China’s market regulator has announced that US chipmaker Nvidia has infringed upon the country’s anti-monopoly laws.
While the regulator did not specify the nature of Nvidia’s violations, it indicated that the investigation into the matter would continue.
This announcement coincides with ongoing trade discussions between US and Chinese officials in Spain, marking the second day of talks aimed at resolving the trade conflict between the two largest economies in the world.
The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are taking place as the deadline approaches for the Chinese owner of TikTok to secure a buyer or risk a ban in the United States.
The last high-level trade meeting between Beijing and Washington occurred in July, resulting in an agreement to extend their tariff pause for an additional 90 days until November 10.
During this week’s discussions, officials are also expected to prepare for a possible meeting between President Trump and Chinese President Xi Jinping, which could take place in October during a summit in South Korea.
The tariff pause between China and the US has reduced import taxes that had exceeded 100% on each other’s products.
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This extension provides both sides with additional time to negotiate over “unfair trade practices” and to tackle national security concerns, according to the White House.
China initiated an investigation into Nvidia last December, viewed as part of the ongoing conflict between the US and China regarding the semiconductor market.
The US has been imposing stricter controls on the sale of certain exports to Chinese firms, particularly high-end semiconductors.
The discussions in Madrid are anticipated to focus on which chips, including those produced by Nvidia, are permitted to enter China.
