#mellanox-acquisition

#mellanox-acquisition

Nvidia had failed to fully comply with provisions outlined when it acquired Mellanox Technologies, an Israeli-US supplier of networking products, China's State Administration for Market Regulation (SAMR) said on Monday. Beijing conditionally approved the US chipmaker's acquisition of Mellanox in 2020. Monday's statement came as US and Chinese officials prepared for more talks in Madrid over trade, with a tariff truce between the world's two largest economies set to expire in November.

China has dealt Nvidia another blow, finding the chipmaker in violation of the country's anti-monopoly Law and escalating a long-running regulatory headache into a full investigation. China's State Administration for Market Regulation (SAMR) said on Monday that its preliminary investigation found Nvidia violated the country's competition rules, as well as the terms of a conditional approval it granted in 2020 for one of Nvidia's acquisitions.