China Launches Additional Antitrust Probe into Nvidia over Semiconductor Acquisition
The Chinese government has decided to conduct an additional investigation into whether Nvidia's acquisition of a semiconductor company involves violations of antitrust laws and other regulations.
On September 15, the State Administration for Market Regulation of China announced on its official social media account, "A recent preliminary investigation found that Nvidia violated the 'Chinese Antitrust Law' and the 'Antitrust Review Decision Announcement on Conditional Approval of Nvidia's Acquisition of Mellanox Shares by the State Administration for Market Regulation.' As a result, we have decided to proceed with a further investigation."
In 2019, Nvidia acquired the Israeli semiconductor company Mellanox for 6.9 billion dollars (approximately 9.6 trillion Korean won).
At that time, the Chinese government approved the merger with conditions, including the continued supply of Nvidia graphics processing unit (GPU) accelerators, Mellanox high-speed network interconnection equipment, and related software and accessories to the Chinese market.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Greater Impact on Women Than Men"... The 'Diet Trap' That Causes Sleepless Nights and Suffering
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Subsequently, Nvidia halted the supply of GPU accelerator products, citing U.S. government export controls. In response, the Chinese government launched an antitrust investigation into Nvidia in December of last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.