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Market Chatter: Thai Entity Suspected of Helping Alibaba Gain Nvidia Chips

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A Thai entity advancing Thailand's artificial intelligence ambitions is suspected of smuggling Nvidia chips to China, including to data centers owned by Alibaba Group (HKG:9988), Bloomberg reported Friday, citing people familiar with the matter.

According to the report, Bangkok-based OBON Corp. purchased $2.5 billion worth of servers containing advanced Nvidia chips from Super Micro Computer, some of which were later allegedly sent to Alibaba.

U.S. prosecutors earlier this year charged Super Micro Computer co-founder Yih-Shyan "Wally" Liaw of violating U.S. export controls by working with a "rotating cast" of third-party brokers to send Nvidia chips to China.

One of the entities that Liaw worked with was OBON Corp., the report said, citing people familiar with the matter.

A spokesperson for Alibaba denied the allegation. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," the spokesperson reportedly told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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