【SMCI】Micron's $41.8 Billion Exceeds Super Micro Computer, Stock Price Plunges 33% - Director Involved in Smuggling NVIDIA AI Chips Resigns

Super Micro Computer (NASDAQ: SMCI) announced that Yih-Shyan “Wally” Liaw, who was indicted by U.S. prosecutors for smuggling, has resigned from the board of directors, effective immediately. Additionally, DeAnna Luna has been appointed as Acting Chief Compliance Officer. Luna has over 20 years of experience in global trade compliance, corporate governance, highly regulated markets, and legal risk management. She joined the company in 2024 and previously served as Intel’s Global Export Licensing and Classification Director and Teledyne Technologies’ Senior Director of Global Trade Compliance.

Super Micro Computer closed down 33%, ending at $20.53, with a trading volume of $5.34 billion (approximately HKD 41.8 billion).

U.S. prosecutors accused Yih-Shyan “Wally” Liaw of orchestrating the shipment of high-performance AI-capable servers assembled in the U.S. to China, violating U.S. export control regulations. Prosecutors stated that since 2024, the defendant and others sold servers worth $2.5 billion to a Southeast Asian company, intending to resell these servers to China. The indictment states that the “flagship” products received by Chinese customers were equipped with NVIDIA GPUs, and the packaging had no markings.

Super Micro Computer stated that it was notified that the U.S. Southern District of New York Office has formally charged three individuals related to the company with conspiracy to violate export control laws. The company emphasized that it is not named as a defendant in the indictment. The accused include Senior Vice President of Business Development and Board Member Yih-Shyan “Wally” Liaw, Taiwan Sales Manager Ruei-Tsang “Steven” Chang, and contractor Ting-Wei “Willy” Sun. The company has immediately suspended the employment of the two employees and terminated its relationship with the contractor.

Super Micro Computer indicated that the personal conduct alleged in the indictment has severely violated company policies and compliance controls, including attempts to circumvent applicable export control laws and regulations. The company maintains strict compliance programs and is committed to fully adhering to all applicable U.S. export and re-export laws. The company is cooperating fully with the investigation.

Source: Super Micro Computer

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