The chip maker is under investigation by China's State Administration for Market Regulation. ...

Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023.Qualcomm shares fell on Friday after Chinese regulators said it would investigate the American tech giant's acquisition of chip firm Autotalks, ramping up tensions between the U.S. and China ahead of key meetings between the country's leaders this month.Shares were last around 3% lower in premarket trading.China's State Administration of Market Regulation (S ...

Apple has called for the European Commission to repeal a swathe of technology legislation, warning that unless it is amended the company could stop shipping some products and services to the 27-country bloc.In the latest of a series of clashes with Brussels, the iPhone maker said the Digital Markets Act was leading to a worse experience for Apple users, exposing them to security risks, and disrupting the seamless way Apple products work together.The Silicon Valley company hit out in a submission to the comm ...

Group 1 - TikTok owner ByteDance faces a deadline to divest its US operations by Wednesday or risk a shutdown in the US [1] - US officials indicated that there was a misunderstanding from China regarding the US position on TikTok, and technical aspects of the divestiture have been worked out [1] - Trade talks are ongoing in Madrid between US Treasury Secretary Scott Bessant, US Trade Representative Jameson Greer, and their Chinese counterparts [2] Group 2 - South Korea's Cosby index reached a record high after ten consecutive sessions of gains, influenced by the government's decision to scrap plans to raise taxes on stock investments [2][3] - The CEO of Swatch announced a price increase of 5% to 15% for US markets, following a 39% tariff imposed by President Trump on Switzerland [3] - Nvidia is under preliminary investigation by China for violating anti-monopoly laws, resulting in a 2.4% decline in its stock price [4]

Some fascinating news out of Nvidia just a few moments ago. Shares are lower pre-market after China's market regulator said a preliminary investigation found the chipmaker violated the country's anti- monopoly law. The stock is down 2% in extended trade.Arjun, how significant is this news. Well, just a bit of context first. This is an investigation that was opened late last year by the state administration for market regulation over in China and it was uh in relation to an acquisition that Nvidia closed in ...

Core Viewpoint - Nvidia is facing an investigation by China's market regulator for allegedly violating anti-monopoly laws, which could impact its operations in one of its largest markets [1][3]. Group 1: Investigation Details - China's State Administration for Market Regulation (SAMR) initiated an investigation into Nvidia regarding its acquisition of Mellanox and related agreements [2]. - The acquisition of Mellanox, a company specializing in network solutions for data centers, was completed in 2020 and initially approved by China under certain conditions [2]. - The preliminary findings of the SAMR indicate that Nvidia may have breached these anti-monopoly conditions during the acquisition process [3]. Group 2: Market Impact - Following the news of the investigation, Nvidia's shares experienced a decline of approximately 2% in premarket trading [1].

Core Viewpoint - China is continuing its investigation into Nvidia due to preliminary findings indicating that the company has violated the country's anti-monopoly law [1] Group 1 - The investigation is being conducted by China's market regulator [1] - Preliminary findings suggest that Nvidia's actions may have breached anti-monopoly regulations [1]

The Nvidia Corp. logo. Photographer: Annabelle Chih/Bloomberg China ruled that Nvidia Corp. violated anti-monopoly laws with a high-profile 2020 deal, ratcheting up the pressure on Washington during sensitive trade negotiations. The US chipmaker was found in violation of antitrust regulations after the acquisition of networking gear maker Mellanox Technologies Ltd., the State Administration for Market Regulation said after concluding a preliminary investigation. Nvidia’s shares fell about 2% in pre-marke ...

Core Viewpoint - Google is facing a significant anti-monopoly lawsuit that could potentially lead to its breakup, and it has agreed to lift a gag order that previously restricted employees from discussing the case [1][3][4]. Group 1: Legal Developments - The U.S. Department of Justice and several states, including California, have filed an anti-monopoly lawsuit against Google, claiming it holds a monopoly over internet search [3][7]. - The judge overseeing the case, Amit Mehta, has already declared that Google holds a monopoly on internet search, with hearings set to begin on April 21 [5][3]. - The Justice Department is demanding that Google not only be barred from making preferential deals but also divest its Chrome internet browser, which is seen as a protective barrier for its digital advertising business [7]. Group 2: Employee Rights and Union Actions - The Alphabet Workers Union-CWA filed a charge against Google, claiming that the company's order to restrict employee discussions about the lawsuit violated federal labor law [2][4]. - Following a settlement, Google rescinded the order that limited employees' ability to discuss the case, which the union described as a crucial moment for workers [3][4]. - Google stated that the previous order had no effect on employees' rights to discuss their job conditions and emphasized that employees have always been free to talk about their employment [6]. Group 3: Company Position and Response - Google has characterized the anti-monopoly lawsuit as "deeply flawed," asserting that users choose Google voluntarily rather than being forced to use it [8]. - The company has expressed concerns that divesting Chrome would harm the browser and give competitors like Apple an advantage [8]. - Google is also involved in a second anti-monopoly lawsuit regarding its advertising software, which it denies holding a monopoly over [12].

Company Acquisition - Google parent Alphabet is acquiring cloud security firm Wiz for $32 billion in cash, marking its largest acquisition to date [2] - The acquisition is expected to enhance Google's cloud security platform and may trigger further corporate buyouts in the industry [2] Housing Market Insights - Housing Starts increased by 11.2% to 1.50 million annualized units in February, surpassing expectations of 1.38 million [3] - Single-family units rose by 11% and multi-family units by 12%, although both categories remain down year-over-year [4] - Building Permits slightly exceeded estimates at 1.456 million, but were down 1.2% from the previous month [5] Trade Data - The Import Price Index rose by 0.4% in February, matching the previous month's increase and marking the highest levels since April 2024 [6] - Exports increased by 0.1% in February, reversing an expected decline, with a year-over-year growth of 2.1% [7] NVIDIA Developments - NVIDIA CEO Jensen Huang is set to deliver a keynote address at the GPU Technology Conference, addressing expectations for AI development [9] - NVIDIA shares have decreased by 11% year-to-date after experiencing a significant increase of over 2200% in the past five years [9]