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Nvidia has said it has not been subpoenaed in the Department of Justice’s ongoing investigation into the semiconductor giant, contradicting earlier reports.
However, in a statement on Wednesday afternoon, NVIDIA said it had “inquired” about the matter with the Department of Justice but had not received a subpoena.
“We have contacted the U.S. Department of Justice but have not received a subpoena,” the company told Business Insider in a statement, “However, we are happy to answer any questions regulators have about our business.”
Bloomberg followed suit Wednesday night. Report The Justice Department has sent a civil investigative demand to Nvidia, citing people familiar with the matter.
The subpoenas would mark an escalation in the Justice Department’s investigation. DOJ lawyers have sent questions to several companies in the past, Bloomberg reported. But the subpoenas sent to Nvidia and other tech companies would mark another step in the investigation moving closer to possible lawsuits, Bloomberg reported, citing anonymous sources.
“NVIDIA won on merit, as reflected in the benchmark results and the value to customers, who can choose the solution that’s best for them,” a company spokesman said in a statement.
Business Insider has reached out to the Department of Justice for comment.
Federal agencies are investigating potential antitrust issues on multiple fronts, according to previous reports.
Justice Department officials are investigating whether Nvidia’s dominance makes it difficult for buyers to use other suppliers, Bloomberg reported, citing people familiar with the matter. Some advocacy groups have said Filed a complaint Nvidia is threatening customers who use chips from both Nvidia and its competitors.
According to PoliticoJustice Department lawyers are also investigating Nvidia’s acquisition this year of Run:ai, a company that makes it possible for computer chips to run efficiently.
Meanwhile, the Federal Trade Commission is investigating whether Microsoft and OpenAI violated antitrust laws through their partnership, with OpenAI using Nvidia chips to train the large-scale language models that form the backbone of its products, including ChatGPT.
Nvidia stock price Suffered Broader market crashIt fell nearly 10% on Tuesday and then fell slightly again on Wednesday.
Update — Sept. 4, 2024: This story has been updated to reflect Nvidia’s latest statement denying that it received a subpoena from the Department of Justice.
