Keyword → chip smuggling

Super Micro Computer Plunges 28% After DOJ Charges Co-Founder in $2.5 Billion AI Chip Smuggling Scheme to China

Super Micro Computer shares collapsed nearly 28% on Friday after the U.S. Department of Justice unsealed criminal charges against co-founder Yih-Shyan 'Wally' Liaw and two associates for allegedly orchestrating a $2.5 billion scheme to smuggle advanced AI servers packed with Nvidia GPUs to China through Southeast Asian shell companies, in direct violation of U.S. export control laws. The indictment — described by prosecutors as the highest-profile AI technology smuggling crackdown to date — sent shockwaves through the AI hardware supply chain.