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Six pallets of Nvidia GPUs worth $11.4 million stolen in California cargo heist

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Six pallets of Nvidia GPUs worth $11.4 million stolen in California cargo heist

As high-end PC hardware continues to surge in demand and price, GPU theft has become a highly profitable target for criminals. According to a report by ABC7 News, authorities are investigating a major cargo heist involving the disappearance of an $11.4 million shipment of Nvidia hardware. The shipment reportedly consisted of six pallets of Nvidia hardware that left Oakland for Texas on August 29 and was picked up by a truck posing as a food transport company. Investigators eventually lost track of the vehicle in San Bernardino County, with the Oakland Police Department receiving a report of the theft on September 13.

"These chips command about double the price that they command inside the United States. So, if a chip costs about $550,000, then they go for about 1 million or more abroad," said Olaf Groth, a professor at UC Berkeley's Haas School of Business.

While there has been no announcement regarding any arrests, the authorities are said to be investigating the matter. The incident has also raised concerns among experts about the security of high-value technology shipments and the potential national security risks posed by advanced computing hardware making its way into black-market channels.

5 million), disappeared at Guarulhos International Airport in São Paulo. The shipment, imported from the US, had reportedly arrived at the airport on September 20 and cleared customs on September 24, but the two pallets went missing the following day after being authorized for release.



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