The Super Micro Computer Co-Founder Faces New Chip Smuggling Charges. Does That Actually Matter for SMCI Stock?

AI server maker Super Micro Computer (SMCI) has found itself in more trouble after its co-founder and two others were indicted by the U.S. Justice Department for violating U.S. export laws. The three allegedly illegally exported Nvidia (NVDA) GPUs worth about $2.5 billion to China, with one of the co-founders being the primary accused. Among the other two accused, one was a Super Micro sales manager in the Taiwan office, while the other was a contractor.

Although the company itself was not named as a defendant in the case, the indictment of the plaintiff was quite damning, stating, “Those controls are in place to protect U.S. national security and foreign policy interests, among other things.”