Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

EU, Chinese, French regulators seeking info on graphic cards, Nvidia says

Published 24/11/2023, 15:18
© Reuters. NVIDIA HGX AI Supercomputer on display during the annual Foxconn Tech Day in Taipei, Taiwan October 18, 2023. REUTERS/Ann Wang/File Photo
NVDA
-

By Foo Yun Chee

BRUSSELS (Reuters) - Regulators in the European Union, China and France have asked for information on Nvidia's graphic cards, with more requests expected in the future, the U.S. chip giant said in a regulatory filing.

Nvidia is the world's largest maker of chips used both for artificial intelligence and for computer graphics. Demand for its chips jumped following the release of the generative AI application ChatGPT late last year.

The California-based company has a market share of around 80% via its chips and other hardware and its powerful software that runs them.

Its graphics cards (GPUs) are high-performance devices that enable powerful graphics rendering and processing for use in video editing, video gaming and other complex computing operations.

The company said this has attracted regulatory interest around the world.

"For example, the French Competition Authority collected information from us regarding our business and competition in the graphics card and cloud service provider market as part of an ongoing inquiry into competition in those markets," Nvidia said in a regulatory filing dated Nov. 21.

The French watchdog raided Nvidia's local office in September, a person familiar with the matter had told Reuters.

© Reuters. NVIDIA HGX AI Supercomputer on display during the annual Foxconn Tech Day in Taipei, Taiwan October 18, 2023. REUTERS/Ann Wang/File Photo

"We have also received requests for information from regulators in the European Union and China regarding our sales of GPUs and our efforts to allocate supply, and we expect to receive additional requests for information in the future," Nvidia said in the filing.

Separately, Nvidia has delayed the launch of a new China-focused AI chip, two sources familiar with the matter told Reuters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.