From Ars Technica · · 1m 30s
Nvidia shipment worth $11.4M vanishes in transit
Six pallets of Nvidia hardware disappeared between Oakland and Texas in August, part of a surge in sophisticated cargo thefts targeting high-value tech components.
In brief
Six pallets of Nvidia hardware disappeared between Oakland and Texas in August, part of a surge in sophisticated cargo thefts targeting high-value tech components. Nvidia hardware worth eleven point four million dollars vanished in transit from Oakland to Fort Worth in August; police have made no arrests or recovered…
Nvidia shipment vanishes mid-transport
Six pallets of Nvidia equipment left Oakland on August twenty-ninth bound for Fort Worth, Texas. A truck bearing a food transportation company logo picked up the hardware as scheduled, then disappeared.
Theft worth $11.4 million goes unnoticed for weeks
The buyers did not realize the shipment never arrived until early September. Oakland police traced the truck to several multi-hour stops after pickup before losing it in San Bernardino County, California.
Part of a larger wave of hardware heists
Thieves have stolen more than one hundred million dollars in similar shipments since June. Criminals use GPS location spoofing and arrange collisions with police escort vehicles, showing planning and sophistication.
Stolen chips command huge markups abroad
Professor Olaf Groth of UC Berkeley's Haas School of Business told ABC News that if a chip costs about five hundred fifty thousand dollars, then they go for about one million dollars or more abroad.
“if a chip costs about $550,000, then they go for about $1 million or more abroad.”
Investigation ongoing with no arrests yet
Oakland police confirmed a grand theft report was filed on September thirteen. Authorities have not disclosed what Nvidia hardware was stolen or how the theft was carried out, and the investigation remains ongoing.
What matters most
Nvidia hardware worth eleven point four million dollars vanished in transit from Oakland to Fort Worth in August; police have made no arrests or recovered the cargo after more than two months.
