China has opened an antitrust investigation into Nvidia (NVDA), accusing the U.S. chipmaker of violating its 2020 acquisition conditions, just as U.S. and Chinese negotiators reached a framework deal on TikTok. The move adds pressure on Washington while highlighting Beijing’s push for chip self-sufficiency.
- China’s regulator said Nvidia may have broken its pledge to ensure uninterrupted chip supply following its $7B acquisition of Mellanox Technologies.
- U.S. export controls since 2022 have barred Nvidia from selling its most advanced AI chips in China, complicating compliance with Beijing’s conditions.
- Nvidia’s H20 chip sales were briefly cleared by the Trump administration in July but suspended by Chinese regulators over cybersecurity concerns.
- Treasury Secretary Scott Bessent confirmed a framework agreement on TikTok after U.S.-China trade talks in Madrid, ahead of a Sept. 17 ban deadline.
- Nvidia shares fell about 1% in morning trading as the probe underscored risks of being caught between U.S. export restrictions and China’s regulatory demands.
Relevant Companies
- NVDA - Facing Chinese antitrust probe and caught between U.S. export controls and Beijing’s market access conditions.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
