Super Micro Co-Founder Pleads Not Guilty to $2.5B Nvidia Chip Smuggling Charges
Super Micro Computer co-founder Wally Liaw pleaded not guilty in a New York federal court to charges he helped smuggle $2.5 billion worth of Nvidia AI servers to China, per Bloomberg. Prosecutors say the operation ran from 2024 to 2025, routing servers through shell companies in Taiwan and Southeast Asia before repackaging them for mainland Chinese buyers.
SMCI stock is trading around $25.30, down over 60% since the indictment dropped in March. Trial is set for November.
The export control crackdown just got its biggest case yet.
Super Micro Co-Founder Pleads Not Guilty to $2.5B Nvidia Chip Smuggling Charges
Super Micro Computer co-founder Wally Liaw pleaded not guilty in a New York federal court to charges he helped smuggle $2.5 billion worth of Nvidia AI servers to China, per Bloomberg. Prosecutors say the operation ran from 2024 to 2025, routing servers through shell companies in Taiwan and Southeast Asia before repackaging them for mainland Chinese buyers. SMCI stock is trading around $25.30, down over 60% since the indictment dropped in March. Trial is set for November. The export control crackdown just got its biggest case yet.
