Nvidia said to receive subpoena from DOJ over antitrust probe: report
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
BING-JHEN HONG
- Nvidia (NASDAQ:NVDA) and other companies have received a subpoena tied to the Dept. of Justice’s probe into the Jensen Huang-led company on concerns that it violated antitrust laws, Bloomberg reported.
- U.S. officials previously reached out to several Nvidia competitors, including AMD (AMD), Intel (INTC) and AI chip startups, to collect information about the complaints, the news outlet added. The officials are concerned that Nvidia is making it harder to switch to competitors, the news outlet added, citing people familiar with the matter.
- Nvidia owns approximately 80% of the artificial intelligence accelerator market
- Nvidia told Seeking Alpha last month that it competes “based on decades of investment and innovation, scrupulously adhering to all laws, making NVIDIA openly available in every cloud and on-prem for every enterprise, and ensuring that customers can choose whatever solution is best for them.”
- Nvidia added that it would continue to support aspiring innovators in every industry and market and would provide any information regulators need.