Nvidia Responds to DOJ Inquiry Over Chip Business

Nvidia recently clarified that it has not received a subpoena from the U.S. Department of Justice (DOJ). The company responded to a Bloomberg report indicating that a civil investigative demand (CID) had been issued, focusing on its acquisition of Run AI and its chip business dealings. The report emphasized that a CID is not equivalent to a subpoena but is a preliminary step in regulatory inquiries. Nvidia stated it is open to addressing any questions posed by regulators and is committed to transparency throughout the process. This situation comes against the backdrop of ongoing scrutiny within the semiconductor industry, with regulatory bodies increasingly focusing on acquisitions and market practices. The DOJ's interest in Nvidia began as early as June, with the inquiry centering on whether the company's business practices violate any legal provisions. Throughout this inquiry, Nvidia positions itself as cooperative and willing to engage with the authorities, aiming to clarify any concerns that may arise regarding its market actions.