By Adam Clark
Super Micro Computer stock was gaining early Wednesday. The server maker has outlined how it will investigate the alleged chip smuggling scandal that has engulfed the company.
Super Micro said it has launched an investigation into how individuals associated with the company allegedly diverted U.S.-assembled servers to China in a violation of export-control laws, in a statement late Tuesday.
Super Micro shares were up 5.9% in premarket trading Wednesday.
The U.S. government charged Super Micro co-founder Yih-Shyan "Wally" Liaw and two other individuals last month regarding an alleged plan to divert U.S.-assembled servers to China in a violation of export-control laws. Super Micro was not named as a defendant in the case and has said it is cooperating with the government.
Liaw pleaded not guilty to the charges in a New York court last week, Bloomberg reported.
The company's own investigation is being led by Scott Angel, its lead independent board director, and Tally Liu, chair of the audit committee, who will report their findings and conclusions to the other four independent members of the board.
The independent directors have retained law firm Munger, Tolles & Olson LLP, which has brought on AlixPartners as an independent consultant, and there is no definitive timetable for the investigation.
"Supermicro is committed to protecting America's advanced technologies and intellectual property," said CEO Charles Liang, in a statement. "Our internal review and the independent directors' investigation are being conducted in line with our commitment to ensuring our technology is handled with the highest level of ethical and legal scrutiny."
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 08, 2026 06:05 ET (10:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments