China accuses Nvidia of violating anti-monopoly laws

China’s market regulator has stated US pc chipmaker Nvidia has violated Chinese language anti-monopoly legal guidelines.

The nation’s market watchdog didn’t give particulars of how Nvidia had breached the foundations, however stated it could proceed to research the matter.

The information got here as US and Chinese language officers held a second day of commerce talks in Spain on Monday within the newest try to finish a commerce conflict between the world’s two greatest economies.

Following the talks, US President Donald Trump hinted {that a} deal had been reached with China to avert a US ban on TikTok.

The social media app was going through a ban in America unless it found a US buyer.

The US-China commerce talks in Spain had been led by US Treasury Secretary Scott Bessent and Chinese language Vice Premier He Lifeng.

Following the talks, Mr Bessent stated: “We had excellent discussions. We most popular to maintain the discussions on TikTok, we might be holding commerce negotiations in a few month once more at a special location.”

High degree commerce delegations from Beijing and Washington final met in July, once they struck a deal to increase their tariffs truce by one other 90 days till 10 November.

The tariffs truce between China and the US minimize import taxes that had reached more than 100% on one another’s items.

China launched an investigation into Nvidia in December last year which was seen as the most recent retaliation in a battle between the US and China over the semiconductor chip market.

The US had been tightening restrictions on gross sales of sure exports to Chinese language firms, together with high-end semiconductors.

The talks in Madrid had been anticipated to deal with the difficulty of what chips, together with these made by Nvidia, could be allowed to enter China.

The BBC has contacted Nvidia for remark.

After initially calling for TikTok to be banned throughout his first time period, Trump has reversed his stance on the favored video-sharing app and delayed the ban thrice to date.

Posting on his social media platform Reality Social, Trump stated a deal was “reached on a ‘sure’ firm that younger folks in our nation very a lot wished to save lots of. They are going to be very completely happy! I might be chatting with President Xi on Friday. The connection stays a really robust one!!!”

There had been expectations that the deadline, which was as a result of expire on Wednesday, may be extended for a fourth time.

Though Trump was extremely vital of TikTok throughout his first time period within the White Home, he softened his place after he gained recognition on the app through the 2024 presidential election.

In August, The White Home launched its official TikTok account.

The app is among the world’s most widely-used social media platforms, with round 170 million customers within the US.