Super Micro gains; says probe found no management role in export-control violation case
20/08/2026 14:33
BUZZ-Super Micro gains; says probe found no management role in export-control violation case ** AI server maker Super Micro Computer's SMCI.O shares rise 1.4% to $37.09
** Co says independent board-led investigation found no evidence senior management knew of alleged export-control violations
** Says it took personnel actions, including terminating employees, for failing to follow company policies
** In March, the U.S. DOJ charged 3 people associated with SMCI, including one of its co-founders, with helping smuggle at least $2.5 bln worth of U.S. AI tech to China in violation of U.S. export controls
** Taiwanese prosecutors conducted three investigations in May, June and July to probe illegal exports of AI servers to China
** Up to last close, stock has risen ~25% YTD
(Reporting by Anhata Rooprai in Bengaluru)