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BackNvidia chips worth $11.4 million were stolen
Nvidia chips worth $11.4 million were stolen
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ShiftDelete14 minutes agoCrime2 min readTürkiyeView original

Nvidia chips worth $11.4 million were stolen

Nvidia chips worth $11.4 million, sent from California to Texas, were stolen during delivery and were not discovered missing for 15 days.

Quick Look

  • Six pallets of Nvidia chips worth $11.4 million shipped from California to Texas were stolen.
  • After the incident went unnoticed for 15 days and the traces disappeared in San Bernardino County, law enforcement launched an investigation.

AI-generated summary

Why It Matters

Intense demand for artificial intelligence chips and stock shortages increase the value of this hardware on the black market.

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In the artificial intelligence race, Nvidia chips are now almost as valuable as gold. Six pallets of Nvidia chips, a cargo worth $11.4 million, that set out from California to Texas in the USA, never reached their destination. The most surprising thing is that the theft did not attract anyone's attention for 15 days.

The cargo was received by a truck and its accompanying people as planned in California. The vehicle then went in another direction instead of Texas. The incident took place on August 29. That's why the six-track rig never met its goal.

The theft was not discovered until mid-September. On the other hand, it is stated that the team took long breaks many times along the way. Moreover, because the vehicle was not followed sufficiently, its trace was lost in the San Bernardino County area. That's why law enforcement forces are now after the cargo in this area.

Moreover, the 15-day delay is the most striking aspect of the incident. Because when the theft was noticed, the trace of the cargo had already disappeared. However, police forces continue their search efforts in the same area.

The exact content of the cargo is unknown. However, it is announced that its value is 11.4 million dollars. Additionally, thieves could make nearly $20 million if they sell the hardware outside the United States. So the possible profit is well above the value of the cargo.

Behind this figure is the intense demand for artificial intelligence chips. For example, today these products are considered as valuable materials, almost like gold or diamonds. Because the price of Nvidia chips has doubled from time to time due to stock shortages. Therefore, theft cases also increased.

Therefore, six pallets worth $11.4 million represent a serious profit for thieves. Moreover, the fact that the products are both expensive and difficult to find makes this type of cargo more attractive.

A similar incident occurred last year. Again, Nvidia chips worth $7.5 million were stolen in the USA. In addition, Zotac RTX 5090 graphics cards worth 500 thousand dollars were stolen in Brazil in recent months.

These three incidents show that valuable equipment is the target of thieves. Because as the value of the products increases, the profit carried by a single cargo also increases.

Finally, the fate of the lost cargo is unclear. The investigation continues in the San Bernardino area and it has not yet been revealed whether the thieves sold abroad.

What to Watch

AI outlook — possibilities, not facts

  • Police forces' search efforts will continue in the San Bernardino area.

    Very likely · Within weeks

Open Questions

  • Have the thieves been identified?
  • What exactly is the cargo content?
  • Have the chips been taken abroad?

Related Topics

This article was originally published by ShiftDelete.

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