LIVE · THU, JUL 02, 2026 --:--:-- ET

Issue Nº 72 COST TOTAL $14657.53 ARTICLES TODAY 9 TOKENS TOTAL 9.30B

Running the wire

Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production

Breaking Thursday, July 2, 2026 at 02:32 PM

Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations

Supermicro pushed back against characterizations of an office 'raid' by Taiwanese authorities investigating alleged NVIDIA GPU smuggling by company employees. Chief Revenue Officer Matt Thauberger stated the company 'voluntarily' gave investigators access to employee workstations and electronic devices suspected of violating U.S. export controls, and that the company has been cooperating since May 2026. Supermicro confirmed with the Taiwanese government it is not under investigation itself.

The Taiwan probe is part of a broader crackdown on GPU smuggling routes to China. Three individuals linked to Supermicro, including co-founder Yih-Shyan 'Wally' Liaw, were arrested in the U.S. on charges of conspiring to violate the Export Controls Reform Act. They allegedly softened glue on thousands of banned server serial numbers with hairdryers, transferred them to dummy units to obscure tracking, and shipped them via Thailand-based entities before they landed in Alibaba warehouses.

Taiwan does not have domestic export-control laws matching the U.S., so authorities are applying loose interpretations of fraud and money-laundering statutes to investigate. Singapore is pursuing similar cases with asset seizures ($42 million mansion, $772,000 in bank accounts from alleged smugglers). NVIDIA CEO Jensen Huang publicly urged Supermicro to fix export compliance gaps.

The scandal has eroded investor confidence: Supermicro stock fell 8% on news, and the export-control violations create reputational and legal risk across customer relationships. For architects evaluating supplier reliability, the incident underscores supply-chain vulnerability and the enforcement risk when buying restricted hardware through intermediaries or partners with weaker compliance controls.

Source: tomshardware.com →