Supermicro Stock Crashes 33% After Co-Founder Arrested in $2.5 Billion Nvidia Chip Smuggling Scheme Tied to China

Source: International Business Times

Super Micro Computer's San Jose, California headquarters. Shares of the server maker collapsed 33% Friday after federal prosecutors arrested co-founder Wally Liaw on charges of smuggling Nvidia AI chips to China. By SMCI - Own work, CC BY-SA 4.