Overview
- The Justice Department unsealed an indictment on Wednesday, March 19, 2026, naming three people tied to Super Micro in an alleged $2.5 billion scheme to send AI‑capable servers to China without required licenses.
- Following Thursday's selloff, Super Micro's stock closed down 33% at $20.53 on March 20 after the indictment became public.
- Multiple firms are recruiting applicants to lead the securities case in the Northern District of California, where the action is captioned Bhuva v. Super Micro Computer, Inc.
- Investor complaints say the company hid large China sales, violated U.S. export rules, and lacked controls to enforce compliance during the April 30, 2024 to March 19, 2026 class period.
- Super Micro said it is not a defendant, put two employees on leave, ended a contractor relationship, and is cooperating, while the case centers on Commerce Department licensing rules for servers with certain advanced GPUs bound for China.