Super Micro Computer falls after report says company offices raided in Taiwan
Mon 19:24
BUZZ-Super Micro Computer falls after report says company offices raided in Taiwan ** Shares of AI server maker Super Micro Computer SMCI.O fall 7.3% to $28.38 in afternoon trading
** SMCI's offices in Taiwan were raided by government authorities, widening an investigation into the alleged smuggling of Nvidia NVDA.O chips into China using the company’s servers, Bloomberg News reports
** Local investigators raided the residences of six individuals and the sites of three affiliated companies - report
** Super Micro did not immediately respond to a Reuters request for comment
** Up to last close, stock up ~5% this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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Super Micro Computer falls after prosecutors say company offices raided in Taiwan
Super Micro Computer falls after report says company offices raided in Taiwan
Super Micro Computer falls after report says company offices raided in Taiwan