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Super Micro tumbles after DOJ charges three in $2.5 bln China smuggling case

ReutersMar 20, 2026 8:18 AM

Super Micro SMCI.O shares slump more than 20% premarket after U.S. prosecutors charge three individuals tied to the AI server maker with smuggling U.S. AI technology to China

DOJ alleges a $2.5 billion scheme in which servers were routed through Taiwan and Southeast Asia, swapped into unmarked boxes and sent illegally to China despite export curbs

One of the people charged co-founded SMCI

DOJ charged Yih-Shyan Liaw, Ruei-Tsang Chang, and Ting-Wei Sun in an indictment unsealed in federal court in Manhattan on Thursday

Super Micro says it is not a defendant, cooperated with investigators, and immediately placed Liaw and Chang on leave while cutting ties with Sun

Prosecutors say over $500 million worth of servers were diverted to China between April–May 2025 alone, calling the operation "brazen"

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