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China accuses Nvidia of violating anti-monopoly laws China accuses Nvidia of violating anti-monopoly laws
(about 1 hour later)
China's market regulator has said US computer chipmaker Nvidia has violated Chinese anti-monopoly laws.China's market regulator has said US computer chipmaker Nvidia has violated Chinese anti-monopoly laws.
The country's market watchdog did not give details of how Nvidia had breached the rules, but said it would continue to investigate the matter.The country's market watchdog did not give details of how Nvidia had breached the rules, but said it would continue to investigate the matter.
It comes as US and Chinese officials are holding a second day of trade talks in Spain on Monday in the latest attempt to end a trade war between the world's two biggest economies. The news came as US and Chinese officials held a second day of trade talks in Spain on Monday in the latest attempt to end a trade war between the world's two biggest economies.
The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, also come as the deadline looms for the Chinese owner of TikTok to find a buyer or face a ban in America. Following the talks, US President Donald Trump hinted that a deal had been reached with China to avert a US ban on TikTok.
The social media app was facing a ban in America unless it found a US buyer.
The US-China trade talks in Spain were led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
Following the talks, Mr Bessent said: "We had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location."
Top level trade delegations from Beijing and Washington last met in July, when they struck a deal to extend their tariffs truce by another 90 days until 10 November.Top level trade delegations from Beijing and Washington last met in July, when they struck a deal to extend their tariffs truce by another 90 days until 10 November.
During this week's talks, officials are also expected to lay the groundwork for a potential meeting between Trump and Chinese President Xi Jinping as soon as October, when they are scheduled to attend a summit in South Korea.
The tariffs truce between China and the US cut import taxes that had reached more than 100% on each other's goods.The tariffs truce between China and the US cut import taxes that had reached more than 100% on each other's goods.
The extension gave them more time for negotiations about "unfair trade practices" and to address national security issues, the White House said.
China launched an investigation into Nvidia in December last year which was seen as the latest retaliation in a battle between the US and China over the semiconductor chip market.China launched an investigation into Nvidia in December last year which was seen as the latest retaliation in a battle between the US and China over the semiconductor chip market.
The US had been tightening restrictions on sales of certain exports to Chinese companies, including high-end semiconductors.The US had been tightening restrictions on sales of certain exports to Chinese companies, including high-end semiconductors.
The talks in Madrid are expected to address the issue of what chips, including those made by Nvidia, are allowed to enter China. The talks in Madrid were expected to address the issue of what chips, including those made by Nvidia, would be allowed to enter China.
The BBC has contacted Nvidia for comment.
China-US trade talks, headed by China's He Lifeng and Scott Bessent of the US, started on SundayChina-US trade talks, headed by China's He Lifeng and Scott Bessent of the US, started on Sunday
After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far.After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far.
The BBC has contacted Nvidia, the White House and TikTok for comment. Posting on his social media platform Truth Social, Trump said a deal was "reached on a 'certain' company that young people in our country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!"
Speaking to reporters on Sunday, Trump said: "We may let [TikTok] die. Or we may… I don't know. It depends. Up to China, it doesn't matter too much." There had been expectations that the deadline, which was due to expire on Wednesday, might be extended for a fourth time.
It came as expectations grow that the deadline, which is due to expire on Wednesday, will be extended for a fourth time. Although Trump was highly critical of TikTok during his first term in the White House, he softened his position after he gained popularity on the app during the 2024 presidential election.
Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found and called national security and privacy concerns related to the app and its Chinese parent company ByteDance "highly overrated".
Trump was highly critical of TikTok during his first term in the White House but softened his position after he gained popularity on the app during the 2024 presidential election.
In August, The White House launched its official TikTok account.In August, The White House launched its official TikTok account.
The app is one of the world's most widely-used social media platforms, with around 170 million users in the US.The app is one of the world's most widely-used social media platforms, with around 170 million users in the US.