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In an escalation of export controls enforcement, Taiwanese authorities have launched a probe into Super Micro Computer employees for allegedly smuggling Nvidia chips to China by falsifying documents. The Keelung District Court detained two employees, with four others under investigation for fraud and breach of trust.
The crackdown follows earlier warnings from Nvidia CEO Jensen Huang about attempts to circumvent sanctions. Amid the developments, peer chip stocks closed mixed: AMD at $580.91, Intel at $139.63, and TSMC at $477.57 (close June 30). The case highlights growing compliance risks for semiconductor exporters.
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Sign InNvidia shares closed at $200.09 on June 30, within a range of $195.11 to $200.63. Investors are watching for further regulatory actions and any statements from Nvidia or the U.S. government that could influence the stock's direction.