Mar 20, 2026 10:18 PM IST
Dow Jones Today | US Stock Market LIVE Updates: US charges executives over alleged Nvidia server diversion to China; Super Micro stock tumbles
US authorities have charged several individuals linked to a server maker with illegally diverting billions of dollars worth of Nvidia-powered servers to China, in a major escalation of tech export enforcement.
The indictment, unsealed by the Southern District of New York, alleges a coordinated effort to bypass US export controls designed to restrict advanced chips from reaching China. Among those named is Yih-Shyan “Wally” Liaw, a co-founder of Super Micro Computer.
The case highlights Washington’s growing concern over how high-performance chips are slipping through restrictions, even as US AI firms face rising competition from Chinese players.
Markets reacted sharply. Shares of Super Micro plunged 25% following the news, underscoring the high stakes of regulatory scrutiny in the global chip war.
At its core, this isn’t just a legal case—it’s part of a broader battle over who controls the future of artificial intelligence.