China AI Firm Discloses $92 Million of Banned Nvidia Chip Servers to Beijing

Hours after the United States charged a Super Micro Computer Inc. co-founder with illegally smuggling billions of dollars’ worth of Nvidia Corp. AI chips to China, shares of a little-known Shenzhen-based computing company plummeted by the daily limit of 20%.

Sharetronic Data Technology Co., which is setting up AI data centers across the Asian country, said immediately after the plunge that it complies with regulations for hardware purchases. The company also assured investors it doesn’t have “any business cooperation or relationship” with Super Micro.