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China says Nvidia violated anti-monopoly laws, significantly escalating trade tensions with US
- China's State Administration for Market Regulation announced that a preliminary investigation indicates Nvidia has breached the nation's antitrust regulations.
- In December 2024, regulators initiated an antitrust investigation targeting Nvidia's purchase of Mellanox, a chip company based in Israel.
- The regulator added it would continue investigating Nvidia, which generates $17 billion in China, about 13% of its sales in the latest fiscal year.
- Ahead of the market open, Nvidia’s stock declined by 2% as US-China semiconductor trade discussions continued this week in Madrid amid ongoing tensions.
- The probe highlights rising scrutiny on US chipmakers in China, potentially leading to fines of 1% to 10% of annual sales and increasing pressure in US-China trade relations.
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The accusation comes at a time of growing trade tensions between China and the United States, while both countries held discussions in Spain on TikTok's ownership agreements.
China says Nvidia violated antitrust law
SINGAPORE—China said an initial probe found Nvidia violated the country’s antimonopoly law, heightening pressure on Washington during the latest round of U.S.-China trade talks that ended Monday.Beijing’s antitrust regulator cited the violations in connection with Nvidia’s acquisition of an Israeli company that was completed in 2020. The regulator said the investigation was continuing, and it didn’t elaborate on the preliminary findings or say w…
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Coverage Details
Total News Sources143
Leaning Left27Leaning Right12Center55Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 29%
C 59%
13%
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