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Three men charged with illegally smuggling advanced AI chips into China [MSNBC.com]

NVIDIA Corporation (NVDA)  More Company Research Source: MSNBC.com
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Three people affiliated with server maker Supermicro were charged Thursday in connection with allegations they conspired to smuggle advanced Nvidia chips into China, in violation of U.S. export controls barring their sale to China without a license.The indictmentThe Department of Justice said Liaw, a U.S. citizen who co-founded Supermicro, and Sun, a citizen of Taiwan, were arrested today while Chang, also a citizen of Taiwan, remains a fugitive.The three men are each charged with a count of conspiring to violate the Export Controls Reform Act, carrying a maximum prison term of 20 years, if convicted. The three also each face one count of conspiring to smuggle goods and one count of conspiring to defraud the United States, each count carrying a maximum prison term of five years.In 2022, the U.S. tightened its export controls on selling advanced artificial intelligence chips to China,citing national securityThe three men are charged with selling servers, without a license, to China tha [Read more]
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Stockreport

Three men charged with illegally smuggling advanced AI chips into China [MSNBC.com]

NVIDIA Corporation  (NVDA) 
More Company Research Source: MSNBC.com
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Three people affiliated with server maker Supermicro were charged Thursday in connection with allegations they conspired to smuggle advanced Nvidia chips into China, in violation of U.S. export controls barring their sale to China without a license.The indictmentThe Department of Justice said Liaw, a U.S. citizen who co-founded Supermicro, and Sun, a citizen of Taiwan, were arrested today while Chang, also a citizen of Taiwan, remains a fugitive.The three men are each charged with a count of conspiring to violate the Export Controls Reform Act, carrying a maximum prison term of 20 years, if convicted. The three also each face one count of conspiring to smuggle goods and one count of conspiring to defraud the United States, each count carrying a maximum prison term of five years.In 2022, the U.S. tightened its export controls on selling advanced artificial intelligence chips to China,citing national securityThe three men are charged with selling servers, without a license, to China tha [Read more]
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NVDA
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LAST PRICE AT
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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