Shares of Super Micro Computer Inc. (NASDAQ:SMCI) rose about 2.8% in Tuesday’s regular trading and gained more than 3.35% in the after-hours session, reaching $23.43, according to Benzinga Pro.
Super Micro Launches Independent Probe, Takes Action
On Tuesday, the company said it has initiated an independent investigation following the indictment of three individuals tied to the company on alleged export-control violations.
The San Jose, California-based firm added that it is also conducting an internal review of its global trade compliance program.
The investigation is being overseen by two independent board members — Lead Independent Director Scott Angel and Audit Committee Chair Tally Liu.
External law firm Munger, Tolles & Olson and consulting firm AlixPartners have been engaged to support the investigation, though no timeline for completion has been disclosed.
DOJ Charges Individuals In Alleged $2.5 Billion AI Server Scheme
Last month, the U.S. Department of Justice charged three individuals linked to Super Micro — including co-founder Yih-Shyan Liaw, a sales manager and a contractor — in connection with alleged export-control violations.
At the time, the company said it had placed Liaw and Chang on administrative leave and ended its relationship with Sun.
Prosecutors claim the group orchestrated a scheme to route U.S.-made AI servers through Taiwan and Southeast Asia before diverting them into China, bypassing restrictions on advanced chip exports.
Authorities said the operation involved at least $2.5 billion worth of AI technology.
Benzinga Edge Rankings placed SMCI’s Quality score in the 97th percentile, while its Price Trend remained negative across short, medium and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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