Source: Fortune
Summary
Supermicro, a company that supplies servers to customers, is facing scrutiny after one of its co-founders, Yih-Shyan “Wally” Liaw, was indicted for allegedly routing $2.5 billion in servers to China in violation of export controls. The company’s board has launched an independent investigation, led by directors Scott Angel and Tally Liu, with the help of law firm Munger, Tolles & Olson and consulting firm AlixPartners. Supermicro’s CEO, Charles Liang, has stated that the company is a victim of the scheme and is cooperating with the government. The investigation comes two years after a previous board-led investigation found no evidence of fraud or misconduct.
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Supermicro’s board is launching an internal investigation after one of its co-founders was indicted for allegedly violating export controls. The company’s CEO claims they are a victim of the scheme. This is not the first time Supermicro has faced scrutiny, with a previous investigation finding no evidence of wrongdoing. The company’s relationship with Nvidia, a $4 trillion chipmaker, may be strained due to the allegations. The investigation will be led by two independent directors and will report directly to them.
Author: Evan Null
