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Super Micro Computer Dives ~12% in After-hrs Trading Session as Co-founder Accused of Smuggling AI Tech to CN
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Super Micro Computer (SMCI.US)'s co-founder, Yih-Shyan Liaw, was charged in New York for allegedly conspiring to illegally transfer AI technology worth billions of USD to China. Following the news, Super Micro Computer's share price tumbled 11.85% to US$27.14 in after-hours trading session. US prosecutors accused Liaw of violating US export controls by shipping high-performance computer servers assembled in the US and equipped with Nvidia (NVDA.US)'s GPUs to China. They believed that Liaw and others at the company sold these AI technologies through a Southeast Asian company, knowing that the technology would ultimately be shipped to China. Liaw has been arrested on Thursday (19th). AASTOCKS Financial News Website: www.aastocks.com |
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