Official announcements from China's State Administration for Market Regulation (SAMR) or NVIDIA's financial disclosures

NVIDIA Shares Drop as China Launches Antitrust Probe Over Alleged Anti-Monopoly Violations

Dec 9, 2024, 12:01 PM

On December 9, 2024, China's State Administration for Market Regulation (SAMR) announced an antitrust investigation into U.S. chipmaker NVIDIA over alleged violations of China's Anti-Monopoly Law. The probe focuses on suspicions that NVIDIA has breached anti-monopoly regulations, including potential non-compliance with restrictive conditions from the 2020 antitrust review of its acquisition of Mellanox Technologies. The investigation was reported by Chinese state media, including CCTV. NVIDIA's shares dropped over 2% in pre-market trading following the news. China accounts for approximately 15% of NVIDIA's data center revenue, implying about $4.5 billion in the third quarter and around 13% of its total revenue for the period.