tech
Super Micro co-founder indicted on Nvidia smuggling charges leaves board
Super Micro said Yih-Shyan "Wally" Liaw, a co-founder, has resigned from the server maker's board after he was indicted in the U.S.
TL;DR
- Super Micro co-founder Yih-Shyan "Wally" Liaw resigned from the board after being indicted in the U.S.
- Liaw is accused of smuggling equipment with Nvidia AI chips into China.
- The indictment details a scheme using fake paperwork and "dummy" servers to deceive compliance teams.
- Super Micro shares dropped 33% after the indictment was unsealed.
- The company has placed Liaw and sales manager Ruei-Tsan "Steven" Chang on administrative leave.
- The indictment suggests approximately $2.5 billion in sales since 2024 may be linked to these activities.
- Super Micro appointed DeAnna Luna as acting chief compliance officer.