The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies

This is a big deal if true.
Expect a Tweet.
Not the last we're gonna hear of this.


https://www.bloomberg.com/news/feat...ny-chip-to-infiltrate-america-s-top-companies

 

I have a physical server in Chicago with a Supermicro board. Just went to check and their whole website is not functioning at the moment.



Great. I'm sure I have nothing to fear for practical purposes however.. ~$2300 for the board alone, no CPUs or RAM. Meh.. guess we shall see.

 

Stock closed at $21.40
No volume yet, but the bid is $21.35
Short that bitch at the open if there's liability there.
SMCI

The attack was reportedly carried out via the US-based company Super Micro Computer Inc, commonly known as Supermicro. The firm is one of the world’s biggest suppliers of server motherboards, and contracts out manufacturing to factories in China and elsewhere.

Supermicro’s motherboards are used around the world, both for specialist products like MRI machines and weapon systems and for datacenters used by tech giants. The company manufactures servers for hundreds of customers, including Elemental Technologies, a startup that specializes in video compression and that was acquired by Amazon in 2015.

“Think of Supermicro as the Microsoft of the hardware world,” a former US intelligence official told Bloomberg. “Attacking Supermicro motherboards is like attacking Windows. It’s like attacking the whole world.”

EDIT... F! The ask just dropped to $19.50.

 

If it's like the ZTE situation, this will turn into a nothing burger... even though it's actually a VERY big deal (far bigger than steel tariffs).

 

the one bidding 21.35 didn't read ur link... Ask at 18.56, no bid

 

Looks like someone took out the bid at $18.52
Ask $18.14 now lol.
Thing hit the $14's in Aug after the ER.
Wonder how low its gonna go.

 

$17 just fell.

 

Why is that stock listed on PINK, and not on Nasdaq if it's a US company and:

"hink of Supermicro as the Microsoft of the hardware world,”

?

Premarket chart on TWS holds basically no information about the action, I suspect it's because of the PINK listing

 

Its under "Financial Status H".
They missed regulatory filing deadlines.
$16.50 lol

 

"After missing two deadlines to file quarterly and annual reports required by regulators, Supermicro was delisted from the Nasdaq on Aug. 23 of this year"

https://www.bloomberg.com/news/feat...ny-chip-to-infiltrate-america-s-top-companies