Jensen Huang, co-founder and CEO of Nvidia, explains the development of technology for the “Craman Countdown.”
Singapore-China said its first investigation Nvidia violated the country’s anti-Monopoly laws and raised pressure on Washington during the latest US-China trade talks that ended Monday.
Beijing’s anti-trust regulator cited the violation in connection with the acquisition of the Israeli company NVIDIA, which was completed in 2020. The regulator has not discussed the preliminary findings in detail or stated whether to punish Nvidia as the investigation continues.
Beijing approved the transaction after agreeing to terms that Nvidia would guarantee the supply of chips to China. The US government has been blocked since 2022 Nvidia and other American chip vendors Because they sell many of the Top Flight’s artificial intelligence chips to China.
Nvidia CEO says he is in discussion with Trump administrator about selling Blackwell chips to China
Jensen Huang, co-founder and CEO of Nvidia Corp., owns AI accelerator chips for the data center. (Getty Images/Akiocon via Getty Images/Bloomberg)
The Beijing move came hours before Treasury Secretary Scott Bescent told reporters in Madrid that after two days of trade talks, we and Chinese negotiators had reached a Tiktok framework deal. Both sides were running against Wednesday’s deadline to allow popular video sharing apps to continue working in the US.
Nvidia’s shares fell by about 1% in morning trading. The company did not immediately respond to requests for comment.
nvidia has become perhaps the best business caught up in a crossfire of trade disputes between the world Two biggest economies. The company sells the world’s most powerful chips essential for building cutting-edge AI.
Nvidia headquarters in Santa Clara, California. (Photographer: Getty Images/Lauren Elliott via Getty Images/Bloomberg)
In December, China’s antitrust regulator, a state administration for market regulation, launched an investigation into the $7 billion acquisition of Israeli networking-gear maker Mellanox Technologies’ Nvidia. A week ago, the Biden administration ratcheted up controls on access to China’s high-end chips.
An anti-trust lawyer familiar with the case said Nvidia was in a tough place as it had to stop supplying the most sophisticated tips to China to follow US export controls, but it opened it to criticism from Beijing. Chinese regulators alleged that Nvidia was violating its pledge in 2020 to provide China with uninterrupted tip supply and treat Chinese clients equally, the lawyer said.
Bescent says Trump will explore “other industries” stocks after Intel trading and eliminate nvidia
July, President Trump NVIDIA has now allowed it to resume sales of H20 chips that will help with AI reasoning. The chip was popular in China before Trump temporarily blocked the sale in April. Shortly after Trump gave it a green light, Beijing raised concerns about the chip’s potential cybersecurity risks, and stopped businesses from purchasing it until Nvidia was able to clear regulatory reviews. Nvidia says its products do not have remote trackers or other “backdoors.”
The company and its Chinese customers now hope that the Trump administration will approve a more sophisticated NVIDIA AI chip than H20.
Nvidia CEO Jensen Huang is hosting the Nvidia Drive Thor processor. (Patrick T. Fallon / AFP GIT Getty Images / Getty Images)
Due to US restrictions on advanced chip manufacturing equipment, China has not been able to produce chips as powerful as Nvidia’s best products on a scale. Still, Chinese companies are moving forward with replacing their own products instead of US chips.
By preventing Nvidia’s possible punishment for antitrust issues, China wanted to show that it was not trying to make concessions to get the products of the US company. Self-sufficiency in AI, said Feng Chucheng, founding partner of Beijing advisory firm Hutong Research. “It’s likely that Beijing is informing us that Nvidia is not a US negotiation tip,” he said.
Click here to get your Fox business on the go
National champion Huawei is driving several of the country’s AI data centers with its own development chips. Other tech giants such as Alibaba and Baidu are also increasing the use of homemade products in their infrastructure.
China has been actively funding the domestic chip industry since Trump’s first term with the goal of long-term self-sufficiency. At the same time, Beijing has sought to ensure access to the latest technologies of the US and its allies for now, in order to keep Chinese companies competitive in high-tech races.
