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Home»Finance»Nvidia is facing an antitrust investigation in China
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Nvidia is facing an antitrust investigation in China

December 9, 2024No Comments2 Mins Read
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Nvidia is facing an antitrust investigation in China
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Nvidia CEO Jensen Huang. - Photo: Annabelle Chih/Bloomberg (Getty Images)
Nvidia CEO Jensen Huang. – Photograph: Annabelle Chih/Bloomberg (Getty Photographs)

Nvidia (NVDA) is underneath investigation for allegedly violating anti-monopoly legal guidelines in China.

The nation’s State Administration for Market Regulation has launched a probe into whether or not Nvidia’s acquisition of Israeli chip designer Mellanox Applied sciences violated anti-monopoly legal guidelines, based on a report from China Central Tv on Monday.

Shares of Nvidia fell almost 2% in pre-market buying and selling on Monday.

The main synthetic intelligence chipmaker purchased Mellanox for $6.9 billion in 2020 after receiving conditional approval from Chinese language authorities. Situations included necessities that Nvidia and Mellanox not bundle or tie collectively merchandise, proceed to provide on truthful phrases, and be certain that chips from Chinese language producers labored with the expertise.

Different necessities have been aimed toward sustaining independence between the 2 corporations, and lessening any potential impacts of export controls amid the commerce battle between the U.S. and China that started in 2018 underneath the primary Trump administration.

This comes as chip commerce tensions between the 2 financial superpowers proceed to escalate. Final week, the Division of Commerce launched extra restrictions on the sale of high-bandwidth reminiscence and chipmaking instruments to China, together with instruments produced by U.S. corporations overseas.

The brand new guidelines embrace controls on 24 forms of semiconductor manufacturing tools, in addition to on three forms of software program instruments that can be utilized to develop or produce chips, the Commerce Division’s Bureau of Trade and Safety stated.d

One other 140 unnamed Chinese language entities — together with semiconductor fabs, device corporations, and funding corporations — accused of engaged on behalf of the Chinese language authorities have been added to the U.S. commerce blacklist.

Based on the company, the curbs are aimed toward slowing China’s superior AI developments which have “the potential to vary the way forward for warfare” and “impairing” China’s improvement of its chip ecosystem.

Final month, the U.S. reportedly requested Taiwan Semiconductor Manufacturing Firm (TSM), the world’s largest chipmaker, to cease sending its superior AI chips to China.

— Britney Nguyen contributed to this text.

For the most recent information, Fb, Twitter and Instagram.



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