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Super Micro shares rose after DOJ indicted co-founders for smuggling AI servers to China.
Super Micro Computer shares rose after launching an independent investigation into allegations of export control violations. The U.S. Justice Department indicted three individuals, including co-founder Yih-Shyan Liaw, for orchestrating a scheme to smuggle U.S.-made AI servers to China. The company placed the individuals on leave and severed ties, while also reviewing its trade compliance program.
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