Nvidia could face massive $1 billion fine over antitrust violations in China — Nvidia’s Mellanox acquisition is in Beijing’s crosshairs
December 11, 2024

Nvidia could face massive $1 billion fine over antitrust violations in China — Nvidia’s Mellanox acquisition is in Beijing’s crosshairs

Nvidia is at the center of an antitrust investigation launched by China’s State Administration for Market Regulation (SAMR). according to a ReportSurvey revisits NVIDIA 2019 Acquisition of Mellanox Technologiesapproved by Beijing in 2020 under strict conditions. These require Nvidia to supply its GPU and interconnect products to the Chinese market on “fair, reasonable and non-discriminatory terms” while ensuring compatibility with other companies’ hardware.

The investigation is a reaction to Nvidia’s compliance with U.S. export restrictions that limit the supply of advanced GPUs to China. The State Administration for Market Regulation accused Nvidia of violating conditions related to its acquisition of Mellanox. If proven, Nvidia could face a fine of up to $1.03 billion, equivalent to 10% of its revenue from China in 2024, one of the largest antitrust fines ever levied by Beijing.

2024-12-10 18:07:22

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