China’s antimonopoly regulator accused U.S. microchip manufacturer Nvidia of violating the country’s antitrust laws on Monday, further escalating tensions between Washington and Beijing. China’s State Administration for Market Regulation (SAMR) claimed Nvidia—currently the world’s most valuable company—broke pledges meant to ensure fair competition and continuous supply to the Chinese market when it acquired Israeli tech firm Mellanox in 2020. Although no specific penalties have been levelled at the tech giant yet, an investigation into the deal will face further scrutiny in the coming months. The move comes as U.S. and Chinese officials meet in Madrid to de-escalate trade tensions, just days after Washington blacklisted 23 more Chinese companies from buying U.S. tech. Nvidia, caught in the geopolitical crossfire, faces mounting pressure from both sides. While U.S. export controls bar the sale of its most advanced AI chips to China, Beijing is now turning the screws with its own regulatory scrutiny, slapping more foreign companies with antitrust investigations to protect its own interests—a practice once considered a rare move.
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