SK海力士，被波及？

Core Viewpoint - China is tightening regulations on global semiconductor companies, particularly targeting Nvidia amid ongoing US-China trade tensions, with potential implications for South Korean firms as well [2][3]. Group 1: Nvidia's Situation - Nvidia is under investigation by China's State Administration for Market Regulation (SAMR) for alleged violations of antitrust laws related to its $6.9 billion acquisition of Mellanox, which was approved with conditions [2][3]. - The SAMR may impose fines ranging from 1% to 10% of Nvidia's previous year's revenue based on the investigation's findings [2]. Group 2: Impact on South Korean Companies - SK Hynix is also facing challenges, having received conditional approval for its acquisition of Intel's NAND business, which includes price controls and supply commitments to the Chinese market [3][4]. - The conditions imposed on SK Hynix's acquisition will remain in effect until at least December 2026 unless explicitly lifted by SAMR [3]. Group 3: Regulatory Environment - The SAMR has historically been the final gatekeeper for semiconductor mergers, often delaying approvals and imposing stringent conditions [4]. - Recent actions by the US government have further complicated the situation for South Korean companies, including the revocation of "validated end-user" status for their Chinese factories, impacting semiconductor equipment shipments [4].