U.S. arrests tech CEO accused of smuggling $300 million in Nvidia chips to China
US arrests tech CEO accused of smuggling $300M in Nvidia chips into China
What happened
The U.S. Department of Justice arrested Greg Lui, the 38-year-old CEO of Earthmade Computer, accusing him of using false paperwork to smuggle servers worth more than $300 million containing Nvidia A100 and H100 GPUs to China via countries including Malaysia and Singapore. His company earned more than $176 million from the scheme in 2024.
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