{"id":432875,"date":"2026-06-30T01:31:07","date_gmt":"2026-06-29T18:31:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/smci-offices-raided-in-taiwan-on-chip-smuggling-probe-432875\/"},"modified":"2026-06-30T01:31:07","modified_gmt":"2026-06-29T18:31:07","slug":"smci-offices-raided-in-taiwan-on-chip-smuggling-probe","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/smci-offices-raided-in-taiwan-on-chip-smuggling-probe-432875\/","title":{"rendered":"SMCI offices raided in Taiwan on chip smuggling probe"},"content":{"rendered":"<div>\n<p>Super Micro computers tend to be in the news for all the wrong reasons more than any other company. There is a news story being reported that their offices in Taiwan are raided on a chip smuggling probe.  The shares are trading down $1.75 or -5.7% at $28.90. The low price just reach $27.82 before announcing.<\/p>\n<p>I do not know the depth of the probe or the raid implications, but the company is habitually in trouble. <\/p>\n<p data-start=\"43\" data-end=\"237\" class=\"PDq2pG_selectionAnchorContainer\">Despite being one of the biggest AI winners due to its close relationship with Nvidia, Super Micro Computer has a long history of accounting and governance issues:<\/p>\n<ul data-start=\"239\" data-end=\"1134\">\n<li data-section-id=\"goad57\" data-start=\"239\" data-end=\"336\">2018: The company was delisted from Nasdaq after failing to file financial reports on time.\n<\/li>\n<li data-section-id=\"97wd0f\" data-start=\"337\" data-end=\"568\">2020: The SEC charged SMCI with widespread accounting violations, including improperly recognizing revenue, understating expenses, and pulling future sales into earlier periods. The company settled the charges and paid fines.\n<\/li>\n<li data-section-id=\"am4cfx\" data-start=\"569\" data-end=\"732\">2024: Short-seller Hindenburg Research alleged accounting manipulation, related-party transactions, and export-control concerns. SMCI denied the allegations.\n<\/li>\n<li data-section-id=\"1ie9bch\" data-start=\"733\" data-end=\"855\">2024: Auditor Ernst &amp; Young resigned, citing concerns over governance and internal controls.\n<\/li>\n<li data-section-id=\"af0s1u\" data-start=\"856\" data-end=\"964\">2024-2025: The DOJ and SEC opened investigations into the company&#8217;s accounting and business practices.\n<\/li>\n<li data-section-id=\"9fv4dj\" data-start=\"965\" data-end=\"1134\">2026: Federal prosecutors charged several individuals tied to SMCI with illegally exporting AI servers and chips to China, though SMCI itself has not been charged.\n<\/li>\n<\/ul>\n<p data-start=\"1136\" data-end=\"1444\" data-is-last-node=\"\" data-is-only-node=\"\">An independent board review found no evidence of fraud or the need to restate financial statements. However, the company&#8217;s history of accounting issues, auditor concerns, and ongoing regulatory scrutiny<\/p>\n<p data-start=\"1136\" data-end=\"1444\" data-is-last-node=\"\" data-is-only-node=\"\">Looking at the stock chart, shares are trading at $28.79 and back below the 100 day MA at $31.07. The price has been trading above and below that MA and the 200 day MA at $35.27 over the last few weeks. Prior to that, the price ran to $51.35 reached on June 1, but reversed quickly to the downside.  There is support near $27.80 (swing level). Move below it, and traders will be looking toward the low for the year at $19.48.<\/p>\n<p data-start=\"1136\" data-end=\"1444\" data-is-last-node=\"\" data-is-only-node=\"\">When SMCI, goes down, Dell goes higher. It&#8217;s shares are now up $13.40 or 3.3% at $412.80.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Super Micro computers tend to be in the news for all the wrong reasons more than any other company. There is a news story being reported that their offices in Taiwan are&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432875","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432875"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}