Indictment ties Nvidia chips to a $2.5B China smuggling scheme via Super Micro

A federal indictment accuses three men tied to Super Micro of helping smuggle Nvidia GPUs into China in a roughly $2.5 billion scheme, using shell companies and counterfeit packaging to hide shipments of restricted chips and servers. The case, which pressured Super Micro’s stock and underscores ongoing export-control enforcement, challenges Jensen Huang’s claim of no evidence of diversion and highlights gaps in how the industry polices the movement of advanced chips to China.