- The company said that it had not been named as a defendant.
- As per the indictment, the defendants conspired to divert the U.S. manufacturer's servers integrating Nvidia GPUs to China without a license to do so from the Department of Commerce.
- Supermicro said that it had placed its two employees on administrative leave and terminated its relationship with the contractor.
Shares of Super Micro Computer Inc. (SMCI) declined more than 9% in Thursday’s extended trading hours after the company issued a statement clarifying its connection with an alleged conspiracy to commit export control violations.
The company said that while it had been informed by the U.S. Attorney's Office for the Southern District of New York about the indictment of three individuals associated with the company in connection with the allegations, it had not been named as a defendant.
Earlier in the day, the U.S. Attorney’s Office had alleged that the executives had conspired to smuggle high-performance computer servers assembled in the United States, specifically those of Nvidia Corp. (NVDA), to China, according to TheFly.
The Allegations
Three individuals, Yih-Shyan "Wally" Liaw, Senior Vice President of Business Development and a member of SMCI’s board; Ruei-Tsang "Steven" Chang, a sales manager in Taiwan; and Ting-Wei "Willy" Sun, a contractor, have been charged in violation of U.S. export laws, as per TheFly.
As per the indictment, the defendants conspired to divert the U.S. manufacturer's servers integrating Nvidia GPUs to China without a license to do so from the Department of Commerce.
Recently, the Trump administration updated its license review policy, requiring all semiconductor exports from the U.S. to China and Macau, including those of Nvidia and Advanced Micro Devices (AMD), to be licensed by the Commerce Department.
Supermicro said that it had placed its two indicted employees on administrative leave, and terminated its relationship with the contractor. It added that it had been cooperating with the government's investigation.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around SMCI shares was in the ‘neutral’ territory at the time of writing, amid ‘normal’ message volumes.
One bullish user encouraged buying the dip, saying that the company was not named in the indictment and that share prices would eventually recover.
Another user said that the sell-off was purely algorithm-driven, based on the news.
The news has wiped SMCI stock’s gains for the year, with the shares now down 0.55% so far in 2026.
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