resilience in their development [1] Group 3: Company Response - A spokesperson for YouTube argued that the platform is a high-quality video-sharing service increasingly accessed via television, not a social media platform [1] - YouTube expressed disappointment over the government's decision, which contradicts previous commitments to exclude the platform from the ban, and indicated that it would consider further actions while continuing discussions with the Australian government [1] Group 4: Historical Context - In November of the previous year, the Australian parliament passed the "2024 Cyber Security (Minimum Age for Social Media)" amendment, which prohibited users under 16 from using platforms like Facebook, Instagram, and X, while YouTube was initially exempted [1]

Financial Data and Key Metrics Changes - Revenue reached almost EUR 9 billion in Q2 2025, growing 1.5% organically, while EBITDA was nearly EUR 3 billion, up 1.2% [14][15] - Free cash flow turned positive at EUR 5 million in Q2, an improvement of EUR 718 million compared to Q1, with a total of EUR 291 million in the first half [14][44] - Net financial debt decreased by 5.5% year on year to EUR 27.6 billion as of June [15] Business Line Data and Key Metrics Changes - In Spain, the company achieved its best Q2 net adds since Q3 2018, with a convergence churn rate of 0.8%, the lowest in over eleven years [16][23] - Brazil reported a 6% increase in contract accesses and a 42% increase in revenue from cloud services, with overall revenue growth of 7% [28][29] - Germany faced challenges due to the B2B transformation, but maintained solid consumer momentum with stable contract churn at 0.9% [32] Market Data and Key Metrics Changes - Spain and Brazil together represent 70% of group EBITDA, showing improving trends in Q2 [15] - The UK market remained competitive, with O2 contract churn improving to 1% [35] - The Hispan region posted positive contract net adds for the second consecutive quarter, driven by improved network quality in Colombia [39] Company Strategy and Development Direction - The company is focused on customer-centric strategies, operational excellence, and creating value through disciplined financial management, prioritizing Europe and Brazil [8][10] - A strategic review is underway, with plans to unveil conclusions in the second half of the year [8][48] - The company aims to simplify its organization and concentrate resources in select markets where it has competitive advantages [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing transformation at Telefonica, which is expected to create shareholder value and strengthen competitive positioning [8][10] - The company reiterated its full-year 2025 guidance across metrics, expecting revenue and EBITDA to continue growing [17][18] - Management acknowledged foreign exchange headwinds but remains optimistic about free cash flow improvement in the second half of the year [14][18] Other Important Information - The completion of the copper shutdown in Spain marks a significant milestone, allowing for resource reallocation [10][11] - The company has been recognized for its sustainability efforts, being named the second most sustainable company in the world by Time Magazine [46][47] Q&A Session Summary Question: Expectations for growth in Spain and the UK - Management aims for revenue growth in Spain to exceed 2024 levels, driven by improved customer experience and B2B momentum [51][53] - In the UK, management noted various opportunities but could not disclose specifics regarding M&A plans [55] Question: Cybersecurity and tech investments - Management highlighted the changing landscape for cybersecurity in Europe, driven by political will and defense investments [60][64] - The company sees potential in capturing opportunities in cybersecurity due to its experience in integrating and managing such products [66] Question: EBITDA outlook for Germany - Management indicated that the migration of the one on one customer base is a two-year journey, with expectations for EBITDA stabilization and growth thereafter [112][117] Question: Infrastructure ownership - Management emphasized the importance of owning core infrastructure for operational efficiency and service offerings [118]

Group 1 - Timothy Haugh, former NSA director, claims that China is exploiting vulnerabilities in the U.S. defense system, posing a significant challenge to U.S. cybersecurity [1] - Haugh emphasizes that despite efforts from cybersecurity and cloud computing companies, there are overlooked areas that remain vulnerable [1] - He accuses China of prioritizing intelligence collection, stealing U.S. intellectual property, and preparing for potential attacks [1] Group 2 - Haugh references past operations like "Volt Typhoon" and "Salt Typhoon," promoting the narrative of a "Chinese threat" [1] - He suggests that artificial intelligence could both exacerbate these threats and help the U.S. develop new defense strategies [1] - Haugh is involved with Ballistic Ventures, focusing on identifying "synthetic media" used for foreign propaganda [1] Group 3 - Haugh was appointed as NSA director in May 2023 and was dismissed in April 2024 without clear reasons from the Pentagon or White House [4] - His dismissal coincided with political tensions, including actions from far-right activists targeting him [4][5] - Haugh plans to teach at Yale University and has joined Ballistic Ventures as a strategic advisor [5] Group 4 - Reports indicate that the U.S. is the largest source of cyberattacks globally, contradicting claims against China [6] - Investigations have revealed U.S. intelligence agencies conducting cyber espionage against Chinese tech companies [6] - The Chinese government opposes the politicization of cybersecurity issues and calls for responsible behavior from the U.S. in maintaining international cyber norms [6]