{"id":554106,"date":"2026-03-22T22:51:31","date_gmt":"2026-03-22T22:51:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/554106\/"},"modified":"2026-03-22T22:51:31","modified_gmt":"2026-03-22T22:51:31","slug":"super-micro-shares-plunge-as-u-s-charges-three-including-co-founder-with-smuggling-ai-chips-to-china","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/554106\/","title":{"rendered":"Super Micro shares plunge as U.S. charges three, including co-founder, with smuggling AI chips to China"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">Super Micro <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/SMCI-Q\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/SMCI-Q\/\">SMCI-Q<\/a> shares sank 27 per cent on Friday after U.S. prosecutors charged three people linked with the company, including its co-founder, with helping smuggle billions of dollars worth of AI technology to China. The drop in premarket trading would erase nearly US$5-billion from Super Micro\u2019s US$18.49-billion market value if the losses hold.<\/p>\n<p class=\"c-article-body__text text-pr-5\">U.S. prosecutors did not name Super Micro &#8211; a major AI server builder using Nvidia\u2019s <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/NVDA-Q\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/NVDA-Q\/\">NVDA-Q<\/a> chips &#8211; in the complaint. The company confirmed it was not named as a defendant in the case, and it had co-operated with investigators. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The Department of Justice has charged its co-founder Yih-Shyan Liaw, Taiwan-office sales manager Ruei-Tsang Chang and contractor Ting-Wei Sun on allegations of a complex scheme to send U.S.-made servers via Taiwan to other countries in Southeast Asia. From there, they were swapped into unmarked boxes and sent onward to China.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The accused were charged with helping smuggle at least US$2.5-billion of U.S. AI technology to China, with products worth more than half a billion dollars sent between April and mid-May 2025, the Justice Department said.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Super Micro has placed the employees on leave and ended its relationship with the contractor.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The U.S. imposed chip export controls in 2022 to make sure Beijing\u2019s military would not benefit from its technology, and to slow the development of China\u2019s AI efforts.<\/p>\n<p class=\"c-article-body__text text-pr-5\">San Jose, California-based Super Micro earlier said that the restrictions impacted certain products, including those that contain the Nvidia A100 and H100 integrated circuits, among others. Soaring demand for AI chips had sent Super Micro\u2019s valuation to a peak of US$67-billion in 2024, but margin pressure from building the costly servers and allegations from the now-disbanded short-seller Hindenburg have since dragged the stock lower.<\/p>\n","protected":false},"excerpt":{"rendered":"Super Micro SMCI-Q shares sank 27 per cent on Friday after U.S. prosecutors charged three people linked with&hellip;\n","protected":false},"author":2,"featured_media":554107,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,1008,61],"class_list":{"0":"post-554106","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ca","12":"tag-canada","13":"tag-pleasemod","14":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/554106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=554106"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/554106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/554107"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=554106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=554106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=554106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}