🚨 UPDATE: Super Micro board probe finds no evidence senior management knew about Nvidia diversion
Super Micro's independent investigation found no evidence that current senior management knew about the alleged $2.5B scheme to smuggle Nvidia chip-equipped hardware to China.
The probe also found no direct sales to restricted parties and nothing suggesting the company's financial statements were unreliable.
But questions remain — Taiwan authorities detained 4 employees last month, and a federal grand jury subpoena was issued in New York
Several staff in sales, tech support, and business development were also fired in connection with the probe. (The Register)
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Super Micro's independent investigation found no evidence that current senior management knew about the alleged $2.5B scheme to smuggle Nvidia chip-equipped hardware to China.
The probe also found no direct sales to restricted parties and nothing suggesting the company's financial statements were unreliable.
But questions remain — Taiwan authorities detained 4 employees last month, and a federal grand jury subpoena was issued in New York
Several staff in sales, tech support, and business development were also fired in connection with the probe. (The Register)
$SMCI.US I $NVDA
#SuperMicro #Nvidia's #TechNews #StockMarket