Supermicro shares plunge 33% after US charges co-founder with conspiracy to smuggle Nvidia chips to China
Shares of Supermicro (SMCI) plunged 33% on Friday after an open indictment revealed that the United States charged two Supermicro employees and a contractor with smuggling servers containing Nvidia (NVDA) chips to China, in violation of US export controls. The U.S. Attorney’s Office for the Southern District of New York charged Supermicro co-founder Yih-Shyan “Wally”…