Hong Kong Customs foiled a significant smuggling attempt involving 596 Intel Xeon CPUs valued at over $1 million, thwarting an attempt to evade approximately $380,000 in taxes. The incident took place at Shenzhen Bay, where a vehicle carrying the contraband was intercepted. The culprit managed to escape with the CPUs hidden in a car dashboard. Smuggling of PC hardware has been prevalent in China, with estimates suggesting that such activities have reached $4 million in recent years. The increasing demand for AI accelerators and cloud computing technology has contributed to the rise in smuggling attempts, as China becomes a key player in these sectors. The smuggler is now facing potential imprisonment for up to seven years, highlighting the seriousness of such crimes globally.
Article Source
https://wccftech.com/chinese-customs-bust-largest-cpu-smuggling-attempts-596-intel-xeon-chips-valued-at-1-2-million/amp/
Chinese authorities foil massive attempt to smuggle 596 Intel Xeon chips worth $1.2 million
