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Super Micro Computer (SMCI) is moving past another major governance overhang after completing an independent investigation into an alleged Nvidia Corporation (NVDA) chip diversion scheme. On Aug. 20, Super Micro announced that the probe, led by independent directors Scott Angel and Tally Liu and conducted with Munger, Tolles & Olson and forensic consultant AlixPartners, found no evidence that current senior management knew about the alleged diversion scheme or any actual diversion of restricted products. The company also said it found no evidence that Super Micro directly sold export-controlled products to known restricted parties or that its previously issued financial statements could not be relied upon.
The investigation followed the March 19 indictment of two Super Micro employees and a contractor in connection with an alleged scheme of Nvidia-powered artificial intelligence (AI) servers that prosecutors say were diverted to China through intermediaries. Super Micro itself was not named as a defendant and said the three individuals no longer have any relationship with the company.
