China Finds Nvidia Violated Antitrust Law After Initial Probe

China ruled that Nvidia Corp. violated anti-monopoly laws after concluding a preliminary investigation, ratcheting up the pressure on Washington during sensitive trade negotiations.

The US chipmaker was found in violation of antitrust regulations, the State Administration for Market Regulation said in a one-sentence statement , without elaborating. Nvidia’s shares fell 2.6% in pre-market trading.