Super Micro issues statement on export control indictment

The company states: “Super Micro (SMCI) Computer was informed today that the United States Attorney’s Office for the Southern District of New York has unsealed an indictment of three individuals associated with the Company in connection with an alleged conspiracy to commit export-control violations. Supermicro is not named as a defendant in the indictment. The individuals charged are Yih-Shyan “Wally” Liaw, Senior Vice President of Business Development and a member of the Company’s Board of Directors; Ruei-Tsang “Steven” Chang, a sales manager in Taiwan; and Ting-Wei “Willy” Sun, a contractor. Supermicro has placed the two employees on administrative leave and terminated its relationship with the contractor, effective immediately. The conduct by these individuals alleged in the indictment is a contravention of the Company’s policies and compliance controls, including efforts to circumvent applicable export control laws and regulations. Supermicro maintains a robust compliance program and is committed to full adherence to all applicable U.S. export and re-export control laws and regulations. The Company has been cooperating fully with the government’s investigation and will continue to do so. Supermicro has not been named as a defendant in the indictment.”