Nvidia shares fall as China launches antitrust investigation into company

Tech corporation suspected of violating anti-monopoly law after Washington’s latest curbs on Chinese chip sector

China said on Monday it has launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector.

The statement from the State Administration for Market Regulation (SAMR) announcing the investigation did not elaborate on how the US company, known for its artificial intelligence (AI) and gaming chips, might have violated China’s anti-monopoly laws.