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

DETROIT (AP) — Former President Donald Trump on Tuesday repeated false claims that Chinese automakers are putting up large factories in Mexico, vowing during a stop in the automaking state of Michigan to slap 200% tariffs on any vehicles the unbuilt plants make and ship to the United States.

Trump also claimed during an event in Flint that if Democratic Vice President Kamala Harris is elected in November, there will be no more auto industry in the U.S., because work building electric vehicles will go to China.

That statement came even though automaking employment has grown since President Joe Biden took office in January 2021, after dropping during Trump's first term.

“If I don't win, you will have no auto industry within two to three years," Trump said, calling any increases under Biden and Harris temporary. “You will not have any manufacturing plants. China is going to take over all of them because of the electric car.”

He told the crowd he would make foreign automakers build factories in the U.S. by imposing tariffs on imported autos, saying it “will be like taking candy from a baby.”

Foreign automakers already have multiple U.S. factories, mainly in southern states.

Auto jobs dipped 0.8% during Trump's term to just over 949,000 in January 2021, when he left office, according to the Bureau of Labor Statistics. Since Biden took office that month, auto and parts jobs rose 13.6% to 1.07 million in August, so there's no evidence of the industry disappearing. Auto sales were up 2.4% in the first half of this year.

Trump said his tariffs would make Chinese vehicles built in Mexico unsellable in the U.S., forcing automakers from China and elsewhere to set up factories in the U.S.

“They’re owned and built by China in Mexico, and there are a number of them going up right now,” Trump said of Chinese factories.

Although some Chinese automakers aspire to sell in the U.S., industry analysts say there are no large Chinese-owned auto factories under construction in Mexico, and there's only one small Chinese auto assembly factory operating there. It’s run by a company called JAC that builds inexpensive vehicles from kits for sale in that country.

Trump also promised to charge tariffs on vehicles made in other countries if those countries tax U.S.-made vehicles. But often tariffs end up being passed on to consumers in the country that assesses them.

The Harris campaign issued a statement from Michigan Sen. Gary Peters saying that a second Trump term would crush auto jobs, “ceding Michigan's global auto manufacturing leadership to the Chinese government.” He said Harris has a plan to bring good-paying manufacturing jobs home "and ensure Michigan workers continue to lead the world in auto manufacturing.”

Republican presidential candidate former President Donald Trump speaks during a town hall event at the Dort Financial Center, Tuesday, Sept. 17, 2024, in Flint, Mich. (AP Photo/Evan Vucci)

Republican presidential candidate former President Donald Trump speaks during a town hall event at the Dort Financial Center in Flint, Mich., Tuesday, Sept. 17, 2024. (AP Photo/Paul Sancya)