Bloomberg reported yesterday that the U.S. Department of Justice issued subpoenas to chipmaker Nvidia and other companies, seeking evidence to investigate whether the company violated antitrust laws. However, Huida said today that it had contacted the government agency but had not received a subpoena.
"Huida wins by strength, which is reflected in our benchmark results and value to customers, who can choose whichever solution works best for them." The company said in a statement: "We have asked the U.S. Department of Justice "We have not yet received a subpoena. Nonetheless, we are happy to answer any questions that regulators may have about our business."
Bloomberg reported yesterday, citing people familiar with the matter, that antitrust officials are concerned that Huida is making it more difficult for customers to switch to other suppliers and punishing buyers who do not exclusively use its AI chips. Amid the Justice Department investigation, regulators have been looking into Huida's acquisition of RunAI, amid concerns that the acquisition would make it harder for customers to switch to non-Huida chips.
Huida shares closed down about 9.5% on Tuesday and were still down 1.66% at $106.21 on Wednesday. Huida's stock price did not fluctuate significantly in after-hours trading following the news that it denied receiving a subpoena from the Department of Justice.
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