Super Micro Co-Founder Charged With Smuggling, Departs Board

The US charged a Super Micro Computer Inc. co-founder with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China, initiating its highest-profile crackdown on alleged smuggling of restricted AI technology to the Asian country.

US prosecutors indicted Yih-Shyan “Wally” Liaw for sending US-assembled servers containing Nvidia’s cutting-edge chips to China in violation of US export controls. Liaw and two others associated with Super Micro allegedly sold the hardware to an unnamed Southeast Asian company and coordinated for its ultimate shipment to Chinese customers.

The move sent shares of Super Micro plummeting on Friday, erasing more than $6 ...