DoJ Probes Supermicro Over Exports

This is a China news story, published by Tom's Hardware, that relates primarily to Supermicro news.

China news

For more China news, you can click here:

more China news

banking & finance news

For more banking & finance news, you can click here:

more banking & finance news

Tom's Hardware news

For more news from Tom's Hardware, you can click here:

more news from Tom's Hardware

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about

Supermicro products

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Hindenburg investigation news, former Supermicro employees news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Supermicro

Tom's Hardware

•

DOJ reportedly probes Supermicro for accounting manipulations — alleged export violations to China and Russia also raise attention

Summary

Nutrition label

79% Informative

The U.S. Department of Justice is reportedly investigating Supermicro after Hindenburg Research accused the company of manipulating its financial reports and violations of export regulations to Russia and China .

Supermicro has denied any wrongdoing, but the investigation is in its early stages, and stock prices have dropped in response.

The DoJ and Supermicro have not formally confirmed the ongoing probe.

The report alleges that Supermicro exported AI , HPC , and surveillance servers equipped with Nvidia processors to China , even to entities with ties to the Chinese military.

Supermicro 's stock dropped by 12% after news of the DOJ investigation became public due to the WSJ report.

The company's financial results were allegedly boosted by illegal business practices and supplying U.S. adversaries.

The AI stock boom, which had significantly boosted the company's valuation, has cooled recently.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language