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China accuses Nvidia of anti-monopoly law violations, raising prospect of heavy fines — company could be fined 10% of revenue from China
This may also be another indirect tactic in the ongoing trade negotiations.
The uncertainty has lead to the growth of smuggling and black-market operations, and China pushing for more domestic chip production and adoption among its high-tech firms. Alongside a potential sale of social media company, TikTok, to an American firm, China's access to Nvidia's cutting-edge AI hardware is expected to be on the table. This latest news follows the Chinese Minister of Commerce announcing over the weekend that it was initiating an an anti-dumping investigation into analog IC chips imported from America from companies like Texas Instruments and ON Semiconductor.
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