"The three suspects carried out a complex plan to ship U.S. servers via Taiwan to countries in Southeast Asia. There, the devices were repackaged in unmarked boxes and forwarded to China."
"Between April and mid-May 2025, products worth more than half a billion dollars were shipped in this manner. U.S. export controls on AI chips were introduced in 2022 to prevent the Chinese military from gaining access to advanced technology."
"The news hit the stock hard. SMCI fell 27 percent in premarket trading, wiping nearly $5 billion off its market value. The company was valued at approximately $18.5 billion at that time."
The U.S. Department of Justice has charged Yih-Shyan Liaw, Ruei-Tsang Chang, and Ting-Wei Sun for smuggling AI technology to China. They allegedly shipped U.S. servers via Taiwan to Southeast Asia, repackaging them for delivery to China. Supermicro has suspended the involved employees and cooperated with investigators. Following the charges, Supermicro's stock fell 27%, losing nearly $5 billion in market value. The company had previously faced challenges due to export controls on AI chips and market pressures.
Read at Techzine Global
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