Beijing's statement did not elaborate on how the U.S. company, known for its artificial intelligence and gaming chips, might have violated China's anti-monopoly laws.
over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector.
It said the U.S. chipmaker was also suspected of violating commitments it made during its acquisition of Israeli chip designer Mellanox Technologies under terms outlined in the regulator’s 2020 conditional approval of that deal. “It’s unlikely to have much of an impact on the company, particularly in the near term, because most of Nvidia’s most advanced chips are already restricted from being sold into China,” said Bob O’Donnell, chief analyst at TECHnalysis Research.In a sign that China intends to fight back strongly against the latest move, shortly after Washington’s announcement Beijing banned exports to the United States of the critical minerals gallium, germanium and antimony.
Nvidia dominated China’s AI chip market with a more than 90% share before these curbs. However, it faces increasing competition from domestic rivals, chief among them being Huawei. China accounted for around 17% of Nvidia’s revenue in the year to the end of January, sliding from 26% two years earlier.In 2020, the company won a key approval from China for its acquisition of Mellanox Technologies, despite concerns that Beijing could block the deal due to U.S.-China trade frictions.
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