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China is one of Nvidia’s largest markets, especially for data centers, games and artificial intellectual applications.
Avihek das | LightRockket | Gets the image
The Chinese market regulator said on Monday that Nvidia violated the country’s antitrust law, the previous probe reports, adding that Beijing would continue the investigation of the US giant.
Nvidia’s stock declined about 2% in Premarket.
At the end of last year, the Chinese administration on market regulation (SAMR) opened an investigation into NVIDIA in connection with the acquisition of Mellanox and some agreements concluded during the acquisition. Nvidia has acquired an Israeli technology company that creates networking solutions for data centers and servers in 2020, in an agreement that was approved by China at the time with certain conditions.
In a preliminary investigation, Samr said Nvidia violated China’s antitrust laws in connection with this acquisition and its conditions. The Chinese market regulator did not specify how Nvidia allegedly violated the country’s laws.
“We comply with the law in every way,” the Nvidia press press said. “We will continue to cooperate with all the relevant state institutions if they evaluate the impact of export control on commercial markets.”
Samr update has the potential for complication of trading talks between Chinese and American officials who started on Sunday in Madrid, Spain.
It seems that the tension between Beijing and Washington increases on the technology front. On Saturday, China opened two separate probes in the semiconductors: one-is an anti-dumping investigation of certain chips imported from the US and the second control against discrimination in the United States.
In recent months, Nvidia has had a violent relationship with the Chinese market because the company has been involved in geopolitical volatility. Earlier this year, the Nvidia H20 product, a chip that was specifically designed to implement US export restrictions, was blocked from sending to China.
NVIDIA CEO Jensen Juan Publicly called for US companies to allow China to sell, Saying that the local artificial intelligence market is likely to reach about $ 50 billion in the next two years. Juan said that if there is no American companies in China, domestic players like Huawei fill the void.
This lobbying seemed to work. Last month, Nvidia stopped a deal with Washington, which would allow the technological giants to restore the sales of chips to China in exchange for A refusal of 15% of this US government income.
Juan and the US government discuss the opportunity Exports of a more advanced chip to China.
