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The Latest Breaking News from RueiTsang Steven Chang

Citi Slashes Its Super Micro Stock Price Target by 35% Amid ‘Reputation Risks.’ Should You Buy the SMCI Dip?

Citi cut its Super Micro price target by 35% after a federal indictment rattled SMCI stock. Here's what investors need to know before buying the dip.

Barchart

Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

Fortune

How Supermicro Insiders Allegedly Used Fake Servers and Forged Paperwork to Smuggle Nvidia's Most Powerful AI Chips to China

Supermicro co-founder Wally Liaw was arrested on charges of smuggling $2.5 billion in Nvidia AI chips to China using fake servers, forged paperwork, and bribed auditors. SMCI stock crashed 33%. Here is the full story of how the alleged scheme worked.

International Business Times

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The co-founder of a major datacenter company has been charged with smuggling $2.5 billion in AI chips to China

Supermicro has put them on administrative leave with another employee also charged, and a third has been fired.

PC Gamer

Supermicro employees accused of smuggling $2.5 billion worth of Nvidia hardware to China — perps used a hairdryer to move serial numbers between real hardware and thousands of dummy servers

Three Super Micro employees have been charged with conspiring to unlawfully divert cutting edge U.S. artificial intelligence technology to China.

Tom’s Hardware

Who Is Yih-Shyan 'Wally' Liaw: Super Micro Co-Founder Charged with Smuggling NVIDIA Chips

Silicon Valley's Yih-Shyan 'Wally' Liaw, co-founder of Super Micro Computer, arrested for allegedly smuggling AI servers to China, violating US export laws. Discover the impact on the tech industry.

International Business Times UK

FBI Charges Super Micro Insiders for Using Fake Documents and Shell Companies to Send Nvidia Chips to China

How the FBI's arrest of a Super Micro co-founder for a $2.5 billion AI server smuggling scheme to China impacts US export controls and national security. Explore the implications for AI tech and US-China relations.

International Business Times UK

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Supermicro’s cofounder was just accused of smuggling $2.5 billion in GPUs to China

The arrest of board member Yih-Shyan “Wally” Liaw—who previously resigned following an accounting scandal in 2018—led an after-hours trading drop of 12% in the Nvidia-linked server manufacturer's stock.

Fortune

3 men are charged with conspiring to smuggle US artificial intelligence to China

A senior vice president of Super Micro Computer Inc. and two others affiliated with the company have been charged with conspiring to smuggle billions of dollars of computer servers containing advanced Nvidia chips to China

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