Super micro computer's shares plummet 27% amid arrests of officials linked to china

Shares of Super Micro Computer tumbled 27% on Friday, extending a year of extreme volatility and price fluctuations for the artificial intelligence hardware firm.

The company's stock has risen 5% this year but fallen 23% over the past 12 months.

The dramatic plunge came after reports emerged that one of the company's co-founders and two other individuals had been arrested for illegal shipments of high-tech chip components to China.

Super Micro Computer identified the suspects as Ruei-Tsang