China accuses Nvidia of violating anti-monopoly laws

China has accused Nvidia, the US-based semiconductor company, of violating anti-monopoly laws. The accusation comes amid ongoing talks between the US and China to de-escalate the ongoing trade war between the two nations. The Chinese government has alleged that Nvidia's proposed $40 billion acquisition of Arm, a UK-based chip designer, would create a monopoly in the semiconductor industry. This move is seen as a potential obstacle to the completion of the deal, which is currently under review by regulators around the world. The Chinese authorities have not provided specific details about the alleged violations, but the accusation highlights the increasing scrutiny of mergers and acquisitions in the technology sector, particularly in the context of the ongoing US-China trade tensions. The outcome of this case could have far-reaching implications for the global semiconductor industry and the ongoing power struggle between the world's two largest economies.