New Delhi, March 20 -- Shares of Super Micro Computer came under severe selling pressure right from the opening bell, crashing 29% to the day's low of $21.85 apiece - also the lowest level since November 2024 - after US prosecutors charged several company employees with smuggling Nvidia chips to China.

The US Justice Department reportedly charged three company officials, including a co-founder, with illegally selling Nvidia chips to China.

According to a Bloomberg report, US prosecutors charged Yih-Shyan "Wally" Liaw in a scheme to send US-assembled servers containing Nvidia's cutting-edge chips to China in violation of US export controls.

Liaw and two others associated with the company allegedly sold the AI technology through a Southe...