Jaque Silva | Nurphoto | Getty Images
Super Micro Computer said Yih-Shyan “Wally” Liaw, a co-founder, has resigned from the server maker’s board after he was indicted in the U.S. on allegations of smuggling equipment containing Nvidia artificial intelligence chips into China.
A federal court unsealed the indictment on Thursday. While the company wasn’t specified, Liaw, Super Micro’s senior vice president of business development, was named, alongside sales manager Ruei-Tsan “Steven” Chang and contractor Ting-Wei “Willy” Sun. Super Micro said it had placed Liaw and Chang on administrative leave and stopped working with Sun.
“Following Mr. Liaw’s resignation, the Company’s Board comprises eight directors,” Super Micro said in a press release late Friday. “There are no changes to the Board’s committee structure.”
Super Micro shares plummeted 33% in regular trading, following the indictment.
The company said in a statement late Friday that it has named DeAnna Luna, an executive who joined from Intel in 2024, as its acting chief compliance officer. Luna has been vice president of global trade and sanctions compliance, according to her LinkedIn profile.
This is breaking news. Please refresh for updates.
WATCH: Prosecutors charge Super Micro executives
