🚀 Super Micro Co-Founder Arrested Over Alleged $2.5 Billion AI Server Smuggling Scheme
#SuperMicro #AIservers #SmugglingScheme #Arrest #USAuthorities #StockDrop #China #Investigation #YihShyanLiaw
U.S. authorities have charged and arrested Yih-Shyan "Wally" Liaw, co-founder of Super Micro, in connection with an alleged scheme to smuggle approximately $2.5 billion worth of AI servers to China. According to NS3.AI, Super Micro has stated that it is cooperating with the ongoing investigation. Following the announcement, the company's stock experienced a significant drop, falling 13.25% to $26.71 in after-hours trading.#SuperMicro #AIservers #SmugglingScheme #Arrest #USAuthorities #StockDrop #China #Investigation #YihShyanLiaw
🚀 Supermicro Stock Drops 27% Following Charges Against Co-Founder in Smuggling Scheme
#Supermicro #StockDrop #YihShyanLiaw #SmugglingScheme #NvidiaAIChips #IllegalExport #China #USProsecutors #SupermicroNews
Supermicro's stock experienced a significant decline of 27% on Friday. According to NS3.AI, this drop followed charges by U.S. prosecutors against co-founder Yih-Shyan "Wally" Liaw, who is accused of involvement in a scheme to illegally export $2.5 billion worth of Nvidia AI chip servers to China. In response to the allegations, Supermicro has placed Liaw and another employee on leave and terminated a contractor.#Supermicro #StockDrop #YihShyanLiaw #SmugglingScheme #NvidiaAIChips #IllegalExport #China #USProsecutors #SupermicroNews