Supermicro Board Clears CEO in $2.5B Smuggling Allegations as Probes Continue
Supermicro said its board investigation found no evidence the CEO and senior management knew about an alleged smuggling ring tied to $2.5 billion in sales, but it provided few details. Separate developments continued: four employees were detained in Taiwan, the company received a federal grand jury subpoena in New York, Liaw pleaded not guilty and trial was pushed back, and Supermicro terminated some sales and support personnel for code or policy violations.
Coverage (3)
- Supermicro fires several employees following investigation into $2.5 billion China AI chip smuggling — claims that senior management had no knowledge of illicit transactions (tomshardware.com)
- Supermicro investigation clears CEO in $2.5 billion alleged smuggling scheme (fortune.com)
- Supermicro Completes Independent Compliance Investigation (stocktitan.net)