By Ananya Gairola
Publication Date: 2026-03-27 19:31:00
Super Micro Computer is facing a class-action lawsuit. The server maker is accused of misleading investors about exposure to China and compliance risks tied to the sale of export-controlled Nvidia Corp. chips.
On Wednesday, shareholders claimed SMCI overstated its growth prospects by failing to disclose that a significant portion of its server sales were linked to China, potentially in violation of U.S. export controls, Reuters reported.
Don’t Miss:
The lawsuit, filed in federal court in San Francisco, alleges the company had material weaknesses in its compliance systems while presenting a stronger business outlook to investors.
The legal action follows criminal charges against co-founder Yih-Shyan Liaw and two others, accused of orchestrating sales of servers containing Nvidia chips to China through a Southeast Asian intermediary.
Super Micro’s stock plunged 33% on March 20 after the charges were disclosed, wiping out roughly $6.1 billion in market value. Liaw has since resigned from the board.
Prosecutors alleged the scheme involved about $2.5 billion worth of servers sold in 2024 and 2025.
See Also: What If Tires Didn’t Need Air — Or Replacing? This Startup Says It’s Possible
Super Micro has previously said it is cooperating with authorities. The company and Nvidia have not been criminally charged and Nvidia is not named in the civil suit.
The lawsuit also names CEO Charles Liang and CFO David Weigand.
Super Micro did not…
