Business Brief (Sept. 16): China Opens Further Antitrust Probe Into Nvidia
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China opens further antitrust probe into Nvidia
The State Administration for Market Regulation said Nvidia violated China’s Anti-Monopoly Law and the agency’s prior conditions attached to the Mellanox acquisition, and announced a further investigation.
U.S.-China talks outline a TikTok framework
China’s international trade negotiator and vice commerce minister Li Chenggang said both sides held talks in Madrid and reached a basic framework consensus to resolve the TikTok issue cooperatively, reduce investment barriers, and promote economic and trade cooperation.
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- China launched a further antitrust investigation into Nvidia and eased cross-border investment forex rules; U.S.-China talks reached a basic framework on TikTok.
- U.S. urged G7/NATO tariff hikes on China, drawing Chinese opposition; XPeng began localized production in Austria in Q3 2025.
- Nationwide second-hand home prices fell for 50 months; Elon Musk bought over $1 billion in Tesla shares; CATL’s sodium battery passed new national standards.
- Nvidia
- Nvidia is facing an antitrust investigation in China. The State Administration for Market Regulation is looking into whether Nvidia violated China’s Anti-Monopoly Law and prior conditions related to its acquisition of Mellanox.
- Mellanox
- The article does not contain information about "美光科技" (Chinese for Micron Technology). However, it mentions Mellanox in relation to China's antitrust probe into Nvidia. The State Administration for Market Regulation is investigating Nvidia for violating China's Anti-Monopoly Law and prior conditions related to the Mellanox acquisition.
- XPeng Inc.
- XPeng Inc. (小鹏汽车) has initiated localized production in Europe through Magna's factory in Austria. This project began in Q3 2025, and the first XPeng G6 and G9 models have already been produced.
- Tesla
- Elon Musk purchased over 2.5 million Tesla shares, valued at approximately $1 billion.
- Contemporary Amperex Technology Co. Ltd.
- Contemporary Amperex Technology Co. Ltd. (CATL) announced that its sodium battery has successfully passed the new national standard certification. This achievement makes it the world's first sodium-ion battery to meet this new national standard.
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