China Investigates Possible Monopoly of Chip Company Nvidia

China’s market regulator has opened an investigation into Nvidia, the top AI chipmaker suspected of violating anti-monopoly laws in a significant deal in 2020, state broadcaster CCTV reported. The investigation focused on Nvidia’s recent moves and its purchase of Mellanox Technologies four years ago. The Chinese government approved the $7 […]

iPhone Maker Foxconn’s Revenue Plummets Despite Restart in China

iPhone producer Foxconn reported a sharp decline in revenue last month, despite increased sales following the reopening in China. In February, its turnover fell by almost 12 percent to 12.2 billion euros after conversion, according to the Taiwanese company yesterday. The company’s massive iPhone assembly complex in the Chinese city […]