🌋 France Targets Nvidia in Antitrust Investigation
posted 2 Jul 2024
France's antitrust authority is preparing to bring charges against Nvidia for alleged anticompetitive behavior. If these charges are filed, it would be the first major antitrust challenge for the chip developer, potentially resulting in a substantial fine.
Regulators have been examining possible misconduct by Nvidia, as its products are widely used in cloud computing and AI applications. Should the case proceed unfavorably, the company could be fined up to 10% of its global turnover, approximately $6 billion.
Nvidia has refrained from commenting on these developments. Nonetheless, company officials have previously acknowledged that regulators from countries such as China, France, and the US have requested information about their chips. Early indications suggest that the European Commission does not plan to broaden its investigation at this time.
The chipmaker is likely to seek cooperation with the authorities to reduce the potential fine. Concurrently, the US Department of Justice and the Federal Trade Commission are also investigating the company for possible antitrust law violations.
More breaking news
More breaking news
Breaking news
✨ Free Sports Gear from The Sandbox
Breaking news
⚡ Tangem and Visa Partner to Launch New Crypto Wallet
Breaking news
✨ Vitalik Buterin Documentary Nears Completion
