00:00China's market regulator has said that a preliminary investigation found that Nvidia
00:06had violated the country's anti-monopoly law. It marks the latest hit for the US chip giant,
00:12which is known for its artificial intelligence and gaming chips. The brief statement did not
00:17elaborate on how Nvidia might have violated the anti-monopoly laws. China in December
00:22launched an investigation into Nvidia over what it said were suspected violations.
00:28The probe has widely been seen as a retaliatory shot against Washington's
00:32curbs on the Chinese chip sector. The regulator also said that the US chipmaker was suspected
00:38of violating commitments it made during its acquisition of Israeli chip designer
00:43Mellanox Technologies. Nvidia did not immediately respond to a request for comment. According to
00:49China's antitrust law, companies can face fines of between 1 and 10 percent of their annual sales
00:55from the previous year. China generated 17 billion dollars in revenue for Nvidia in the fiscal year
01:02ending January, or 13 percent of total sales, based on its latest annual report. The development comes
01:09as the US and China hold trade talks in Madrid. Chips, including the ones made by Nvidia, are expected
01:16to be on the agenda.
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