BENGALURU (March 20): Super Micro shares sank 27% on Friday after US prosecutors charged three people linked with the company, including its co-founder, with helping smuggle billions of dollars worth of AI technology to China. The drop in early morning trading would erase nearly US$5 billion (RM19.69 billion) from Super Micro's US$18.49 billion market value if the losses hold. US prosecutors did not name Super Micro — a major AI server builder using Nvidia's chips — in the complaint. Super Micro has placed the employees on leave and ended its relationship with the contractor. San Jose, California-based Super Micro earlier said the restrictions impacted certain products, including those that contain the Nvidia A100 and H100 integrated circuits.

Source: The Edge Markets March 20, 2026 15:34 UTC