China is going after Nvidia: Suspected abuse of dominance
The Chinese government has launched an investigation into Nvidia Corp, a leading US chipmaker, over suspected violations of antitrust laws. Authorities' interest is focused on Nvidia's landmark 2020 acquisition of Israeli firm Mellanox Technologies for $7 billion. The move comes at a time of growing tensions between the United States and China over technology dominance and regulation.
China's State Administration for Market Regulation (SAMR) announced the launch of an investigation into the conduct of Nvidia 's $NVDA and the terms associated with the Mellanox Technologies acquisition. China approved the acquisition four years ago on the condition that Nvidia not discriminate against Chinese firms and ensure that new Mellanox products are made available to competitors within 90 days of their launch. Nvidia also committed to allow Chinese chipmakers to verify the compatibility of their products with Mellanox technologies.
However, the approval of this acquisition is now coming under…