Super Micro Board Member Charged With Nvidia Smuggling Resigns, Company Gets New Chief Compliance Officer

• Its board member, Yih-Shyan "Wally" Liaw, mentioned in the U.S. Attorney's Office indictment that alleged export violations, has resigned. 
• Luna brings more than two decades of experience in global trade compliance, governance, highly regulated markets, and legal risk management. 
• On Thursday, federal prosecutors unsealed an indictment alleging that three individuals tied to Super Micro illegally diverted high-performance AI servers, specifically systems from Nvidia to China.

Super Micro Computer, Inc. (SMCI) said in a filing on Friday that its board member, Yih-Shyan "Wally" Liaw, mentioned in the U.S. Attorney's Office indictment for alleged export violations, has resigned.

The company said that its board would now comprise eight directors, and there would be no changes to its committee structure.

Simultaneously, the company announced that it had appointed DeAnna Luna as acting Chief Compliance Officer, effective immediately.

SMCI shares closed more than 33% lower on Friday.

New Compliance Officer

According to the company, Luna would bring more than two decades of experience in global trade compliance, governance, highly regulated markets, and legal risk management.

Before joining Super Micro as Vice President of Global Trade & Sanctions Compliance in 2024, she served as Director Global Export Licensing & Classification at Intel Corporation (INTC) and as Senior Director of Global Trade Compliance at Teledyne Technologies, among other roles, the company said.

Smuggling Allegations

On Thursday, federal prosecutors in the Southern District of New York unsealed an indictment alleging that three individuals tied to Super Micro illegally diverted high-performance AI servers, specifically systems from Nvidia Corp. (NVDA), to China without the required authorization from the U.S. Department of Commerce, in breach of export control regulations.

Those charged include two Super Micro employees, including co-founder Yih-Shyan “Wally” Liaw. The company itself was not named as a defendant in the indictment.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around SMCI shares jumped from ‘neutral’ to ‘extremely bullish’ territory over the past 24 hours amid ‘extremely high’ message volumes.

Retail traders called for a replacement of the management.

One user said that a CFO replacement would plug the price bleed, while another suggested firing the CEO.

SMCI shares have declined more than 47% in the past year.

Also Read: Super Micro Stock’s Plunge Will Boost This Company’s Shares, Wall Street Says

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