Nvidia facing antitrust investigation from China2024-12-09 18:12 by DanielaTags: Nvidia
China said on Monday it has launched an investigation into Nvidia Corp, over suspected violations of the country's anti-monopoly law, in a move widely seen as a retaliatory shot against Washington's latest curbs on the Chinese chip sector. The statement from the State Administration for Market Regulation (SAMR) announcing the probe did not elaborate on how the U.S. company, known for its artificial intelligence (AI) and gaming chips, might have violated China's anti-monopoly laws. It said the U.S. chipmaker is, in addition, suspected of violating commitments it made during its acquisition of Israeli chip designer Mellanox Technologies under terms outlined in the regulator's 2020 conditional approval of that deal. Nvidia did not immediately respond to a request for comment. The company's shares fell 2%.The investigation comes after the U.S. last week launched its third crackdown in three years on China's semiconductor industry, which saw Washington curb exports to 140 companies, including chip equipment makers. "It's (the probe) unlikely to have much of an impact on the company, particularly in the near term, because most of Nvidia's most advanced chips are already restricted from being sold into China," said Bob O'Donnell, chief analyst at TECHnalysis Research. Read more -here-
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