China probes Nvidia for ‘violating’ anti-monopoly law [Video]

China on Monday launched an investigation into US chip giant Nvidia for allegedly violating its anti-monopoly laws, a top government agency said, as the two countries race for global chipmaking dominance.

Beijing’s state administration for market regulation, the authority on antitrust issues, launched the probe “in accordance with the law”, according to a statement shared online.

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox.

Shares in Nvidia dropped Monday after Beijing announced the probe.

Nvidia did not immediately respond to a request for comment.

China and the United States have in recent weeks clashed over exports of key chipmaking technology, where Nvidia is a major player.

Beijing last week said it would restrict …