China Finds Nvidia Violated Anti-Monopoly Law, Probe Extended

China's State Administration for Market Regulation has found that U.S. chipmaker Nvidia violated the country's antitrust laws in relation to its acquisition of Mellanox Technologies, leading to an extended investigation. The regulator stated that Nvidia breached the terms of the 2020 conditional approval for the deal, intensifying scrutiny amid ongoing U.S.-China trade talks in Madrid. Following the announcement, Nvidia's shares dropped in pre-market trading, reflecting investor concerns. The Chinese authority offered limited details but confirmed the continuation of the probe into Nvidia's compliance with anti-monopoly regulations. This development adds pressure to the already delicate trade negotiations between the two economic powers. Nvidia faces heightened regulatory challenges in China as a result of this preliminary finding.