Nvidia faces French probe over anti-competitive practices (NASDAQ:NVDA)
Nvidia (NASDAQ:NVDA) is facing a probe over alleged anti-competitive practices, the French antitrust regulator (Autorité de la concurrence) confirmed on Monday.
The AI computing firm would be charged “if the investigation is fruitful,” said Benoit Coeure, president of the agency, at a press briefing.
The action follows a Reuters report earlier this month claiming that the company was set to be charged by the French watchdog.
The French so-called statement of objections would follow dawn raids in the graphics cards sector, which sources said targeted Nvidia (NVDA).
In September last year, Nvidia’s (NVDA) local offices were reportedly raided by the French competition agency on suspicion that the chipmaker engaged in anticompetitive practices.
The raids were the result of a broader inquiry into cloud computing on concerns that cloud-computing firms could use their access to computing power to exclude smaller competitors.
The Autorité de la concurrence becomes the first enforcer to act against the computer chipmaker.
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