The Chinese state media reported that Nvidia is under investigation for potential violations of antimonopoly laws, indicative of China's retaliatory measures against U.S. sanctions on its tech industry.
Nvidia's $6.9 billion acquisition of Mellanox Technologies is under review as Chinese regulators assess compliance with the 2020 approval conditional on non-discriminatory practices towards Chinese suppliers.
The recent probe into Nvidia follows the U.S. Department of Commerce's export controls, adding 140 Chinese firms to its Entity List, suggesting an escalating tit-for-tat between the U.S. and China.
Nvidia, a leader in AI chip technology, faces scrutiny not only in China but also from U.S. regulators, highlighting the growing concerns over monopolistic practices in the tech sector.
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