Nvidia(US:NVDA) 中国基金报·2025-09-15 08:42Core Viewpoint - Nvidia is under further investigation by China's State Administration for Market Regulation (SAMR) for allegedly violating the Anti-Monopoly Law of the People's Republic of China and the conditions set for its acquisition of Mellanox Technologies [2][4]. Group 1: Investigation Details - The investigation is related to Nvidia's $6.9 billion acquisition of Mellanox, which was approved in April 2020 with specific conditions aimed at addressing competition concerns [4]. - Nvidia had committed to supply its GPU accelerators and Mellanox's high-speed networking equipment to the Chinese market on fair, reasonable, and non-discriminatory terms [4]. - Recently, Nvidia has halted the supply of several GPU accelerator products to China, citing U.S. government export controls, which has led to dissatisfaction among Chinese enterprises [4]. Group 2: Market Reaction - Following the announcement of the investigation, Nvidia's stock dropped approximately 2% in pre-market trading, which also negatively impacted Nasdaq futures [5]. Group 3: Broader Context - Concurrently, discussions are taking place between the U.S. and China in Madrid regarding unilateral tariffs, export control abuses, and other economic issues [7]. - China's Ministry of Foreign Affairs has criticized U.S. actions as unilateral bullying and economic coercion, asserting that such measures threaten global supply chain stability [8].