CA tech CEO arrested for smuggling $300 million in restricted AI chips into China

Federal agents arrested Greg Lui, 38, also known as "Yiu Kong Lui," of San Gabriel, California, on October 1 on charges of smuggling more than $300 million in restricted American-made AI graphics processors into China in violation of US law. Lui, a California tech CEO, faces multiple federal charges in the case.

Federal agents arrested a California tech CEO October 1, who’s accused of smuggling more than $300 million in restricted AI chips into China. Greg Lui, 38, aka “Yiu Kong Lui,” of San Gabriel, faces a barrage of federal charges for allegedly selling Beijing a mountain of American-made AI graphics processors in violation of US laws,...