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Hindenburg Research goes after Super Micro
Initial Disclosure: After extensive research, we have taken a short position in shares of Super Micro Computer, Inc. (Nasdaq:SMCI).
In February 2024, the U.S. Bureau of Industry and Security issued additional clarification and a so-called Common High Priority List of 50 high-priority components, and their corresponding Harmonized System (“HS”) Codes, that are banned from export to Russia, stating:[55] We believe that all the common-sense indicators suggest that Super Micro continued to knowingly supply one of its longstanding Russian customers first via a California distributor operated by a key executive of one of its authorized partners and later via a web of Turkish shell companies. [73] The Xinjiang Production and Construction Corps plays a leading role in extrajudicial internment and imprisonment; land expropriation; forcible migration of people; repressive policing; social engineering; religious persecution; operating prisons and forced labour camps, according to a 90-page investigation by researchers at the UK´s Sheffield Hallam University.
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