Supermicro—Accused of Smuggling $2.5 Billion in Nvidia Chips and Servers to China Has Been Here Before, with Iran

Supermicro—accused of smuggling $2.5 billion in Nvidia chips and servers to China has been here before, with Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

DOJ Indicts Supermicro Co-Founder in $2.5 Billion AI Server Diversion Scheme Targeting China

A federal grand jury indicted three men connected to Super Micro Computer, Inc. (SMCI) on March 19 for allegedly diverting approximately $2.5 billion worth of AI servers to China in violation of U.S. export control laws, the U.S. Attorney’s Office for the Southern District of New York announced.The defendants are Yih-Shyan “Wally” Liaw, 71, Supermicro’s co-founder, board member, and Senior Vice President of Business Development; Ruei-Tsang “Stev…

Super Micro’s Co-Founder Just Got Arrested for Smuggling Nvidia Chips to China

If you thought Super Micro Computer had run out of ways to terrify its shareholders, you haven’t been paying attention. The AI server darling lost a third of its market value on Friday after federal prosecutors unsealed an indictment alleging that co-founder Wally Liaw orchestrated a scheme to illegally funnel $2.5 billion worth of Nvidia-powered servers to China. SMCI shares cratered 33% in a single session — one of the worst single-day drops i…