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Super Micro ends independent probe into alleged Nvidia chip diversion scheme
The review, led by independent directors and conducted with Munger, Tolles & Olson and AlixPartners, found no evidence that senior management knew of any restricted product diversion or that prior financial statements were unreliable.
Super Micro Computer said it has completed an independent investigation into an alleged Nvidia-powered chip diversion scheme, concluding there was no evidence that current senior management was aware of the conduct or that any restricted products were actually diverted. According to the company, the probe also found no evidence that it sold export-controlled products to known restricted parties, and it said there was no basis to conclude its previously issued financial statements could not be relied upon.
The investigation was led by independent directors Scott Angel and Tally Liu, and it was conducted with law firm Munger, Tolles & Olson and forensic consultant AlixPartners. The company said the review followed the March 19 indictment of two Super Micro employees and a contractor tied to an alleged plan to divert Nvidia-powered AI servers to China through intermediaries.
Super Micro noted it is implementing additional export-compliance measures as it moves past the governance overhang, even as the broader legal case involving the indicted individuals remains unresolved. The company added that the three individuals are no longer connected to Super Micro.
Super Micro, based in San Jose, California, designs, develops, and manufactures server, storage, and networking solutions used in AI and cloud computing workloads, and it has a market capitalization of $22.4 billion. The stock has risen 17.8% over the past month, driven largely by an improvement in its AI-server business outlook and a recovery in investor confidence.