Nvidia’s value fell by more than £80 billion after Chinese regulators launched an investigation into the technology firm.
The chip maker’s stock fell 3 percent on Wall Street after Chinese state media said the country’s competition watchdog had opened an investigation into alleged violations by Nvidia. anti-monopoly laws.
The regulator is also reviewing whether the company broke promises it made as part of a £5.4 billion takeover of Israeli-American software firm Mellanox, which was approved by authorities in 2020 on it means that Nvidia did not underestimate the Chinese companies.
The investigation will hit Nvidia, which accounts for about 15 percent of its sales in China.
False: Nvidia fell 3% on Wall Street after Chinese state media said the country’s competition watchdog had opened an investigation into whether it violated antitrust laws. – monopoly.
The move is thought to be the company’s latest caught in the middle of an escalating trade war between the US and China over cutting-edge computer chips.
Nvidia’s technology is key to powering artificial intelligence (AI) processors. Its share price has soared over the past year, and it has become one of the world’s largest companies with a valuation of around £2.7 trillion.
However, US officials have implemented export controls that allow it to sell water-down versions of its processors in the Chinese market.
The investigation also comes a week after the US introduced tougher measures to ban high-end computer chips sold in China.
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