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US chipmaker Nvidia is under scrutiny in China, with the country's market regulator alleging that it has violated Chinese anti-monopoly laws. While the regulator did not specify how Nvidia breached the rules, it announced it would continue its investigation. Nvidia responded by asserting its compliance with the law and pledging to cooperate with all relevant government agencies.
The news came as US and Chinese officials held a second day of trade talks in Spain on Monday in the latest attempt to end a trade war between the world's two biggest 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 facing a ban in America unless it found a US buyer.
The US-China trade talks in Spain were led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
Following the talks, Mr Bessent said: "We had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location."
Top level trade delegations from Beijing and Washington last met in July, when they struck a deal to extend their tariff truce by another 90 days until 10 November. The tariff truce between China and the US cut import taxes that had reached more than 100% on each other's goods.
China launched an investigation into Nvidia in December last year which was seen as the latest retaliation in a battle between the US and China over the semiconductor chip market. The US had been tightening restrictions on sales of certain exports to Chinese companies, including high-end semiconductors.
The talks in Madrid were expected to address the issue of what chips, including those made by Nvidia, would be allowed to enter China.
Nvidia said in a statement: "We will continue to cooperate with all relevant government agencies as they evaluate the impact of export controls on competition in the commercial markets."
