The Billion Dollar Decoy GPU Smuggling Scheme | Supermicro Staff Indicted

0:00 Following up on our investigation into the GPU

0:02 black market and smuggling operations last year,

0:04 there's been some developments recently including prosecution and arrest.

0:09 Nvidia says that there's no chip diversion.

0:12 This is a stance it has maintained for a while now.

0:15 The US government has different opinions.

0:17 That's the alleged scheme federal prosecutors laid out just

0:19 last night charging three people tied to server maker Supermicro,

0:22 including the co-founder you're seeing on your screen

0:25 and board member Wally Liao with conspiring

0:28 to illegally divert billions in AI servers to China

0:32 in of course violation of US export controls.

0:34 Prosecutors say the company sold Nvidia's high-powered AI chips [music]

0:38 that were banned from China bringing in more

0:41 than $2 billion in sales for Supermicro.

0:43 [music] The Justice Department has charged several now former

0:46 Supermicro employees with violating US export control laws.

0:50 The government said the defendants sold high-performance chips

0:52 to China by using a quote web of lies, obfuscation, and concealment end quote.

0:58 To support the deception, the government says that the smugglers

1:01 staged warehouses full of what they called

1:03 dummy servers and employed the most sophisticated

1:06 technology available for sticker removal, hair dryers.

1:11 At some point it's like they're just mocking me.

1:14 As for Nvidia, its claims are becoming, we think, more far-fetched.

1:17 Jensen Huang was seen with one of the defendants a few days before

1:21 the charges in Supermicro's posted and now

1:23 deleted photo of Jensen Huang with Wally Liao,

1:27 one of Supermicro's co-founders, at Nvidia GTC together.

1:31 Nvidia's denials are even frustrating policy makers.

1:34 Two US senators said Nvidia's claims are a quote public

1:38 relations posture designed to protect Nvidia's export licenses end quote.

1:42 But that assumes the government has its

1:44 act together to approve export licenses anyway.

1:46 While Nvidia has avoided admitting to GPU smuggling even existing,

1:50 even outside of its own control, despite reported evidence of chip diversion,

1:55 the Department of Justice keeps arresting chip smugglers,

1:58 including allegations of multi-million dollar GPU smuggling operations.

2:02 The elaborate scheme currently being investigated by the Department of Justice

2:05 contradicts Nvidia CEO Jensen Huang's prior statements about GPU smuggling.

2:10 Nvidia's chips are not little tiny potato chips.

2:13 These are 2 tons.

2:16 Each one of our GPUs is a rack that's 2 tons, 2 tons large,

2:20 or the even the smaller versions of our racks are hundreds of pounds.

2:24 And so it's not easy to smuggle

2:26 Every so often somebody says, you know, these GPUs are being smuggled.

2:31 I really would love to see it.

2:33 Not to mention, you have to smuggle enough of them to fill a football field full

2:41 of these [music] things so that you could run it it as an AI data center.

2:45 Over the years people have speculated about diversion.

2:48 We've chased down every single concern and we've [music] repeatedly tested

2:56 and sampled data centers around the world and found no diversion.

3:01 People talk about smuggling, but it's incredibly hard to do

3:04 and it's [music] we chased down every opportunity,

3:06 every single time that somebody's reported

3:08 something and it's just not been true.

3:10 Not to mention, we bought a smuggled RTX 5090 GPU in China last year.

3:16 We were offered smuggled RTX 6000 Pro GPUs

3:19 with 96 GB of memory while in China last year.

3:23 And this was without any issue whatsoever because there it's not a black market.

3:29 It's just a market.

3:30 And we have a whole documentary on that.

3:32 But if you ask Nvidia the GPU smuggling is fake news.

3:38 Something that we've reported on as well.

3:40 As our sources in the documentary said though Indeed.

3:46 Indeed.

3:47 Nvidia can keep turning a blind eye to GPU smuggling,

3:50 but now one of Nvidia's major OEM partners, Supermicro,

3:54 is tied to a smuggling case worth billions of dollars

3:57 in one of the most complex cases of it yet.

3:59 Today, we're going to go over the Supermicro case

4:01 and the latest update on the GPU black market.

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4:44 Since we posted our GPU black market documentary in August of 2025,

4:49 and then we got Bloombergs, and then we un-Bloombergs ourselves,

4:51 the US government has had some updates on its GPU smuggling control attempts,

4:57 where it's arrested criminals on multiple occasions for smuggling

5:01 GPUs or conspiring to divert AI GPUs into China.

5:05 The US government's rules for chip exports

5:07 to China have changed over the last 4 years,

5:09 with the government and Nvidia engaged

5:11 in a cat-and-mouse game that's become weirdly collaborative.

5:15 It'd be like cat and mouse,

5:17 except if the mouse is the more powerful one ultimately,

5:21 and if the mouse sometimes gave the cat a 15% cut

5:25 of its sale of cheese on the side in the cheese smuggling market.

5:30 To understand Supermicro's involvement, or in the very least,

5:33 the alleged involvement of its leadership at this point,

5:36 we need a recap of GPU export control rules and why

5:39 they're treated similarly to other export controlled items, like guns.

5:44 Beginning in In during the Biden administration,

5:47 the Department of Commerce restricted certain high-performance chips

5:50 that the US companies are allowed to export to China.

5:53 The Biden administration kept adding rules to limit

5:55 which chips could be sold to China,

5:57 and Nvidia would subsequently create new products

6:00 that wouldn't be affected by export controls,

6:02 such as the natural problem of an entity that doesn't

6:05 really understand the technology trying to police the technology.

6:08 You make the technology, in this case GPUs, you tweak a few dials,

6:12 get the performance you want, but technically still comply.

6:15 During the second Trump administration,

6:17 the US export controls have been similarly confusing.

6:20 And Jensen also has a new chip, the Blackwell.

6:22 Do you know what the Blackwell is?

6:23 The Blackwell is super duper advanced.

6:27 I wouldn't make a deal with that, although it's possible I'd

6:30 make a deal a somewhat uh enhanced in a negative way Blackwell.

6:39 Federal policy maker discussions within the last

6:42 6 months have focused on whether the government

6:44 would allow Nvidia to sell the Hopper or Blackwell generation of chips to China.

6:48 In December 2025, President Trump said the government would

6:51 allow Nvidia to sell the H200 to customers in China,

6:54 with the government taking a 25% cut from the sales.

6:58 This is more than the prior news we covered

7:00 of a 15% cut for H20s and MI308s from AMD.

7:05 The same rules would apply to AMD and Intel for similar chips, Trump said.

7:09 The president said Nvidia's more advanced Blackwell

7:11 and Rubin chips aren't part of this deal.

7:14 The post also suggested that the export controls,

7:17 the very ones that Trump's own administration furthered in 2025,

7:21 documented in our article detailing the full timeline,

7:24 were implemented by Biden and harmed national security and American jobs.

7:28 But again, both administrations administered export controls,

7:32 and Trump's in particular added,

7:34 removed, and changed them several times in the span of 1 year.

7:37 The Department of Commerce's Bureau of Industry

7:39 and Security provided more details in January 2026.

7:43 The agency would review licenses for the Nvidia

7:45 H200 and AMD MI325X on a case-by-case basis.

7:50 However, for licenses to be approved,

7:52 the government would require that the products

7:54 are sufficiently available for US customers,

7:56 that end customers in China have adequate compliance measures,

7:59 and that the chips have undergone

8:01 independent testing to verify security and performance.

8:04 So, Nvidia is now allowed to sell some chips to China,

8:07 but the rules are onerous and the revenue split has increased.

8:12 In a March SEC filing we dug up,

8:14 Nvidia called the US export rules complex and said its,

8:17 quote, competitive position has been harmed by export controls, end quote.

8:22 At Nvidia's GTC press conference in March,

8:24 Axios reported Nvidia CEO Jensen Huang as saying,

8:27 quote, We've been licensed for many customers in China for H200.

8:31 We've received purchase orders from many customers,

8:33 and we're in the process of restarting our manufacturing, end quote.

8:36 But while the government changes its export control rules,

8:39 smugglers have become better at evading them altogether.

8:42 This brings us to Nvidia's partner Super Micro and its accused employees.

8:46 Super Micro isn't exactly a beacon of corporate responsibility.

8:50 The SEC charged Super Micro with accounting fraud in 2020,

8:54 and the company faced allegations of export violations in 2024

8:57 relating to exports to Russia after the invasion of Ukraine.

9:00 Super Micro's then auditor Ernst& Young,

9:03 a firm very familiar with accounting controversies,

9:06 even stopped working with Super Micro in 2024 after saying that it was,

9:10 quote, unwilling to be associated, end quote, with its financial statements.

9:15 We might be seeing why they said that, as Super

9:17 Micro today finds itself connected to GPU smuggling allegations.

9:21 On March 19th, the Department of Justice

9:23 announced that it had charged three people

9:25 for violating US export control laws and diverting

9:28 high-performance servers with Nvidia chips to China.

9:30 The government named Wally Liao, Steven Chiang, and Willy Suen as defendants.

9:36 The government did not name Supermicro itself

9:39 as a defendant or in the indictment,

9:41 but all three individuals have been at points associated with Supermicro.

9:45 On the same day, Supermicro acknowledged the indictment and issued

9:48 a statement with more information about the three individuals.

9:51 According to Supermicro, Wally Liao was a senior vice president of business

9:55 development and a member of Supermicro's board of directors,

9:58 and Steven Chan was a sales manager in Taiwan.

10:01 Willy Swen was a contractor.

10:03 Supermicro also said it maintains a quote robust compliance program

10:06 and quote and is committed to adhering to US export rules.

10:10 Despite Supermicro's assurances,

10:12 the company's robust compliance program missed the compliance

10:16 the the non-compliance alleged in the large-scale GPU smuggling operation.

10:22 In a press release from the Department of Justice,

10:23 a US attorney said that the quote defendants participated in a systematic scheme

10:27 to divert massive quantities of US

10:30 artificial intelligence technology to customers in China.

10:32 They did so through a tangled web of lies, obfuscation,

10:35 and concealment all to drive sales and generate

10:38 revenues in violation of US law and quote.

10:41 The Justice Department describes a comprehensive scheme.

10:43 They say that Liao and Chan directed

10:45 executives of an unnamed company in Southeast Asia,

10:49 which the Department of Justice called Company One,

10:51 to place [music] orders for GPU servers from an unnamed US manufacturer,

10:56 presumably Supermicro.

10:57 The US manufacturer assembled the servers in the United

11:00 States before shipping them to their facilities

11:02 in Taiwan and then subsequently sent them

11:05 to Company One in [music] Southeast Asia.

11:07 From there, Company One would ship the servers

11:09 to their final destination in China in unmarked boxes.

11:13 Company One concealed the true destination and the purpose

11:16 for the servers to avoid regulatory scrutiny and pass the compliance checks.

11:20 Now, this might actually sound familiar to a lot of you.

11:23 We broke news on a similarly designed scheme in August of last year.

11:28 Here's what we said at the time.

11:30 A B2B company in Taiwan noted to us that it's commissioned

11:32 by Chinese companies to import servers

11:35 for pre-testing and pre-assembly and setup steps.

11:38 When we asked what the GPUs were that the servers ran,

11:41 having just done all the rest of this, we

11:43 realized that all of the hardware is export controlled.

11:46 Once the B 2 B agency completes its testing,

11:48 it ships the system out to the original buyer.

11:50 Basically, they act as an intermediary to buy the machine, mark it up,

11:54 and reship it to the original purchaser, maybe with actual testing.

11:58 We also spoke with a company that conducts business in Singapore.

12:01 The company informed us that they are also aware

12:03 of similar pass-throughs for so-called testing or data services.

12:07 This was also the subject we went to Washington, D.C.

12:10 last year to talk with congressional staff about,

12:12 although we still can't share anything further on that.

12:14 Per the Justice Department,

12:16 the defendants worked with company one to prepare false documents

12:19 and trick auditors into thinking company one was the final destination.

12:24 The Department of Justice said, quote,

12:25 "At the defendants' direction, between 2024 and 2025,

12:29 company one purchased approximately two and a half

12:31 billion dollars worth of servers from the U.S.

12:34 manufacturer." End quote.

12:35 Between late April 2025 to mid-May 2025 alone,

12:39 the alleged smugglers diverted an estimated $510 million in servers to China.

12:44 As the smuggling operation expanded in 2025,

12:47 the defendants took more elaborate measures to avoid detection.

12:50 In the indictment that we found on PACER,

12:53 the Justice Department said the defendants

12:54 staged dummy servers for inspection at locations

12:57 where company one was purportedly storing

12:59 the servers it had bought from the U.S.

13:01 manufacturer.

13:02 The defendants are said to have worked with other

13:04 individuals to repackage the servers with the U.S.

13:06 manufacturer's labels and boxes to deceive inspectors

13:10 for an audit in, you guessed it, August 2025.

13:14 Some things just line up that way.

13:16 Company one and the defendants needed to stage fake servers

13:20 since the real ones had already been shipped to China.

13:23 Per the indictment, Swin, the contractor identified by Supermicro,

13:26 estimated that it would take about 100 people,

13:29 including a forklift operators, to set up the warehouse and pass inspection.

13:34 The indictment included photos of the final staging

13:37 with fake servers stuffed inside a large warehouse.

13:40 The scheme began attracting more attention.

13:41 On August 20th, 2025,

13:43 3 days after we published our documentary on GPU smuggling on the black market,

13:48 and immediately after being copyright struck by Bloomberg,

13:51 the Bureau of Industry and Security quote

13:53 informed the US manufacturer that it had reason to believe that company one was

13:58 diverting the US manufacturer's servers to China,

14:01 and that BIS therefore had requested a compliance hold on all

14:05 shipments from the US manufacturer to company one, end quote.

14:08 Government officials continued to investigate.

14:11 In December 2025, regulators visited company

14:13 one's warehouse for a compliance check.

14:15 The defendants once again staged the dummy servers.

14:18 This time, the defendant Swen and an unnamed

14:21 broker unboxed the dummy servers, they said,

14:24 and used a hair dryer to quote remove and affix labels and serial

14:28 number stickers to the server boxes and to the dummy servers themselves,

14:32 end quote, per the filing.

14:33 The two then allegedly repackaged the fake servers in the boxes.

14:37 After the December inspection,

14:39 Super Micro co-founder Liao is said in the indictment to have

14:42 asked an executive at company one to order more servers.

14:45 The legal documents include other interesting details.

14:47 According to the indictment,

14:48 company one became more important to the US manufacturer's revenue over time.

14:52 The indictment says company one ranked

14:54 as the US manufacturer's 11th most profitable customer worldwide,

14:58 along with customers like US cloud companies and hyperscalers.

15:02 However, the indictment reads quote company one

15:04 did not have the capacity to store or use the massive quantities of servers

15:08 it was purchasing from the US manufacturer,

15:11 and most of the servers that it ordered

15:12 at the direction of the defendants were instead

15:14 diverted to China through a network of third-party

15:17 brokers who worked closely with the defendants, end quote.

15:19 In other words, smugglers.

15:21 Company one was also important for the US

15:24 server manufacturer to maintain its GPU allocation from Nvidia.

15:28 In one example, in December 2024,

15:30 the indictment says that Liao pressured an executive at company

15:33 one to place more substantial orders with the B200.

15:37 Per the indictment, one of Liao's texts said, quote,

15:40 "This is the only way to have Nvidia to promise

15:43 the B200 allocation so far as I know." End quote.

15:46 Super Micro described itself as a victim.

15:48 In a letter to its shareholders on March 26th,

15:51 Super Micro CEO Charles Liang said, quote,

15:54 "It appears that Super Micro has been a victim

15:56 of the elaborate schemes orchestrated by these individuals,

15:59 which deceived both federal authorities

16:01 and our internal compliance team." End quote.

16:03 It's the classic, if only some some thief hadn't put this in my bank account.

16:12 I just I don't know how this got there.

16:15 Liang's letter also said Super Micro would implement,

16:17 quote, "even more rigorous oversight." End quote,

16:20 of its export control system, which is a great idea,

16:23 considering the indictment said one

16:25 of the US manufacturer's compliance officers was, quote,

16:28 "offsite enjoying entertainment paid for by company one." End quote,

16:33 instead of doing their job during the August 2025 audit.

16:36 On April 7th, Super Micro announced an independent investigation to look further

16:41 into the matter and said it won't

16:43 comment further until the investigation is done.

16:45 We found Wally Liao's alleged involvement in this to be the most surprising.

16:49 Liao co-founded Super Micro in 1993 and served

16:52 on the board of directors from '93 to 2018.

16:55 He resigned from his Super Micro positions in 2018 after

16:58 the company admitted that it wasn't current in its SEC filings.

17:02 But Liao returned to Super Micro as a consultant in 2021.

17:06 Super Micro hired Liao back full-time in 2022

17:09 as a senior vice president of business development.

17:12 And he again joined the board of directors in December 2023.

17:15 Liao made millions while working at Supermicro.

17:18 Supermicro's 2025 annual report said it compensated Liao

17:21 with more than 1.8 million dollars in salary,

17:25 bonus, and stock in the fiscal year 2025.

17:28 Liao's primary stake in Supermicro came in the form of equity.

17:31 According to an SEC filing from Supermicro,

17:34 Liao owned more than 15 million Supermicro shares.

17:37 Liao and his spouse served as trustees for the Liao family trust,

17:41 which held the majority of the 15 million shares.

17:43 In total, Liao's stake in Supermicro amounted to 2.6%

17:48 of the company's common stock as of July 31st, 2025.

17:52 Now, due to the alleged crimes,

17:53 Liao is no longer employed by Supermicro or on its board of directors.

17:57 Liao has pleaded not guilty to the charges

18:00 and is free on a 5 million-dollar bond, according to Bloomberg.

18:03 The case will go to trial in November.

18:05 Interestingly, Liao rubbed shoulders with Jensen

18:08 Huang just days before the indictment.

18:10 GN Friend and professional Oracle antagonizer at Citron wrote it on Twitter

18:15 that Supermicro's social team had posted a photo on March 16th with Jensen,

18:20 Liao, and Supermicro's CEO Liao at its GTC booth.

18:24 Citron said, quote, "Cannot wait for Jensen Huang to try

18:27 and pretend he had no idea about Wally Liao's GPU smuggling operation.

18:32 I hope he tries to pretend they didn't talk much." End quote.

18:35 [music] The federal indictment came out on March 19th, 3 days later.

18:39 A few days after that, Supermicro deleted the Twitter post with Liao in it.

18:43 Nvidia has distanced itself from smuggling reports.

18:46 Jensen Huang has repeatedly done so to the extent of even just outright

18:51 denying that smuggling exists in any capacity in interviews when asked about it.

18:55 There's no evidence of any AI chip diversion.

18:58 Every so often somebody says, you know, these GPUs are being smuggled.

19:03 I really would love to see it.

19:04 People talk about smuggling, but it's incredibly hard to do.

19:07 And as we chase down every opportunity,

19:10 every single time that somebody's reported something,

19:13 and it's just not been true.

19:14 The Super Micro case where smugglers work

19:16 in Southeast Asia to get GPUs into China by working around regulators is one

19:22 of the exact scenarios that Nvidia has downplayed.

19:25 For example, in August 2025,

19:27 the Department of Justice arrested two Chinese nationals for shipping tens

19:31 of millions of dollars in export controlled AI chips to China.

19:34 Their operation concealed shipments to China by first exporting the chips

19:38 to shipping and freight forwarding companies in Singapore and Malaysia, it said.

19:42 In a statement published on TechCrunch, Nvidia said,

19:45 quote, "This case demonstrates that smuggling is a non-starter.

19:48 We primarily sell our products to well-known partners, including OEMs,

19:52 who help us ensure that all sales comply with US export control rules.

19:56 Even relatively small exporters and shipments

19:58 are subject to thorough review and scrutiny,

20:01 and any diverted products would have no service,

20:03 support, [music] or updates." End quote.

20:05 Except, it's not a non-starter.

20:08 Because an actual non-starter wouldn't start with being worth

20:11 tens of millions of dollars before even getting caught.

20:15 And that's just the ones that got caught.

20:16 Additionally, in November 2025, the government charged four people [music]

20:20 with conspiracy to violate US export control laws.

20:23 The government's indictment said the defendants communicated

20:26 with co-conspirators in Malaysia and Thailand to, quote,

20:29 "facilitate the transshipment of Nvidia GPUs exported

20:32 from the United States to the PRC." End quote.

20:35 In response to an inquiry about the case,

20:37 an Nvidia spokesperson told The Verge, quote,

20:39 "Even small sales of older generation products on the secondary

20:42 market are subject to strict scrutiny and review.

20:46 Trying to cobble together data centers from smuggled products is a non-starter,

20:50 both technically and economically.

20:52 Data centers are massive and complex systems,

20:55 making any smuggling extremely difficult and risky,

20:58 and we do not provide any support

20:59 or repairs for restricted products." End quote.

21:01 Nvidia repeatedly misrepresents the difficulty of smuggling, we think,

21:05 by leaning on the size and scale of data centers.

21:07 We think Nvidia sees GPU smuggling

21:09 as a significant credibility and reputational risk.

21:12 In an SEC filing from March 2026 that we dug up, Nvidia said,

21:16 quote, "While we seek to strictly

21:18 comply with all applicable export control regulators,

21:21 reports of diversion of controlled products,

21:23 even when unsubstantiated and untrue, may negatively impact our business,

21:28 relationships with partners and customers, and our reputation." End quote.

21:32 Nvidia's statements are catching up with them.

21:34 A few days after the government arrested the former Super Micro employees,

21:38 Senator Jim Banks, a Republican of Indiana, and Senator Elizabeth Warren,

21:42 a Democrat from Massachusetts,

21:43 asked known Epstein associate and Secretary of Commerce Howard Lutnick,

21:48 in a letter, to think twice about approving export licenses for Nvidia.

21:51 Dated March 23rd, the senators wrote, quote,

21:54 "We urge all necessary and appropriate actions,

21:56 including the immediate pausing, suspension,

21:58 or other reconsideration of all active export licenses covering advanced Nvidia

22:03 AI chips and server systems destined for the People's Republic of China,

22:07 as well as for intermediaries in Southeast Asia." End quote.

22:10 Additionally, the senators accused Nvidia and Jensen of misleading the public

22:15 about GPU smuggling and pointed to media reporting on the topic.

22:18 The two legislators wrote, quote,

22:20 "Claims that there was no evidence of a diversion appear to have been

22:23 part of a public relations posture designed

22:26 to protect Nvidia's export licenses." End quote.

22:29 They suggested the Department of Commerce look into whether

22:31 Nvidia's public statements and posture about the absence of, quote,

22:35 chip diversion were materially false

22:38 or misleading and whether those representations, statements,

22:41 or certifications influenced licensing decisions in a way

22:44 that warrants further investigation or referral." End quote.

22:47 The senatorial letter concluded by saying the Super Micro indictments,

22:50 quote, "raise serious questions about

22:52 Jensen Huang's public assurances." End quote.

22:55 Nvidia doubled down on its compliance measures in response.

22:58 On March 24th, Tom's Hardware quoted an Nvidia spokesperson who said quote,

23:03 "Strict compliance is a top priority for Nvidia.

23:05 We continue to work closely with our customers and the government

23:09 on compliance programs as export regulations have expanded." End quote.

23:12 Further, the outlet quoted Nvidia as saying quote,

23:15 "Unlawful diversion of controlled US computers to China

23:18 is a losing proposition across the board.

23:20 Nvidia does not provide any service or support for such

23:23 systems and the enforcement mechanisms are rigorous and effective." End quote.

23:27 But, this kind of ignores with the support and service

23:30 that there's a lot of money to be made.

23:32 One day later, the US government

23:34 announced more arrests for attempted GPU smuggling.

23:36 On March 25th, the Department of Justice charged

23:39 three people for conspiring to commit export control violations.

23:42 In a press release, the agency said the defendants are quote,

23:45 "Alleged to have sought millions of dollars

23:47 worth of export controlled computer chips

23:49 from a California-based computer hardware company for illegal

23:52 shipment to China through Thailand." End quote.

23:55 Ultimately, the defendants didn't ship any high-end GPUs to China that time.

23:59 Nvidia claimed victory in a statement to PC Mag saying quote,

24:03 "The complaint shows that our due diligence process worked well.

24:06 Despite several efforts,

24:07 the would-be smugglers failed to clear our diligence process

24:11 and did not receive GPUs from us." End quote.

24:13 It's sort of like the you can't fire me,

24:16 I quit approach to comment on the situation

24:19 where uh Nvidia takes every development in this case

24:24 and does its best to spin it as if

24:26 that's what their master 5D chess plan was all on.

24:30 But, the Department of Justice at this point,

24:33 it's arrested people for conspiring to violate US export controls.

24:36 It has arrested people for violating US export controls,

24:40 uh mostly relating to shipping high-end GPUs to China now on multiple occasions.

24:45 And a lot of these go back to August 2025.

24:49 The smuggling operations include extensive schemes

24:51 like with the former Supermicro employees,

24:54 and they also scale down to smaller operations like the back

24:57 of the Prius one that we showed in our documentary.

25:00 Yet, despite these developments, these arrests,

25:03 Nvidia has repeatedly distanced itself from smuggling

25:06 and claims over and over that it's a non-starter.

25:10 And often now using the phrase "fake news"

25:14 for some of its statements that it's put out.

25:15 So, we think it's a great time to revisit Jensen's wish.

25:19 Every so often somebody says, you know, these GPUs are being smuggled.

25:23 I really would love to see it.

25:25 The US government arrested someone whom Jensen

25:27 Huang was hanging out with just days before.

25:29 So, Jensen, we wonder if you'd love to see it now.

25:34 That's it for this one.

25:35 To get the full detail on this, again,

25:37 check out our smuggling documentary on GPUs from late last year.

25:42 It's actually still getting a lot of views.

25:43 Thank you all for that, especially after the whole getting Bloomberg situation.

25:46 But, shockingly relevant,

25:48 a lot of this is like real interesting timelines, you'll notice.

25:53 Around that timing, it was just just you know, it's just interesting.

25:59 So, you can subscribe for more.

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26:12 You can also go to patreon.com/gamersnexus to support us there.

26:15 Thanks for watching.

26:16 That's your update on the GPU smuggling situation following the documentary,

26:20 all the stuff that's happened since then, I mean.

26:22 And we'll see you all in the next one.