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117 Super Micro shareholders sue company over securities fraud after AI chip smuggling bust — furious investors say company concealed dependence on illicit sales to China

Tom's Hardware
Tom's Hardware 3 place · today 09:05 EDT

Super Micro shareholders sue company over securities fraud after AI chip smuggling bust — furious investors say company concealed dependence on illicit sales to China

Supermicro shareholders argue that the company committed securities fraud because it did not tell them that illegal activities made up a huge portion of its sales and that it had issues with export controls compliance.

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