Super Micro Shares Plunge 25% After Co-Founder Charged In $2.5 Billion AI Chip Smuggling Plot [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
Liaw, alleging Liaw and two others conspired to smuggle AI chips worth billions of dollars into China. The tech firm said it placed Yih-Shyan Liaw and one other employee on administrative leave. NurPhoto via Getty Images Key Facts Shares of Super Micro dropped by 25.3% to around $23 in premarket trading, pacing what would be the company's largest single-day loss since October 2024 (32%). Liaw, a senior vice president of business development, Ruei-Tsang Chang, a manager in Super Micro's Taiwan-based office, and Ting-Wei Sun, an outside contractor, were each charged with one count of violating U.S. export control law, one count of conspiring to smuggle goods from the U.S. and one count of conspiring to defraud the U.S., the Justice Department said Thursday. Prosecutors allege Liaw, Chang and Sun sold banned Nvidia-powered AI chips through a Southeast Asia company—identified as “Company-1”—and then forwarded those chips to China through third-party brokers, violating U.S. exp
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- Super Micro Co-Founder Charged in China AI Chip Smuggling Scheme [Yahoo! Finance]Yahoo! Finance
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NVDA
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- 3/20/26 - Form 4
- 3/20/26 - Form 4
- 3/20/26 - Form 4
- NVDA's page on the SEC website