A message of the State Directorate for Market Control appeared against the rear of trade negotiations between the United States and China in Madrid.
The Chinese market regulator said the preliminary investigation revealed a violation of the antimonopoly law of the big American manufacturer of Nvidia chips. Reuters reported it.
It was noted that a message from the State Directorate for Market Control emerged against the rear of trade negotiations between the United States and China in Madrid, where the theme of semiconductors, particularly Nvidia products, is expected to be key.
According to analysts, the statement can be made specifically during negotiations to strengthen China’s position.
“Parties are trying to get the advantage for negotiations, take balanced steps, because they understand the seriousness of the bets,” Alfredo Montufar -Gelu Consulting Company Greenpoint explained.
Remember that Nvidia and AMD gave the USA a portion of income from selling chips to China.
It has also been reported that Nvidia became the first public company to cross the mark of a market capitalization of $ 4 trillion.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.