Super Micro Computer shares crash 29% after co-founder charged in US with smuggling Nvidia chips to China
Super Micro Computer shares plummeted 29% to $21.85 after US prosecutors charged employees, including a co-founder, with smuggling Nvidia chips to China, violating export controls. The indictment represents a significant case in the crackdown on chip smuggling since 2022 restrictions were imposed.
Super Micro Computer shares plummeted 29% to $21.85 after US prosecutors charged employees, including a co-founder, with smuggling Nvidia chips to China, violating export controls. The indictment represents a significant case in the crackdown on chip smuggling since 2022 restrictions were imposed.
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