China has accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already-tense trade relations between the two countries as President-elect Donald Trump prepares to take office for a second time. In a statement released Monday, China's state market regulatory arm said the probe is related to Nvidia's 2019 acquisition of Mellanox, a global supplier of computer networking equipment. China had conditionally approved that acquisition in 2020.
preaches one thing while practicing another, excessively broadening the concept of national security, abusing export control measures, and engaging in unilateral bullying actions. China firmly opposes such actions,” China's Commerce ministry said in a statement. The U.S. and France have also opened investigations related to Nvidia's market dominance, though on different grounds.