Supermicro Stock Plunges 46% in a Month Amid Taiwan Raids and Export Probe

Regulation Impact 4
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Summary · why it matters

Supermicro shares have fallen 46% over the past month as the company faces a widening scandal over alleged smuggling of Nvidia GPUs to China. Taiwanese authorities raided Supermicro’s offices, the residences of six individuals, and three affiliated companies in the Keelung district, including data-center operator Chief Telecom and distributor Albatron Technology. The raids are part of an investigation linked to U.S. charges that co-founder Wally Liaw, sales manager Steven Chang, and contractor Willy Sun attempted to divert $2.5 billion in Nvidia-powered AI servers to China in violation of export controls. Supermicro has denied wrongdoing and is cooperating with authorities, but the controversy adds to a history of regulatory troubles, including a 2018 Nasdaq delisting and a 2020 accounting-violations fine. The company is also pursuing $7 billion in funding to address a $39 billion order backlog, including a $5 billion underwritten stock sale and a $2 billion at-the-market offering, which will dilute existing shareholders.

Impact on stocks 4

Artificial Intelligence▼ · 3 stocks
Super Micro Computer Inc
SMCI
▼ NegativeRegulationCapitalrelevance

Taiwan raids and U.S. export-control investigation into alleged smuggling of Nvidia GPUs to China.

NVIDIA Corporation
NVDA
▼ NegativeDemandrelevance

Alleged smuggling of Nvidia GPUs to China could disrupt Nvidia's sales channel and regulatory compliance.

Cloud & Digital Infrastructure▼ · 1 stocks
Chief Telecom Inc
6561
▼ NegativeRegulationrelevance

Chief Telecom's offices raided as part of the same investigation.

Theme Impact 3

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