Super Micro Computer shares rose more than 2% in premarket trading Thursday after the AI server maker completed an independent investigation into an alleged export-control smuggling scheme and said it found no evidence that current senior management knew about the alleged diversion. The investigation team reviewed customer transactions that were the subject of the federal indictment, as well as transactions with a selection of other customers who bought restricted products, and did not find any evidence that any current member of senior management had knowledge of the alleged diversion scheme or of any actual diversion of restricted products by the company. Super Micro also said investigators found no evidence that it directly sold export-controlled products to known restricted parties or locations, or that previously issued financial statements were unreliable because of the alleged diversion. The probe was overseen by lead independent director Scott Angel and audit committee chair Tally Liu, with Munger, Tolles & Olson and AlixPartners conducting the work, and Super Micro said it adopted all recommendations designed to strengthen its export-compliance program. The investigation stems from federal allegations that several individuals, including company co-founder Yih-Shyan Wally Liaw and a Taiwan sales manager, helped route Nvidia-powered servers to China despite U.S. export restrictions, with prosecutors alleging the activity generated roughly $2.5 billion in sales since 2024.
Super Micro Computer IncInvestigation clears senior management of knowledge of export diversion, reducing legal risk.
NVIDIA Corporation