China Investigates Nvidia for Competition Law Violations

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China Investigates Nvidia for Competition Law Violations
Photo: Andy Wong AP/TT

China's competition authority claims after a preliminary investigation that the world-leading American chip manufacturer Nvidia violates competition laws in China. The investigation of Nvidia will now be deepened, according to the statement.

Nvidia's share falls by almost 3 percent in futures trading ahead of Monday's opening on Wall Street after the message.

Nvidia has previously stated that the company is being investigated by Chinese authorities, where regulators have demanded that Nvidia continues to deliver chips to Chinese companies in exchange for the green light for the acquisition of Mellanox – manufacturer of network technology – five years ago.

Nvidia has warned that it may result in Chinese sanctions against the company.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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