Loading ...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 report, the investigation revisits Nvidia’s 2019 acquisition of Mellanox Technologies, approved by Beijing in 2020 under strict conditions. These required Nvidia to supply its GPUs and interconnect products to the Chinese market on “fair, reasonable, and non-discriminatory terms” while ensuring compatibility with other companies’ hardware.
The probe is a reaction to Nvidia’s compliance with U.S. export restrictions, which limited the supply of advanced GPUs to China. SAMR accuses Nvidia of breaching the conditions tied to its Mellanox acquisition. If proven, Nvidia could face fines of up to $1.03 billion, equivalent to 10% of its 2024 revenue from China, one of Beijing’s largest antitrust fines ever levied.