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French Authorities Raided Nvidia's France Office
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This is the best summary I could come up with:
The chipmaker is reportedly suspected of committing anticompetitive practices in the graphics cards sector.
The French Competition Authority didn't disclose the name of the company on which it conducted the raid.
The Wall Street Journal (WSJ) reported that sources familiar with the matter claimed that it was Nvidia.
"Such dawn raids do not pre-suppose the existence of a breach of the law which could be imputed to the company involved in the alleged practices, which only a full investigation into the merits of the case could establish, if appropriate," wrote the French Competition Authority in the report.
According to WSJ, dawn raids consist of the authorities showing up early in the morning to confiscate a company's physical and digital materials.
Nvidia's latest financial results show that the company pulled in $13.5 billion in revenue, a whopping 101% improvement from last year.
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