Focusing on the 2020 acquisition of Mellanox Technologies, the State Administration for Market Regulation claims that Chinese authorities have started an anti-monopoly inquiry into Nvidia Corp. (NASDAQ:NVDA). Beijing's acceptance of the $7 billion agreement was contingent on Nvidia guaranteeing Chinese companies received fair treatment.
Announced Monday, the probe closely examines Nvidia's adherence to these guidelines, including a need for Mellanox to reveal new product details to rivals within 90 days of their launch. With its market value exploding this year and attracting regulatory scrutiny among rising U.S.-China tech tensions, Nvidia has become a major player in artificial intelligence processors.
The action conforms to current U.S. policies meant to restrict China's access to advanced semiconductor technology. China has meanwhile instituted export restrictions on important commodities used in the tech and defense sectors. Nvidia official did not react right away on the probe.
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