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21h ago

China Says Nvidia Violated Antitrust Law During Madrid Trade Talks

Beijing escalates pressure with fresh probes into U.S. chip policies to gain negotiating leverage.

FILE - Chinese Vice Premier He Lifeng speaks during a press conference after the 11th China-UK Economic and Financial Dialogue in Beijing, on Jan 11, 2025. (AP Photo/Aaron Favila, Pool, File)
Nvidia CEO Jensen Huang in China in July. The chip company has found itself increasingly hobbled by a tug-of-war between Beijing and Washington. In the latest action, a Chinese regulator has found the company violated antitrust laws.
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Overview

  • China’s market regulator said a preliminary investigation found Nvidia breached anti-monopoly rules tied to conditions on its 2020 Mellanox acquisition and opened a further probe without detailing the violation.
  • Nvidia shares fell about 2%–3% in premarket trading after the announcement, and the company did not immediately comment; potential penalties under China’s antitrust law can reach up to 10% of prior-year sales.
  • The move lands as Treasury Secretary Scott Bessent meets Vice Premier He Lifeng in Madrid, with semiconductors and TikTok on the agenda for talks running through Sept. 17.
  • Separately, the Commerce Ministry launched an anti-discrimination review of U.S. chip measures and an anti-dumping case into certain U.S. analog ICs such as interface and gate-driver chips used widely in industry.
  • The dumping probe could last about a year and targets products commonly made by Texas Instruments, Analog Devices and ON Semiconductor, following Washington’s addition of 23 China-based entities to a U.S. trade blacklist.