Nvidia to Face French Antitrust Charges, Reuters Reports

--Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the company, Reuters reported.

-- The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year, which sources said targeted Nvidia, Reuters said.

--The raids were the result of a broader inquiry into cloud computing, Reuters reported.

--The French watchdog in a report issued last Friday on competition in generative AI cited the risk of abuse by chip providers, Reuters said.

Full article at https://www.reuters.com/technology/french-antitrust-regulators-preparing-nvidia-charges-sources-say-2024-07-01/

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

July 01, 2024 12:00 ET (16:00 GMT)

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