Angela Palumbo
Super Micro Computer announced a partnership with Japanese information-technology services provider Fujitsu to develop energy-efficient generative-artificial-intelligence servers.
Super Micro and Fujitsu said in a joint news release on Wednesday that they will collaborate to create liquid-cooled systems for high-performance computing, generative AI, and green data centers that prioritize energy efficiency.
The companies are also working together to develop and market a platform with Fujitsu's FUJITSU-MONAKA processor that's targeted for release in 2027.
The financials of the deal were not disclosed.
"Fujitsu and Super Micro believe that promoting a green AI infrastructure that reduces power consumption and environmental impact in data centers is a top priority," the companies said in the news release.
Super Micro has had a busy week. Its stock began trading on a post 10-for-1 stock split basis on Tuesday. Despite recent challenges the company has faced, Super Micro stock's gain of 48% was more than double that of 20% rise in the S&P 500 so far this year, when the split went into effect amid a general rise in semiconductor stocks.
One recent challenge was earnings. Super Micro reported an adjusted gross profit margin for its fiscal fourth quarter in August that came in lower than the previous year. Not long after that, short seller Hindenburg Research published a report that noted "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues" at Super Micro. The next day, Super Micro said it would delay filing the 10-K for the fiscal year ended June 30.
Then on Sept. 28, The Wall Street Journal reported that the server maker was being investigated by the Justice Department following the Hindenburg report. Super Micro declined to comment at the time, but did say in an earlier regulatory filing that Hindenburg's report contained false or inaccurate statements.
Shares of Super Micro were off 0.4% to $41.83 in premarket trading Thursday, while futures tracking the S&P 500 were down 0.2%.
Write to Angela Palumbo at angela.palumbo@dowjones.com
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October 03, 2024 08:16 ET (12:16 GMT)
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