Core Viewpoint - The article discusses China's recent countermeasures in the ongoing chip war with the United States, highlighting three specific actions taken against American semiconductor companies, particularly Nvidia, in response to U.S. export controls and anti-competitive practices [4][5][6]. Group 1: China's Countermeasures - On September 13, China initiated an anti-dumping investigation into American-made analog chips [4]. - On the same day, China launched an anti-discrimination investigation against U.S. measures affecting the integrated circuit sector [4]. - On September 15, China determined that Nvidia violated antitrust laws, leading to further investigations [4][9]. Group 2: Nvidia's Antitrust Issues - Nvidia recently received U.S. government approval to sell H20 chips to China but faced scrutiny from the Chinese government for alleged antitrust violations [8][9]. - The investigation relates to Nvidia's 2019 acquisition of Mellanox Technologies, which was approved under specific conditions to prevent anti-competitive practices [11][14]. - Nvidia's supply of H20 chips to China has been criticized for not adhering to fair and non-discriminatory principles, as the performance of these chips is significantly lower than their counterparts available in other markets [16][17]. Group 3: Impact on the Semiconductor Industry - The anti-dumping investigation targets analog chips, with significant price discrepancies noted, such as a dumping margin of 340.10% for certain products [24][25][26]. - Major U.S. companies like Texas Instruments, ADI, Broadcom, and ON Semiconductor are implicated, with their combined revenue in China exceeding $10 billion, indicating potential significant financial repercussions [33]. - Following the announcement of these investigations, Chinese semiconductor stocks surged, while U.S. counterparts like Texas Instruments experienced declines [33]. Group 4: Broader Trade Implications - The article suggests that the ongoing trade tensions involve not only direct actions like anti-dumping and antitrust investigations but also broader issues of discrimination in trade practices [35][36]. - The ultimate goal for China is to enhance its self-sufficiency in semiconductor manufacturing, reducing reliance on foreign technology [37][38].

Group 1 - China has initiated anti-dumping investigations against American semiconductor chips, marking a significant response in the ongoing chip war with the U.S. [1] - The investigations were triggered by the U.S. Department of Commerce's recent addition of 32 entities to the export control "entity list," including 23 from China involved in chip business [1][2] - The Chinese government has also launched an anti-discrimination investigation against U.S. measures in the integrated circuit sector [1] Group 2 - Nvidia is under investigation by China's State Administration for Market Regulation (SAMR) for violating antitrust laws, particularly related to its acquisition of Mellanox Technologies in 2019 [4][7] - The acquisition raised concerns due to Nvidia's dominant market share in GPU accelerators and Mellanox's significant presence in high-speed networking equipment [9][10] - Nvidia's H20 chip, which is being sold to China, has significantly reduced performance compared to its H200 counterpart, raising fairness concerns in supply [14] Group 3 - The anti-dumping investigation targets American analog chips, with reported dumping margins of 340% for certain products [22][30] - The investigation period is set from January 1, 2024, to December 31, 2024, with the domestic industry claiming significant harm due to price suppression by U.S. companies [23][30] - The outcome of the anti-dumping investigation could lead to substantial penalties for U.S. companies like Texas Instruments and Broadcom, which collectively earn over $10 billion in China [31][32] Group 4 - The Chinese government is also conducting an anti-discrimination investigation against U.S. trade practices, which may result in tariffs or restrictions on U.S. products [32] - The ultimate countermeasure for China may involve enhancing its self-reliance in semiconductor manufacturing capabilities [33][34]

Core Viewpoint - The National Market Regulation Administration of China has initiated further investigations into NVIDIA for allegedly violating the Anti-Monopoly Law and conditions set during the approval of its acquisition of Mellanox Technologies, indicating a serious breach of regulatory compliance [2][4][6]. Group 1: Investigation Background - NVIDIA is under investigation for a $6.9 billion acquisition of Mellanox Technologies, which was finalized in March 2019 at a price of $125 per share [7]. - The acquisition allowed NVIDIA to integrate Mellanox's technology, enhancing its capabilities in AI computing and networking, which has been pivotal in its recent market success [8]. Group 2: Regulatory Conditions - The acquisition was approved with specific conditions aimed at preventing anti-competitive practices, including a prohibition on forced bundling and ensuring fair supply to the Chinese market [9][10]. - The conditions were set to remain in effect for six years, after which NVIDIA could apply for their removal, contingent on market conditions [10]. Group 3: Potential Penalties - NVIDIA could face fines up to $8.5 billion if found in violation of the Anti-Monopoly Law, based on a percentage of its revenue in China [11][12]. - The regulatory scrutiny is part of a broader trend, as multiple semiconductor companies have faced similar investigations, indicating a tightening of market regulations in the industry [12]. Group 4: Market Impact - NVIDIA's stock fell nearly 3% following the announcement of the investigation, reflecting investor concerns over potential regulatory repercussions [6]. - The company has also faced challenges related to U.S. export restrictions, which have impacted its revenue from the Chinese market, further complicating its operational landscape [11][14].

大家好，关注一下英伟达的突发消息。 9月15日盘后，据市场监管总局网站，近日，经初步调查，英伟达公司违反《中华人民共和国反垄断法》和《市场监管总局关于附加限制性条件批准英伟 达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》，市场监管总局依法决定对其实施进一步调查。 【导读】英伟达，被进一步调查！ 有记者提问，"近日美方以中国进口俄罗斯石油为由，要求七国集团和北约成员国集体对华加征关税，推动中方在结束俄乌冲突上发挥作用。中方对此有 何评论？" 林剑表示，中国同包括俄罗斯在内的世界各国开展正常的经贸、能源合作正当合法，无可厚非。美方的做法是典型的单边霸凌和经济胁迫，严重破坏国际 经贸规则，威胁全球产业链、供应链安全稳定。 2024年12月9日，国家市场监管总局曾发布消息称，近日，因英伟达公司涉嫌违反《中华人民共和国反垄断法》及《市场监管总局关于附加限制性条件批 准英伟达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》（市场监管总局公告〔2020〕第16号），市场监管总局依法对英伟达公?开展立案 调查。此次调查是针对2020年英伟达以69亿美元收购迈络思的交易。 2020年4月，国家市场监督管理总局依 ...

中国基金报记者 泰勒 大家好，关注一下英伟达的突发消息。 9月15日盘后，据 市场监管总局网站， 近日，经初步调查，英伟达公司违反《中华人民共和国反垄断法》和《市场监管总局关于附加限制 性条件批准英伟达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》，市场监管总局依法决定对其实施进一步调查。 【导读】 英伟达，被进一步调查！ 2024年 12月9日 ，国家市场监管总局曾发布消息称，近日，因英伟达公司涉嫌违反《中华人民共和国反垄断法》及《市场监管总局关于 附加限制性条件批准英伟达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》（市场监管总局公告〔2020〕第16号），市场监 管总局依法对英伟达公司开展立案调查。此次调查是针对2020年英伟达以69亿美元收购迈络思的交易。 2020年4月，国家市场监督管理总局依法附加限制性条件批准英伟达收购迈络思。 英伟达提交了解决该交易带来竞争问题的措施，作出了 明确承诺，其中就包括"交易双方和集中后实体应依据公平、合理、无歧视原则向中国市场继续供应英伟达GPU加速器、迈络思高速网络互 联设备和相关软件、配件"等。 而近年来，英伟达以美国政府不断扩大半导体出口管制为 ...