Nvidia ‘happy to answer any questions’
Print Edition
CHIP giant Nvidia has responded to a China antitrust investigation by saying it is “happy to answer any questions regulators may have.”
The response came after the State Administration of Market Regulation said on Monday night it would launch an antitrust investigation of Nvidia’s acquisition of Mellanox, an Israeli-American supplier producing high-speed Ethernet cards and specializing in network interconnect equipment, including network interface cards, switches, and cables.
The case traces back to April 2020 when Nvidia announced it would acquire Mellanox for US$6.9 billion. After the acquisition, Nvidia integrated Mellanox’s technology into the development of its core data center GPU products.
As required by international acquisitions, the deal needs approval from relevant countries. Although Chinese regulators approved the deal then, they imposed several antitrust conditions to prevent post-merger monopolistic risks, which Nvidia had to comply with, Jiemian.com reported yesterday.
The restrictive conditions can be reviewed six years after they take effect, at which point Nvidia can apply to the regulator for their removal. Until officially lifted, the conditions remain in effect and, if Nvidia fails to comply, the regulator can take action according to the relevant provisions of the Anti-Monopoly Law.
When approving the acquisition earlier, the SAMR explicitly stated that the merger of Nvidia and Mellanox could potentially have anti-competitive effects in the global and Chinese markets for GPU accelerators, specialized network interconnect equipment, and high-speed Ethernet adapters.
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