Super Micro Computer (NASDAQ:SMCI) stock is trading upwards on Monday, akin to its semiconductor peers. This coincides with reports indicating the United States paused new restrictions on tech exports to China to avoid disrupting trade talks and support President Donald Trump’s effort to meet with Chinese President Xi Jinping later this year.
According to the report, which cited current and former U.S. officials, the Commerce Department’s Bureau of Industry and Security received instructions in recent months to delay strict enforcement of export controls on China.
