Supermicro stock plunges 26% after US charges co-founder with conspiracy to smuggle Nvidia chips to China
u/Every-Actuator-6996 ·
Reddit — r/stocks
· March 20, 2026 at 14:42
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Supermicro ([SMCI](https://finance.yahoo.com/quote/SMCI)) stock plummeted as much as 28% on Friday after an unsealed indictment revealed that the US charged two Supermicro employees and a contractor with smuggling servers containing Nvidia ([NVDA](https://finance.yahoo.com/quote/NVDA)) chips to China, in violation of US export controls.
The US Attorney’s Office for the Southern District of New York charged Supermicro's co-founder, Yih-Shyan "Wally" Liaw, a US citizen who also serves on the company's board of directors and as senior vice president of business development. Ruei-Tsang "Steven" Chang, a sales manager in Taiwan, and Ting-Wei "Willy" Sun, a contractor who was described by authorities as a "fixer," were also charged.
[https://finance.yahoo.com/news/supermicro-stock-plunges-26-after-us-charges-co-founder-with-conspiracy-to-smuggle-nvidia-chips-to-china-142947908.html/?err=1](https://finance.yahoo.com/news/supermicro-stock-plunges-26-after-us-charges-co-founder-with-conspiracy-to-smuggle-nvidia-chips-to-china-142947908.html/?err=1)