nvidia -- china export controls investigation
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investigation overview
| Status | Pre-litigation investigation |
| Announced | March 2025 |
| Investigating Firms | Schall Law Firm, Levi & Korsinsky |
| Stock Drop | -8.8% on wsj report |
| H20 Charge | ~$5.5 billion |
background
multiple law firms are investigating whether nvidia issued false and/or misleading statements regarding chinese buyers circumventing u.s. export controls to order nvidia’s latest ai chips.
key events
- march 2, 2025: wall street journal reported “chinese buyers are ordering nvidia’s newest ai chips, defying u.s. curbs.” shares fell 8.8%
- april 2025: nvidia disclosed the u.s. would limit sales of h20 chips to china, requiring export licenses. nvidia disclosed approximately $5.5 billion in expected charges related to h20 inventory and prior sales
- september 2025: china’s market regulator found nvidia violated anti-monopoly law related to its 2020 mellanox acquisition
- december 2025: doj charged individuals in a $160 million gpu smuggling scheme (operation gatekeeper)
no formal class action complaint has been filed as of february 2026.
sources
last updated: february 22, 2026