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Super Micro Shares Plunge 25% After Co-Founder Charged in $2.5B Smuggling Plot
news
2 min read
Super Micro Computer's stock fell by 25.3% to approximately $23 in premarket trading following the arrest of co-founder Yih-Shyan Liaw for allegedly conspiring to smuggle AI chips worth billions into China. This decline marks the company's largest single-day loss since October 2024.