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Super Micro Co-Founder Exits Board As Nvidia Chip Smuggling Indictment Batters Stock [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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of smuggling equipment loaded with Nvidia's AI chips into China — a scheme that allegedly generated $2.5 billion in sales since 2024 in violation of U.S. export controls. What The Indictment Alleges A U.S. court unsealed the indictment Thursday, naming Liaw — Super Micro's senior vice president of business development, alongside general manager Ruei-Tsan “Steven” Chang and contractor Ting-Wei “Willy” Sun Don't Miss: Bad Ads Live Forever — See How This AI Helps Fortune 1000 Brands Avoid Them This Energy Storage Company Already Has $185M in Contracts—Shares Are Still Available Prosecutors allege the trio used a Southeast Asian company as a middleman, which generated fake paperwork suggesting it was the end user of the servers. A separate logistics firm then repackaged the hardware to conceal its destination before it was shipped on to China. The defendants also allegedly deployed “dummy” servers at the Southeast Asian company's facilities to deceive Super Micro's complianc
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