Super Micro Computer Stock Drops Over 8% as Taiwan Authorities Raid Offices Over Alleged Nvidia Chip Smuggling

Taiwan's prosecutors and coast guard conducted a second wave of raids today (June 29) targeting Super Micro Computer and related companies over allegations of illegally exporting servers equipped with Nvidia's advanced AI chips to China, Hong Kong, and Macau. The search operations covered 12 locations and led to the questioning of six individuals on suspicion of document forgery and breach of fiduciary duty.

Following the disclosure, Super Micro Computer's stock (SMCI-US) plunged over 8% to $28.15 per share on Monday, marking its fifth consecutive trading day of losses. The company stated it is fully cooperating with Taiwan's judicial investigation.