Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier
Super Micro Computer(SMCI) CNBC·2024-10-30 21:09
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro's shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was "unwilling to be associated with the financial statements prepared by management." The accountancy also rai ...