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What will be the outcome of the Chinese antitrust probe into Nvidia's Mellanox acquisition by end of 2024?
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Story
Nvidia Hires 200 in China for Autonomous Driving Amid Antitrust Probe
Dec 12, 2024, 01:06 PM
Nvidia Corp. has intensified its focus on the Chinese market by hiring 200 additional staff in Beijing to bolster its research capabilities in autonomous driving technologies. The company has explicitly denied rumors suggesting it would cut supplies to China, emphasizing that the country remains a crucial market. Nvidia's commitment to China comes amidst an ongoing antitrust investigation by Chinese regulators related to its acquisition of Mellanox. The company's revenue from China has grown significantly, with quarterly earnings exceeding $5 billion. This strategic move is seen as an effort to leverage the growing demand for AI-driven vehicles in China, where the electric vehicle market is thriving.
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