- The Chinese Market Regulator (SAMR) has launched a survey on Nvidia
- He alludes to the violations of the agreements concluded during the acquisition of Mellanox
- NVIDIA shares are down 2 to 3%, the company has not yet responded
China’s state administration for market regulations (SAMR) accused Nvidia of having violated an anti-monopoly law, launching a preliminary investigation into the American technology giant.
The violations allege that Nvidia interrupted the commitments made in 2020 when he acquired Mellanox technologies for $ 6.9 billion, but the details of the violations were not shared.
If it is found guilty, Nvidia could face a fine of value between 1% and 10% of its sales of the previous year on a market which is extremely important for it (representing around 13% of its total turnover in the last financial year).
Nvidia could be in trouble in China
The news occurs while the United States and China are preparing for commercial negotiations in Madrid, fleas that should be central to discussions. China has also launched an investigation into discrimination on American flea restrictions, questioning Tencent and Bytedance on their purchases of Nvidia H20 flea.
“Recently, After Preliminary Investigation, Nvidia Violed the Antimonopoly Law of the People’s Republic of China and the Announcement of the General Administration of Market Supervision on the Anti-Monopoly Review Decision On the Approval of Nvidia’s Acquisition of the Equity of Mylos Technology Co. General Administration of Market Supervision Decided to Conduct Further Investigation Into In Accord with the Law, ”shared Samr (translated).
Despite the ongoing geopolitical tensions between China and the United States, the CEO of Nvidia, Jensen Huang, previously pleaded for sales of continuous china fleas, warning that Chinese companies like Huawei could fill the gap and cost the billions of American businesses.
Consequently, Nvidia concluded an agreement with the United States government to resume sales in China, at a cost of 15% of its income. China specific H20 fleas would still be in the event of sale, but the Blackwell chips on scale could be approved. The company has generated $ 17 billion in China revenue only during the last financial year.
Nvidia’s actions fell 2 to 3% of pre-commercial exchanges after the SAMR announcement. Techradar Pro asked Nvidia a comment, but we did not receive an immediate response.
