Super Micro co-founder indicted on Nvidia smuggling charges leaves board

Core Viewpoint - Super Micro Computer faces significant turmoil following the resignation of co-founder Yih-Shyan "Wally" Liaw, who was indicted for allegedly smuggling Nvidia AI chips into China, leading to a 33% drop in the company's shares [1][2]. Group 1: Indictment and Resignation - Yih-Shyan "Wally" Liaw, a co-founder and senior vice president of business development at Super Micro, has resigned from the board after being indicted in the U.S. for smuggling allegations [1]. - The indictment, unsealed by a federal court, also named sales manager Ruei-Tsan "Steven" Chang and contractor Ting-Wei "Willy" Sun, with the company placing Liaw and Chang on administrative leave and ceasing work with Sun [2]. Group 2: Company Response - In response to the situation, Super Micro appointed DeAnna Luna, who joined from Intel in 2024, as the acting chief compliance officer, previously serving as vice president of global trade and sanctions compliance [3].