"Beijing's State Administration for Market Regulation (SAMR) has declared that, following a preliminary investigation, Nvidia was found to have violated the anti-monopoly law of the People's Republic of China. The ruling relates to Nvidia's acquisition of networking technology company Mellanox. The probe began last December. SAMR added that it has decided to conduct further investigation into Nvidia, whose high-end chips are in hot demand for artificial intelligence systems."
"SAMR's statement comes as trade talks between Chinese and US officials take place in Madrid. Nvidia has been in the firing line of the US-China trade war. In April, its H20 and MI308 chips were banned from sale to China; then in August, Nvidia and AMD agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market."
China's State Administration for Market Regulation (SAMR) has preliminarily found that Nvidia violated the country's anti-monopoly law in relation to its acquisition of Mellanox and has opened further investigation. The probe began in December and targets Nvidia while its high-end chips remain in strong demand for artificial intelligence systems. The SAMR action coincides with US-China trade talks in Madrid and follows recent measures affecting Nvidia: an April ban on H20 and MI308 chip sales to China and an August agreement by Nvidia and AMD to allocate 15% of certain China sales revenue to the US government for export licences. The ruling pushed Nvidia shares lower and could complicate bilateral trade discussions.
Read at www.theguardian.com
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