US Justice Department probes Super Micro Computer, WSJ reports


FILE PHOTO: Logos of Super Micro Computer are pictured at COMPUTEX Taipei, one of the world's largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. REUTERS/Ann Wang/File Photo

(Reuters) -The U.S. Department of Justice is investigating Super Micro Computer, the Wall Street Journal reported on Thursday, citing people familiar with the matter, sending the AI server maker's shares down about 5%.

Super Micro Computer had earlier this month denied claims made in a report by short-seller Hindenburg Research, saying it contained "false or inaccurate statements" about the server maker.

Hindenburg in August disclosed a short position in Super Micro and alleged "accounting manipulation" at the company, citing evidence of undisclosed related-party transactions and failure to abide by export controls, among other issues.

Super Micro did not immediately respond to a Reuters request for comment.

(Reporting by Akash Sriram in Bengaluru; Editing by Shreya Biswas)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Czech prime minister in favour of social media ban for under-15s
Analysis-Investors chase cheaper, smaller companies as risk aversion hits tech sector
PDRM calls for greater parental vigilance as grooming by online predators leads victims to share more CSAM content
New app helps you sit up straight while at your computer
Dispose of CDs, DVDs while protecting your data and the environment
'Just the Browser' strips AI and other features from your browser
How do I reduce my child's screen time?
Anthropic buys Super Bowl ads to slap OpenAI for selling ads in ChatGPT
Chatbot Chucky: Parents told to keep kids away from talking AI dolls
South Korean crypto firm accidentally sends $44 billion in bitcoins to users

Others Also Read