Super Micro board co-founder resigns as "dummy server" smuggling details emerge

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Nasdaq slides 2%, S&P posts four-week losing streak as Iran conflict escalates Goldman Sachs flags these stocks as beneficiaries of gas price surge Citi says Brent crude prices could rise to this level in a prolonged Iran conflict UBS remains confident in U.S. stocks, sees S&P 500 hitting 7,700 (South Africa Philippines Nigeria) Super Micro board co-founder resigns as "dummy server" smuggling details emerge By Author Simon Mugo Economy Published 03/21/2026, 05:28 AM Super Micro board co-founder resigns as "dummy server" smuggling details emerge 0 SMCI -33.32% Investing.com -- Super Micro Computer Inc (NASDAQ:SMCI) has confirmed the resignation of co-founder Yih-Shyan “Wally” Liaw from its board of directors following his federal indictment. Upgrade to InvestingPro for a deeper dive into market-moving news The departure comes as new details from the unsealed filing reveal the sophisticated nature of an alleged $2.5 billion scheme to bypass U.S. export controls on NVIDIA Corporation (NASDAQ:NVDA) AI technology. To steady its regulatory standing, the server maker has tapped DeAnna Luna, an Intel veteran and current VP of global trade and sanctions, as its acting chief compliance officer. Deceptive logistics and “dummy” hardware The indictment details a "convoluted transshipment" operation where a Southeast Asian middleman allegedly used fake paperwork to mask China as the final destination. To fool investigators, the defendants reportedly used "dummy" servers at storage facilities to distract the company’s internal compliance team and U.S. export control officers while the restricted hardware was forwarded to China. Between late April and mid-May 2025 alone, these illicit flows accounted for roughly $510 million in sales. Liaw, who also served as Senior VP of Business Development, was released on an unsecured bond following an initial court appearance in the Northern District of California; a formal bond hearing...