tech
Supermicro investigation clears CEO in $2.5 billion alleged smuggling scheme
Super Micro Computer said on Thursday that an independent investigation led by its board found no evidence that current members of senior management knew about an alleged scheme to smuggle $2.5 billion in hardware packed with Nvidia chips to China.
TL;DR
- An independent investigation by Supermicro's board found no evidence that current senior management knew about an alleged $2.5 billion smuggling scheme involving hardware sent to China.
- Co-founder Yih-Shyan “Wally” Liaw was indicted in March for allegedly leading the smuggling operation.
- Taiwanese authorities detained four Supermicro employees in connection with sales to a tech company.
- Supermicro received a federal grand jury subpoena in New York and is also being investigated by the SEC.
- The company has taken personnel actions, including terminations, for employees who failed to follow company policies or the code of conduct.
- The investigation reviewed specific customer transactions and other customers who bought restricted products, finding no evidence of management knowledge, sales of export-controlled products to banned entities, or unreliable financial statements.