Super Micro Computer stock is collapsing today. Investors flee as DOJ charges cofounder in AI China scheme
Briefly

Super Micro Computer stock is collapsing today. Investors flee as DOJ charges cofounder in AI China scheme
"The U.S. Attorney's Office for the Southern District of New York announced that it was charging three men with ties to Super Micro Computer for export-control violations related to AI technology."
"The DOJ alleges that the three individuals conspired 'to divert high-performance computer servers assembled in the United States and [integrated] sophisticated U.S. artificial intelligence technology to China.'"
"Supermicro confirmed that the three individuals named in the indictment were connected to the company and that the two who are employees have been placed on administrative leave, while the contractor was fired."
The U.S. Department of Justice has charged three individuals associated with Super Micro Computer for export-control violations involving AI technology. The charges allege a conspiracy to divert high-performance computer servers and sophisticated U.S. AI technology to China. One of the accused is Yih-Shyan Liaw, a cofounder of Supermicro, who is currently on the board. The company confirmed the connection of the individuals to Supermicro, with two employees placed on administrative leave and one contractor terminated.
Read at Fast Company
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