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Super Micro shares tank 33% after employees charged with smuggling Nvidia chips to China [MSNBC.com]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
A Southeast Asian company, acting as a middleman, compiled fake paperwork to appear as if it would be using the servers and had a separate logistics firm repackage the servers to conceal them before going to China, according to the indictment.The defendants tried to fool the server maker's compliance team with "dummy" servers at the Southeast Asian company's storage facilities, while the real servers had already been forwarded to China, and pressured the compliance team into approving shipments, according to the indictment. The defendants allegedly also employed "dummy" servers during a visit from a U.S. export control officer.The efforts have yielded around $2.5 billion in sales for the server maker since 2024, with servers sold for $510 million between late April 2025 and mid-May 2025 going to the Southeast Asian company and on to China, the indictment said. The plaintiff said the server maker had no U.S. Commerce Department license to export servers featuring Nvidia GPUs to China.C
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