NVIDIA pointed out that "it was hiding the demand for virtual currency," and agreed with a fine of about 700 million yen. U.S. government agency is Tsukkomi
The US Securities and Exchange Commission (SEC) announced on May 6 that the agency accused of NVIDIA and the NVIDIA paid for $ 55 million (approximately 710 million yen). According to SEC, NVIDIA had unauthorizedly concealed the effects of cryptocurrency -related sales.
NVIDIA is a semiconductor manufacturer based in the United States. Gamers will be familiar with GPUs such as the GeForce series. On the other hand, GPUs are also strong in demand other than gamers. Since the GPU is suitable for the mining of cryptocurrencies, the GPU and the mounted graphic boards have been exposed due to the prosperity of cryptocurrencies. In response to such a tendency, the company incorporates specifications that reduce performance when using mining in gamers. On the other hand, mining GPUs are also developed. We have been developing products to both sides while separating games and mining. Cryptocurrency mining is a source of demand that supports the company's performance.
According to the SEC announcement, NVIDIA had concealed the effects of cryptocurrency mining in the increase in sales in the 2018 fiscal year. The company concealed information in the 2018 fiscal year, out of the quarterly performance report (Form 10-Q), which is required to submit to the SEC. Game -related businesses have increased due to cryptocurrency mining, and they have not disclosed them, despite the fact that the company knew the situation. The SEC also states that NVIDIA disclosed the effects of cryptocurrency for non -game -related departments. In other words, he pointed out that he tried to hide the highly variable factor of mining demand and give the impression that the NVIDIA game business is stable.
SEC also said that a series of NVIDIA's series violates the country 1933 securities and 1934. The NVIDIA side did not clarify the SEC survey results, but agreed to pay the same action and pay a fine of $ 5.5 million. Regarding the movement of NVIDIA, SEC Kristina Littman commented, "I have taken important information from investors to evaluate business in the important market of NVIDIA." She emphasizes that the business is accurate and perfect and has to disclose timely information.
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