China says Nvidia violated anti-monopoly law as probe to continue

China's market regulator announced on Monday that Nvidia has allegedly breached the country's antitrust laws, following an initial investigation. The authorities indicated that their inquiry into the U.S. semiconductor powerhouse would persist. In premarket trading, Nvidia's shares experienced a decline of approximately 2%. This scrutiny follows an investigation launched by the State Administration for Market Regulation (SAMR) late last year, focusing on Nvidia's acquisition of Mellanox and associated agreements made during the purchase. Nvidia completed the acquisition of the Israeli tech firm, known for its data center and server networking solutions, in 2020. At that time, the deal received approval from Chinese regulators under specific conditions. However, the preliminary findings from SAMR suggest that Nvidia may have violated these antitrust provisions linked to the acquisition. This story is developing, and updates will be provided as more information becomes available.