Super Micro Computer Shares Plummet 29% Following Co-Founder's Indictment on US Smuggling Charges

Super Micro Computer Shares Crash 29% Amid US Prosecutors' Charges

Super Micro Computer, a major assembler of AI servers, saw its shares plummet 29% to $21.85 apiece, the lowest level since November 2024, following US prosecutors' charges against several company employees for smuggling Nvidia chips to China.

US prosecutors charged Yih-Shyan “Wally” Liaw, a co-founder and board member of Super Micro Computer, and two others associated with the company with illegally selling Nvidia chips to China in violation of US export controls. The scheme allegedly involved sending US-assembled servers containing Nvidia's cutting-edge chips to China through a Southeast Asian firm.

The indictment marks the largest chip-smuggling case pursued by US prosecutors since restrictions on Nvidia shipments to China were first imposed in 2022. The charges follow several smaller-scale arrests last year after the Trump administration pledged to crack down on violations of rules aimed at preventing China from using American AI accelerators for military advancement.

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Super Micro accounts for approximately 9% of Nvidia's revenue, according to Bloomberg data. The company has placed Liaw and Chang on administrative leave and ended its relationship with Sun, while cooperating with the government's investigation.

Key Statistics:

• Super Micro Computer shares down 82% from record highs
• Super Micro Computer shares down 58% since November 2025
• Super Micro Computer shares down 24% year-to-date
• Super Micro Computer shares down 31.4% so far in March