Supermicro Joins the Prestigious Nasdaq 100 Index® – Recognition of AI Innovation, Growth, Sustainability, and Global Market Capitalization

SAN JOSE, Calif.--(BUSINESS WIRE)--Jul 15, 2024--

Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, has been selected to join the renowned Nasdaq 100 Index, which tracks 100 of the largest non-financial companies listed on the Nasdaq, requiring companies to maintain a weighting of at least 0.1% of the index's value. After hitting record highs recently, the Nasdaq 100 index underscores a company's significant impact, profitability, and leadership.

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"Supermicro is honored to be included in the acclaimed Nasdaq 100 Index," said Charles Liang, president and CEO of Supermicro. "This milestone is a testament to our relentless dedication, innovative spirit, and unwavering commitment to exceeding customer expectations. We remain focused on driving first-to-market innovation, green computing, leading the emerging AI market, and sustainable growth while creating long-term shareholder value."

Learn more about Supermicro at www.supermicro.com.

As Supermicro continues to grow, it has achieved significant milestones, including joining the S&P 500, seeing explosive revenue growth year-over-year, continuous investment in technology and customer-centric solutions, and expanding with new manufacturing facilities to meet the growing demand with faster customer productivity. Recently our leading DLC solutions aim to grow our market share from 1% to 30% in one year.

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enable our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

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Supermicro Joins the Prestigious Nasdaq 100 Index® – Recognition of AI Innovation, Growth, Sustainability, and Global Market Capitalization

(Graphic: Business Wire)

Supermicro Joins the Prestigious Nasdaq 100 Index® – Recognition of AI Innovation, Growth, Sustainability, and Global Market Capitalization

KINSHASA, Congo (AP) — A Trump administration official said Thursday the United States is in talks with conflict-plagued Congo on developing its mineral resources under a deal that the Congolese president has said could help make his country safer.

U.S. President Donald Trump's senior advisor for Africa, Massad Boulos, did not provide details of the potential deal following talks with Congo's President Felix Tshisekedi in Kinshasa, but he said it could involve “multi-billion-dollar investments.”

“You have heard about a minerals agreement. We have reviewed" the Congo's proposal, Boulos said. “I am pleased to announce that the president and I have agreed on a path forward for its development.”

American companies would be “operating transparently” and would “stimulate local economies," Boulos said.

Congo is the world’s largest producer of cobalt, a mineral used to make lithium-ion batteries for electric vehicles and smartphones. It also has substantial gold, diamond and copper reserves.

Tshisekedi said last month that he was open to a deal on developing critical minerals with the United States if the American involvement could help quell insurgencies and boost security in the African country.

“I think that the U.S. is able to use either pressure or sanctions to make sure that armed groups ... can be kept at bay,” he said on U.S. TV broadcaster Fox.

Eastern Congo has been in conflict for decades with more than 100 armed groups, most of which are vying for territory in the vast and mineral-rich region near the border with Rwanda. The conflict has created one of the world’s largest humanitarian crises with more than 7 million people displaced, including 100,000 who have fled their homes this year.

The M23 is the most potent armed group and is backed by Congo’s neighbor Rwanda. Since launching a major escalation of their decadelong fighting with Congolese forces in January, the M23 rebels have captured the cities of Goma and Bukavu and several towns in eastern Congo, prompting fears of regional war involving neighbors whose militaries are also on the ground.

On Thursday, M23 withdrew from Walikale, a key mining town in eastern Congo it captured last month, after weeks of fighting with Congolese forces and its allied Wazalendo militia.

The Walikale area is home to the largest tin deposits in Congo and to several significant gold mines. The Bisie tin mine, around 60 kilometers (35 miles) northwest of the town, accounts for the majority of tin exports from North Kivu province.

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Banchereau reported from Dakar, Senegal.

FILE - Massad Boulos visits The Great Commoner, Friday, Nov. 1, 2024, in Dearborn, Mich. (AP Photo/Julia Demaree Nikhinson, File)