China on Monday launched an investigation into US chip giant Nvidia Corp for allegedly violating its anti-monopoly laws, state broadcaster CCTV said.
The State Administration for Market Regulation, the authority on antitrust issues, launched the probe "in accordance with the law," according to CCTV.
Nvidia is also suspected of violating commitments it made in 2020, when it acquired Mellanox Technologies Ltd, CCTV said.
Photo: Reuters
After Beijing announced the probe, shares in Nvidia dropped 2.6 percent by Wall Street's close yesterday, precipitating a US stocks retreat.
"We are happy to answer any questions regulators may have about our business," an Nvidia spokesman said in a statement.
Nvidia succeeds "on merit... and customers can choose whatever solution is best for them," the California-based company added.
Nvidia’s position as the leading provider of artificial intelligence (AI) chips has put it in the crossfire of the US-China battle of tech supremacy. Washington has barred the company from selling its most advanced semiconductors to Chinese companies — undermining their ability to develop AI services — which has drawn sharp rebukes from Beijing.
Nvidia has repeatedly tried to develop AI chips that will comply with US controls and give Chinese customers some ability to work on the critical new technology.
Beijing last week said it would restrict exports to the US of some key components in making semiconductors, after Washington announced curbs targeting China’s ability to make advanced chips.
Among the materials banned from export are metals gallium, antimony and germanium, Chinese Ministry of Commerce said in a statement that cited "national security" concerns.
In its own latest curbs, Washington has announced restrictions on sales to 140 companies, including Chinese chip firms Piotech Inc (拓荊科技) and SiCarrier Technologies Co (新凱來), without additional permission.
The new US rules also include controls on two dozen types of chip-making equipment and three kinds of software tools for developing or producing semiconductors.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
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