They have handed out over $35 million in fines this year, with the largest being $27.25 million in 2018.
And of course with that said, $27 million is nowhere near enough to hurt a company like NVIDIA, which pulls in SIX BILLION DOLLARS per quarter. Even if they slapped down a 30 million fine, that'd be less than half a day's revenue, and basically says "this is perfectly acceptable behaviour in our country, thank you for dining, here's the bill, no tip required, come again".
For megacorporations like NVIDIA, "a million" is not a big number, it's passive income that rolls in over a lunch break. Real fines for megacorps need to "b" rather than "m" to actually matter.
This is an overcorrection to OPs comment. If Nvidia knew about the very real risk of fire but continued to push unsafe products with misleading statements, that is a significant problem and hints at a fundamental rot within the company.
Setting the houses of their customers on fire is a small problem??
Melting connectors is not all that uncommon of an issue with shoddy electronics. Well designed hardware rarely has this problem, but if you buy enough no-name import junk, you'll probably run into this with other products. (I have) Most of the time it does not cause a fire.
This isn't okay, but it also isn't Surfside condo collapse levels of bad.
The current provided from a base-spec USB charger is enough to start a fire, given the right (er... wrong) conductor. Plenty of us remember lighting Estes rocket motors with flashlight batteries (zinc carbon, no less) as a kid.
This is despite the use of a good conductor.
And the issue is that when the power source is that much more powerful you're more likely to make whatever is nearby catch fire.
This isn't an "insane fine" or a "relatively small problem."
These things are dangerous and they had to know that they were dangerous when they shipped them. They deserve to get financially nuked for being so ridiculously irresponsible. Companies that put profits ahead of consumer safety shouldn't be allowed to have profits.
On the other hand, this seems to be "they knew about it and went ahead anyway" a la Boeing 737 MAX, which is many, many levels above and it should be the equivalent to a financial nuke, IMHO. Recoverable, but something that is talked about in the company for the next 15 years.
Dare I say, if there's provably a person who was presented with this as a problem and overrode the decision so as not to delay the problem, there should be criminal liability for them?
The consequences are not small, and the action was apparently fully informed. Those two things combined constitute a very Big Deal deserving no forgiveness at all.