SOURCE / ECONOMY
Nvidia responds claims of product removal from online store, refutes untrue allegations of cutting off supply to China, stressing nation as important market
Published: Dec 12, 2024 09:22 PM
Photo:VCG

Photo:VCG



 
Nvidia said on Thursday on its official Chinese Weibo account that recent online allegations of  Nvidia's cutting off supply to China were false rumors.  

China is an important market for Nvidia. The company will uphold the customer-first principle and  continue to provide top-quality and efficient products and services to Chinese consumers, the company said.
 
The response came after online information claimed that the company's official Tmall shop was cleared on Thursday, according to yicai.com.   As of press time, searches of Nvidia's Tmall page still do not display any products.

The response also came after the State Administration for Market Regulation (SAMR), China's top market regulator, announced on Monday that it has launched an investigation into Nvidia over suspected violations of China's Anti-monopoly Law and a notice on the 2020 antitrust review decision regarding the approval of Nvidia's acquisition of chip designer Mellanox Technologies with additional restrictive conditions.  

Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on the same day the investigation is a normal regulatory operation conducted by the SAMR in accordance with laws and regulations, and such an antitrust probe does not target any specific enterprise.

Last month, Wang Shouwen, China's vice commerce minister, met with Jay Puri, executive vice president of Worldwide Field Operations at Nvidia, in Beijing, where the two sides discussed various topics, including Nvidia's development in China, according to a release by China's Ministry of Commerce (MOFCOM) on November 25.

Global Times