|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||21.50 - 22.49|
|52 Week Range||13.25 - 23.04|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||17.19|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Server maker Super Micro is moving production out of China in a bid to allay US customer's concerns about spying, even though independent tests have shown no evidence of cyber espionage. The company has also announced its plans to expand its own in-house manufacturing facilities to help mitigate any perceived risks. A spokesperson for the company said Super Micro wants to be more self-reliant "without depending only on those outsourcing partners whose production previously has mostly been in China."
Supermicro CEO Charles Liang said a third-party firm has evaluated and cleared the company's motherboards. The company's stock tumbled after a Businessweek article published Oct. 4 stated the company had allowed the Chinese government to plant microchips that could be used for spying onto motherboards bound for American tech companies Apple and Amazon.
Supermicro has sent a letter to its customers saying that it has found no evidence of malicious chips on its motherboards. The company asked third-party company Nardello & Co. to audit Supermicro’s hardware. On October 4, a Bloomberg report claimed that China’s spies managed to conceal tiny malicious chips on Supermicro motherboards.
The conclusion follows previous denials of a Bloomberg Businessweek magazine report that said Chinese intelligence services inserted malicious components in the company’s server motherboards during the manufacturing process. The company said the third-party investigations firm had tested "a representative sample" of its motherboards, including the specific type of components which were the focus of the Businessweek story and which had been purchased by a number of large technology companies mentioned in that article, as well as more recently manufactured examples. Bloomberg Businessweek has previously said that it stands by its story.
Computer hardware maker Super Micro Computer Inc told customers on Tuesday that an outside investigations firm had found no evidence of any malicious hardware in its current or older-model motherboards. In a letter to customers, the San Jose, California, company said it was not surprised by the result of the review it commissioned in October after a Bloomberg article reported that spies for the Chinese government had tainted Super Micro equipment to eavesdrop on its clients. Super Micro had denied the allegations made in the report.