Close Menu
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Facebook X (Twitter) WhatsApp
Trending
  • $50 Designer Handbags, $23 Wallets & More
  • Federal officials launch investigation into former Trump prosecutor
  • SummerSlam 2025: Jey Uso, Roman Reigns take care of Bron Breakker, Bronson Reed
  • Lovense has finally fixed its account takeover problem
  • Hungarian GP: McLaren left facing Oscar Piastri-Lando Norris strategy dilemma after Charles Leclerc’s shock pole | F1 News
  • Matt Rife Purchases Occult Museum, Annabelle Doll
  • Smithsonian will again include Trump in impeachment exhibit in ‘coming weeks’
  • Message in bottle among items found during Colorado ski resort cleanup
Get Your Free Email Account
Facebook X (Twitter) WhatsApp
Baynard Media
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Baynard Media
Home»News»China opens probe into Nvidia, accusing company of violating its anti-monopoly law
News

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

EditorBy EditorDecember 9, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already-tense trade relations between the two countries as President-elect Donald Trump prepares to take office for a second time.

China’s state market regulatory arm said the probe is related to Nvidia’s 2019 acquisition of Mellanox, a global supplier of computer networking equipment.

China had conditionally approved that acquisition in 2020.

A Nvidia spokesperson did not immediately respond to a request for comment. The company’s shares were down roughly 3% after markets opened Monday.

Last week, the outgoing Biden administration announced a fresh set of export controls on U.S.-made semiconductors designed to limit China’s ability to use them to develop weapons and advanced artificial intelligence systems.

China immediately responded by accusing the U.S. of bullying and hypocrisy while issuing embargoes on critical materials to the U.S.

“The U.S. preaches one thing while practicing another, excessively broadening the concept of national security, abusing export control measures, and engaging in unilateral bullying actions. China firmly opposes such actions,” China’s Commerce ministry said in a statement.

The U.S. and France have also opened investigations related to Nvidia’s market dominance, though on different grounds.

In the past year, the Santa Clara-based company, whose chips have become the processor of choice for tech firms leading the AI revolution, has powered the entire U.S. stock market higher. In 2024, Nvidia’s share price has nearly tripled, making it one of the most valuable firms in the world.

Trump has promised to levy stiff tariffs on China when he takes office. He recently picked former Georgia Sen. David Perdue, whom a Chinese think tank has accused of being “anti-China,” for U.S. ambassador to China. He also tapped economist Peter Navarro, who favors tariffs, as trade and manufacturing adviser.

Rob Wile

Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.

Evelyn Cheng, CNBC contributed.

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe LG 55-inch NanoCell 4K TV at Best Buy is just $380 for a short time
Next Article Jurors mull lesser charge against Daniel Penny in death of Jordan Neely
Editor
  • Website

Related Posts

News

Federal officials launch investigation into former Trump prosecutor

August 3, 2025
News

SummerSlam 2025: Jey Uso, Roman Reigns take care of Bron Breakker, Bronson Reed

August 3, 2025
News

Smithsonian will again include Trump in impeachment exhibit in ‘coming weeks’

August 2, 2025
Add A Comment

Comments are closed.

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Recent Posts
  • $50 Designer Handbags, $23 Wallets & More
  • Federal officials launch investigation into former Trump prosecutor
  • SummerSlam 2025: Jey Uso, Roman Reigns take care of Bron Breakker, Bronson Reed
  • Lovense has finally fixed its account takeover problem
  • Hungarian GP: McLaren left facing Oscar Piastri-Lando Norris strategy dilemma after Charles Leclerc’s shock pole | F1 News
calendar
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Recent Posts
  • $50 Designer Handbags, $23 Wallets & More
  • Federal officials launch investigation into former Trump prosecutor
  • SummerSlam 2025: Jey Uso, Roman Reigns take care of Bron Breakker, Bronson Reed
About

Welcome to Baynard Media, your trusted source for a diverse range of news and insights. We are committed to delivering timely, reliable, and thought-provoking content that keeps you informed
and inspired

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Facebook X (Twitter) Pinterest WhatsApp
  • Contact Us
  • About Us
  • Privacy Policy
  • Disclaimer
  • UNSUBSCRIBE
© 2025 copyrights reserved

Type above and press Enter to search. Press Esc to cancel.