"Nvidia had failed to fully comply with provisions outlined when it acquired Mellanox Technologies, an Israeli-US supplier of networking products, China's State Administration for Market Regulation (SAMR) said on Monday. Beijing conditionally approved the US chipmaker's acquisition of Mellanox in 2020. Monday's statement came as US and Chinese officials prepared for more talks in Madrid over trade, with a tariff truce between the world's two largest economies set to expire in November."
"The regulator started the anti-monopoly investigation in December, a week after the US unveiled tougher export controls on advanced high-bandwidth memory chips and chipmaking equipment to the country. SAMR then spent months interviewing relevant parties and gathering legal opinions to build the case, the people said. Nvidia bought Mellanox for $6.9 billion in 2020, and the acquisition helped the chipmaker to step up into the data center and high-performance computing market where it is now a dominant player."
China's State Administration for Market Regulation (SAMR) issued a preliminary finding that Nvidia violated China's antitrust law by failing to fully comply with provisions tied to its 2020 conditional approval to acquire Mellanox Technologies. SAMR opened an anti-monopoly investigation in December, weeks after the US imposed tighter export controls on advanced memory chips and equipment. The regulator spent months interviewing parties and gathering legal opinions and reached its conclusion weeks before releasing the announcement, reportedly to bolster China's position in pending US-China trade talks in Madrid. Potential penalties include fines of 1–10% of prior-year sales and forced changes to business practices.
Read at Ars Technica
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