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Nvidia Faces Anti-Monopoly Accusations in China, Stock Dips
Nvidia Faces Anti-Monopoly Accusations in China, Stock Dips
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BTCCSquare news:
Nvidia's shares (NVDA) tumbled 1.5% in pre-market trading after Chinese regulators accused the company of violating anti-monopoly laws. The State Administration for Market Regulation (SAMR) alleges Nvidia failed to comply with conditions tied to its 2020 acquisition of Mellanox Technologies, including commitments to share product details with rivals and avoid discrimination against Chinese firms.
The probe adds to mounting regulatory risks for tech companies operating in China. Nvidia has yet to issue a formal response, but the allegations underscore the tightening scrutiny on foreign semiconductor firms. Market sentiment remains fragile as investors weigh the potential for further enforcement actions.
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