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Nvidia shares fall as China launches antitrust investigation into company

www.theguardian.com 09-12-2024 05:57 1 Minutes reading

Tech corporation suspected of violating anti-monopoly law after Washington’s latest curbs on Chinese chip sector

China said on Monday it had launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector.

The statement from the State Administration for Market Regulation (SAMR) announcing the investigation did not elaborate on how the US company, known for its artificial intelligence (AI) and gaming chips, might have violated China’s anti-monopoly laws.

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Rolls-Royce to invest £300m in expansion of Goodwo...
08.01.25 12:01
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Rolls-Royce to invest £300m in expansion of Goodwood factory

Luxury carmaker driven to meet demand for bespoke upgrades, after recording third-highest annual sales in 2024

Rolls-Royce Motor Cars has said it will invest £300m in expanding its Goodwood factory in West Sussex to meet the growing demand for bespoke upgrades, after the luxury carmaker recorded its third-highest annual sales in 2024.

The investment will extend the luxury carmaker’s manufacturing facility as it gradually moves away from V12 petrol engines to battery electric vehicles, as well as increasing its capacity to fulfil the whims of some of the world’s richest people.

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