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However, there was also at least one SMCI-specific development that helped the cause. Indeed, there was some governance-related news, and this time it had a positive flavor.
SMCI announced that it had worked with Taiwanese authorities to prevent the illicit diversion of its products into the Chinese market. The company declared its commitment to continuing its cooperation with government officials both at home and abroad to ensure that its products aren’t distributed illegally.
Investor Billy Duberstein is shining a spotlight on this spate of positive news.
“The incident likely reassured investors that Super Micro is getting more serious about bad behavior on the part of re-sellers, and is not a part of the smuggling scandal that surfaced back in March,” states the 5-star investor.
