BEIJING — China on Monday launched an investigation into US chip giant Nvidia for allegedly violating its anti-monopoly laws, a top government agency said, as the two countries race for global chipmaking dominance.
Beijing's state administration for market regulation, the authority on antitrust issues, launched the probe 'in accordance with the law,' according to a statement shared online. Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox.After Beijing announced the probe, shares in Nvidia dropped 2.6 percent by Wall Street's close on Monday, precipitating a US stocks retreat.
In its own latest curbs, Washington has announced restrictions on sales to 140 companies, including Chinese chip firms Piotech and SiCarrier, without additional permission.The move expands Washington's efforts to restrict exports of state-of-the-art chips to China, which can be used in advanced weapons systems and artificial intelligence .
Probes Nvidia For Alleged Monopoly
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