Indictment ties Nvidia chips to a $2.5B China smuggling scheme via Super Micro
TL;DR
A federal indictment accuses three men tied to Super Micro of helping smuggle Nvidia GPUs into China in a roughly $2.5 billion scheme, using shell companies and counterfeit packaging to hide shipments of restricted chips and servers. The case, which pressured Super Micro’s stock and underscores ongoing export-control enforcement, challenges Jensen Huang’s claim of no evidence of diversion and highlights gaps in how the industry polices the movement of advanced chips to China.
Topics:businessindustries#export-controls#industries#nvidia#semiconductors#smuggling#super-micro-computer
- Jensen Huang once said there was ‘no evidence’ Nvidia chips were getting diverted to China. The scandal at Super Micro suggests otherwise. MarketWatch
- The Silicon Valley Salesman Accused of Helping China Get Nvidia’s Top Chips WSJ
- Super Micro shares plunge on shocking smuggling case. One stock stands to benefit CNBC
- Three Charged With Conspiring To Unlawfully Divert U.S. Artificial Intelligence Technology To China Department of Justice (.gov)
- Supermicro’s cofounder was just arrested for allegedly smuggling $2.5 billion in GPUs to China Fortune
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