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  • 3 months ago
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00:00China's top market regulator is accusing NVIDIA of violating the country's antitrust laws,
00:06the latest flashpoint in escalating tensions with the United States over critical AI chip technology.
00:14China's state administration for market regulations says NVIDIA broke promises around
00:20fair competition and that the investigation into the chip giant is still ongoing.
00:24The findings stem from a probe launched last December, though officials did not specify which laws NVIDIA allegedly broke.
00:33The announcement comes as U.S. and Chinese leaders meet in Madrid to ease rising trade tensions.
00:39At the heart of the issue, NVIDIA's 2020 acquisition of Mellanox Technologies, an Israeli networking firm.
00:46China says NVIDIA failed to honor commitments made at the time,
00:50including preventing monopolistic behavior and ensuring Mellanox technology remained accessible to Chinese partners.
00:58The U.S. and China are locked in a high-stakes race for AI dominance,
01:02with both sides treating advanced chips as key to national security.
01:07Last month, NVIDIA CEO Jensen Huang met with President Trump and won approval to continue selling to China,
01:14a move that's drawn criticism from lawmakers who warn it could give Beijing a strategic edge.
01:20NVIDIA remains the global leader in AI chips, technology now at the center of a geopolitical power struggle.
01:27For more unbiased updates, download the Straight Arrow News app or go to san.com.
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