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China’s State Administration for Market Regulation (SAMR) announced Monday that a preliminary investigation found Nvidia violated the country’s antitrust law after failing to comply with conditions imposed on its acquisition of Mellanox Technologies. The agency said it will conduct a further investigation before determining penalties.
Nvidia completed its $6.9 billion acquisition of Mellanox in 2020. SAMR approved the deal on the condition that the company maintain fair competition in markets related to data transmission and networking equipment. SAMR started its review of Nvidia’s compliance with these conditions in December 2024.
Under China’s Anti-Monopoly Law, regulators may impose conditions on mergers that could affect market competition and can sanction companies that fail to comply. Possible remedies include fines, business restrictions, or forced divestitures. The regulator did not specify which conditions Nvidia allegedly breached, and it is unclear whether Nvidia will be punished.
The announcement follows recent US action against two Chinese companies accused of acquiring US-origin semiconductor manufacturing tools for use by Semiconductor Manufacturing International Corporation. US Department of Commerce added two Chinese semiconductor manufacturers to its “Entity List,” requiring licenses for all items subject to regulations under a presumption of denial in the Federal Register under 15 C.F.R. § 744.11.
The post China finds Nvidia violated antimonopoly law in preliminary probe appeared first on JURIST - News.
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Nvidia completed its $6.9 billion acquisition of Mellanox in 2020. SAMR approved the deal on the condition that the company maintain fair competition in markets related to data transmission and networking equipment. SAMR started its review of Nvidia’s compliance with these conditions in December 2024.
Under China’s Anti-Monopoly Law, regulators may impose conditions on mergers that could affect market competition and can sanction companies that fail to comply. Possible remedies include fines, business restrictions, or forced divestitures. The regulator did not specify which conditions Nvidia allegedly breached, and it is unclear whether Nvidia will be punished.
The announcement follows recent US action against two Chinese companies accused of acquiring US-origin semiconductor manufacturing tools for use by Semiconductor Manufacturing International Corporation. US Department of Commerce added two Chinese semiconductor manufacturers to its “Entity List,” requiring licenses for all items subject to regulations under a presumption of denial in the Federal Register under 15 C.F.R. § 744.11.
The post China finds Nvidia violated antimonopoly law in preliminary probe appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.