Super Micro Co-Founder Resigns After Federal Indictment for Smuggling Nvidia AI Chips to China, Shares Plunge 33%
Super Micro Computer co-founder Wally Liaw resigns after a federal indictment charges him with smuggling Nvidia AI chip-laden servers into China through fake paperwork and decoy hardware, generating $2.5 billion in illicit sales since 2024, sending company shares crashing 33%.