Meta Fined €251 Million in Ireland for Data Breach
Irish Data Protection Commission (DPC) fined Meta Platform Ireland €251 million after two inquiries into a data breach that impacted approximately 29 million global Facebook accounts.
China started an investigation of Nvidia for allegedly violating anti-monopoly laws related to its 2020 acquisition of Mellanox Technologies. The State Administration for Market Regulation stated it is looking at violations of conditions tied to its decision to approve the acquisition after an anti-monopoly review.
The move comes less than a week after the US widened export controls to limit Chinese companies’ access to advanced chip technologies, which was followed by China’s Ministry of Commerce banning the export of a range of strategic minerals. Nvidia stated it is happy to answer any questions regulators may have.
In 2020, the Chinese government approved the deal with conditions. They required that the Israel-based computer networking equipment company share information about new products with rivals within 90 days of making them available to Nvidia.
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