China market regulatory authorities (SAMR) They have assuredaccording to Reuters, which, as indicated by the results of a preliminary investigation they have carried out, Nvidia has violated the country’s antitrust laws. For now, yes, they have not offered details about what aspects of China’s laws against monopoly have violated.
The agency responsible for ensuring compliance with Chinese antimonopoly laws opened an investigation to NVIDIA last December for, according to those responsible, suspicions of violation of the rules against monopoly. It is an investigation that not a few see as a revenge against the sanctions and restrictions imposed by the United States to the Chinese chips sector.
But the accusations of not complying with the laws that protect against the establishment of monopolies in the country are not the only ones that Nvidia has received in China. Apparently, according to the authorities, the American chip manufacturer is also suspected of breaking the commitments he acquired during the purchase of the Israeli processors design company Mellanoax Technologies, according to the terms established in 2020 and that with which they gave the conditional approval to the operation at the time.
From Samr they have assured that they will continue with their investigations. For now, from Nvidia they have not offered any response to the accusations, which if confirmed could lead to a notable size fine, among other sanctions.
According to China’s antitrust laws, companies that are declared guilty of breaking them can be fined up to 1% and 10% of their sales income from the year prior to the sanction. The Chinese market is quite relevant to Nvidia, since during its last fiscal year, which ended on January 26, it obtained sales in the country of 17,000 million dollars.
Meanwhile, United States and China delegations are maintaining negotiations on tradeand also about the future of Tiktok in the US, In Madrid. It is more than probable that tariffs and chips restrictions, including those manufactured by NVIDIA, are on the agenda of conversations.
