Tech company co-founder charged with smuggling Nvidia AI chips to China

The co-founder of Super Micro Computer, along with two other individuals, has been charged by U.S. authorities with conspiring to smuggle Nvidia's advanced AI chips to China. The alleged scheme involved diverting chips valued at billions of dollars in violation of U.S. export control laws.

Following the announcement of the charges, Super Micro's stock price fell sharply, dropping by roughly 30 percent. The company has issued a statement in response to the case involving its employees.