Latest news with #Supermicro
Business Wire
6 days ago
- Business
- Business Wire
Super Micro Computer, Inc. Announces Closing of Private Offering of $2.3 Billion of Convertible Senior Notes Due 2030
SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) ('Supermicro' or the 'Company'), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the closing of $2.3 billion aggregate principal amount of convertible senior notes due 2030 (the 'notes') including the exercise in full of the option granted to the initial purchasers to purchase up to $300.0 million aggregate principal amount of notes. 'We want to thank our investors who share our vision,' said Charles Liang, CEO and Founder. 'As customer demand for next-generation GPU platforms continues to build, this was an opportunistic capital raise that strengthens the balance sheet with minimal dilution, ensuring continued support of customers' aggressive growth plans for AI enabled DCBBS solutions to accelerate their build out." The convertible offering was structured with an extremely attractive 0.00% interest rate, a five-year maturity and an initial conversion price of $55.20 per share, representing an initial conversion premium of approximately 35.0% above the closing price of $40.89 per share of the Company's common stock on June 23, 2025 and, coupled with our concurrent stock repurchase and capped call, was designed to minimize shareholder impact. As part of the transaction, Supermicro purchased a capped call hedge to increase the effective conversion premium to 100% of Supermicro's share price on June 23, 2025. As a result of the related capped call transactions, dilution or cash obligations upon a conversion of the notes should be mitigated by the increase in the effective conversion price of the notes to $81.78 per share of Supermicro's common stock, which represents a premium of 100% over the last reported sale price of Supermicro's common stock of $40.89 per share on June 23, 2025. Supermicro also purchased approximately $200 million in shares of its common stock from purchasers of the notes, which was intended to reduce the potential impact of certain hedging activities in connection with the offering. Supermicro has the optionality to settle any conversions in cash, shares of its common stock, or a combination of cash and shares to further influence potential dilution or cash obligations upon any future conversion of the notes. About Supermicro 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 enables 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. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the potential dilution or cash obligations relating to the conversion of the notes, the Company's plans for growth and its ability to support its customers' growth plans, the use of the net proceeds from the sale of the notes, the impact of certain hedging activities by purchasers of the notes, and the future settlement of the conversion of the notes. Forward-looking statements may be identified by the use of the words 'may,' 'will,' 'expect,' 'intend' and other similar expressions. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are based on management's current expectations and beliefs about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Those risks and uncertainties include, but are not limited to, the anticipated effects of holders of the Convertible Notes or the option counterparties entering into or unwinding derivative transactions with respect to the Company's common stock and/or purchasing or selling the Company's common stock, market and general conditions, and risks relating to the Company's business, including those described in periodic reports that the Company files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Business Standard
25-06-2025
- Business
- Business Standard
iValue Group Partners with Supermicro to Fuel Strategic Market Reach Across Key Regions
PRNewswire Bengaluru (Karnataka) [India], June 25: iValue Group, a leading provider of integrated solutions for Digital Transformation, today announced a strategic partnership with Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server and storage technology. This significant addition to iValue Group's OEM portfolio is set to accelerate market expansion and empower businesses across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia with Supermicro's cutting-edge, optimized computing solutions. This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. Supermicro is renowned for its innovative server and storage systems, offering a broad range of high-performance, energy-efficient, and cost-effective solutions across various industries, including enterprise, data centre, cloud computing, artificial intelligence, and 5G/edge. This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. iValue Group will leverage its extensive channel network, deep market penetration, and expertise in value-added distribution to significantly accelerate Supermicro's reach and impact across these rapidly expanding markets. iValue Group's role will extend beyond distribution, encompassing pre-sales support, technical enablement, comprehensive training for channel partners, and robust post-sales services, ensuring seamless deployment and optimal performance for customers. By providing local presence, specialized technical capabilities, and a strong understanding of market dynamics, iValue Group will play a crucial role in translating Supermicro's global innovation into localized success and substantial market share gains. "We are thrilled to welcome Supermicro to our growing OEM portfolio, a partnership poised for significant growth," said Mr. Shrikant Shitole, CEO, iValue Group. "Supermicro's commitment to innovation, performance, and energy efficiency perfectly aligns with our mission to deliver best-in-class solutions that drive digital transformation for our customers. Our deep-rooted presence and extensive partner ecosystem across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia will provide Supermicro with unparalleled access to new growth opportunities and untapped markets, ensuring their advanced server and storage technologies empower more businesses to achieve their strategic objectives. We are confident that this collaboration will unlock new revenue streams and establish Supermicro as a dominant force in these regions." "At Supermicro, we are committed to enabling next-generation computing infrastructure that meets the evolving needs of AI, cloud, and enterprise customers. Our partnership with iValue in India marks a significant step forward in expanding our reach and delivering high-performance, energy-efficient solutions to a broader market. We look forward to working closely with iValue to accelerate digital transformation for our customers across sectors," said Suresh Kumar T, General Manager, India, Supermicro. The collaboration is set to significantly enhance the availability and adoption of Supermicro's diverse product line, including their latest generation of servers, storage systems, and GPU-optimized solutions, critical for demanding workloads in AI, HPC, and cloud environments, thereby driving their market penetration and growth. About iValue Group iValue Group the fastest-growing Strategic Technology Advisor, secures and manages enterprises' digital assets in hybrid-cloud environments. With 500+ experts, we offer custom solutions and services, partnering with top OEMs across India, SAARC and SEA. iValue cloud based CoE showcases 25+ integrated solutions stack across OEMs to facilitate risk-free technology adoption in double quick time for our Partners business growth. iValue has direct presence across India, SAARC and Southeast Asia, with local teams covering business and technical needs of partners to address their customer needs across the regions. About Super Micro Computer, Inc. (NASDAQ: SMCI) 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 enables 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).
The Wire
25-06-2025
- Business
- The Wire
iValue Group Partners with Supermicro to Fuel Strategic Market Reach Across Key Regions
This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. BENGALURU, India, June 25, 2025 /PRNewswire/ -- iValue Group, a leading provider of integrated solutions for Digital Transformation, today announced a strategic partnership with Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server and storage technology. This significant addition to iValue Group's OEM portfolio is set to accelerate market expansion and empower businesses across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia with Supermicro's cutting-edge, optimized computing solutions. Supermicro is renowned for its innovative server and storage systems, offering a broad range of high-performance, energy-efficient, and cost-effective solutions across various industries, including enterprise, data centre, cloud computing, artificial intelligence, and 5G/edge. This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. iValue Group will leverage its extensive channel network, deep market penetration, and expertise in value-added distribution to significantly accelerate Supermicro's reach and impact across these rapidly expanding markets. iValue Group's role will extend beyond distribution, encompassing pre-sales support, technical enablement, comprehensive training for channel partners, and robust post-sales services, ensuring seamless deployment and optimal performance for customers. By providing local presence, specialized technical capabilities, and a strong understanding of market dynamics, iValue Group will play a crucial role in translating Supermicro's global innovation into localized success and substantial market share gains. "We are thrilled to welcome Supermicro to our growing OEM portfolio, a partnership poised for significant growth," said Mr. Shrikant Shitole, CEO, iValue Group. "Supermicro's commitment to innovation, performance, and energy efficiency perfectly aligns with our mission to deliver best-in-class solutions that drive digital transformation for our customers. Our deep-rooted presence and extensive partner ecosystem across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia will provide Supermicro with unparalleled access to new growth opportunities and untapped markets, ensuring their advanced server and storage technologies empower more businesses to achieve their strategic objectives. We are confident that this collaboration will unlock new revenue streams and establish Supermicro as a dominant force in these regions." "At Supermicro, we are committed to enabling next-generation computing infrastructure that meets the evolving needs of AI, cloud, and enterprise customers. Our partnership with iValue in India marks a significant step forward in expanding our reach and delivering high-performance, energy-efficient solutions to a broader market. We look forward to working closely with iValue to accelerate digital transformation for our customers across sectors," said Suresh Kumar T, General Manager, India, Supermicro. The collaboration is set to significantly enhance the availability and adoption of Supermicro's diverse product line, including their latest generation of servers, storage systems, and GPU-optimized solutions, critical for demanding workloads in AI, HPC, and cloud environments, thereby driving their market penetration and growth. About iValue Group iValue Group the fastest-growing Strategic Technology Advisor, secures and manages enterprises' digital assets in hybrid-cloud environments. With 500 experts, we offer custom solutions and services, partnering with top OEMs across India, SAARC and SEA. iValue cloud based CoE showcases 25 integrated solutions stack across OEMs to facilitate risk-free technology adoption in double quick time for our Partners business growth. iValue has direct presence across India, SAARC and Southeast Asia, with local teams covering business and technical needs of partners to address their customer needs across the regions. About Super Micro Computer, Inc. (NASDAQ: SMCI) 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 enables 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). (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Yahoo
25-06-2025
- Business
- Yahoo
iValue Group Partners with Supermicro to Fuel Strategic Market Reach Across Key Regions
This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. BENGALURU, India, June 25, 2025 /PRNewswire/ -- iValue Group, a leading provider of integrated solutions for Digital Transformation, today announced a strategic partnership with Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server and storage technology. This significant addition to iValue Group's OEM portfolio is set to accelerate market expansion and empower businesses across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia with Supermicro's cutting-edge, optimized computing solutions. Supermicro is renowned for its innovative server and storage systems, offering a broad range of high-performance, energy-efficient, and cost-effective solutions across various industries, including enterprise, data centre, cloud computing, artificial intelligence, and 5G/edge. This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. iValue Group will leverage its extensive channel network, deep market penetration, and expertise in value-added distribution to significantly accelerate Supermicro's reach and impact across these rapidly expanding markets. iValue Group's role will extend beyond distribution, encompassing pre-sales support, technical enablement, comprehensive training for channel partners, and robust post-sales services, ensuring seamless deployment and optimal performance for customers. By providing local presence, specialized technical capabilities, and a strong understanding of market dynamics, iValue Group will play a crucial role in translating Supermicro's global innovation into localized success and substantial market share gains. "We are thrilled to welcome Supermicro to our growing OEM portfolio, a partnership poised for significant growth," said Mr. Shrikant Shitole, CEO, iValue Group. "Supermicro's commitment to innovation, performance, and energy efficiency perfectly aligns with our mission to deliver best-in-class solutions that drive digital transformation for our customers. Our deep-rooted presence and extensive partner ecosystem across India, Singapore, Dubai, Bangladesh, Sri Lanka, and Cambodia will provide Supermicro with unparalleled access to new growth opportunities and untapped markets, ensuring their advanced server and storage technologies empower more businesses to achieve their strategic objectives. We are confident that this collaboration will unlock new revenue streams and establish Supermicro as a dominant force in these regions." "At Supermicro, we are committed to enabling next-generation computing infrastructure that meets the evolving needs of AI, cloud, and enterprise customers. Our partnership with iValue in India marks a significant step forward in expanding our reach and delivering high-performance, energy-efficient solutions to a broader market. We look forward to working closely with iValue to accelerate digital transformation for our customers across sectors," said Suresh Kumar T, General Manager, India, Supermicro. The collaboration is set to significantly enhance the availability and adoption of Supermicro's diverse product line, including their latest generation of servers, storage systems, and GPU-optimized solutions, critical for demanding workloads in AI, HPC, and cloud environments, thereby driving their market penetration and growth. About iValue Group iValue Group the fastest-growing Strategic Technology Advisor, secures and manages enterprises' digital assets in hybrid-cloud environments. With 500+ experts, we offer custom solutions and services, partnering with top OEMs across India, SAARC and SEA. iValue cloud based CoE showcases 25+ integrated solutions stack across OEMs to facilitate risk-free technology adoption in double quick time for our Partners business growth. iValue has direct presence across India, SAARC and Southeast Asia, with local teams covering business and technical needs of partners to address their customer needs across the regions. About Super Micro Computer, Inc. (NASDAQ: SMCI) 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 enables 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). 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Yahoo
24-06-2025
- Business
- Yahoo
Supermicro Raises $2 Billion Via Private Convertible Debt With 35% Conversion Premium
Super Micro Computer (NASDAQ:SMCI) announced Tuesday that it has priced the $2 billion convertible senior notes due 2030. The stock recovered some losses Tuesday after a 9.7% fall on Monday, when the company announced its plans to raise $2 billion via debt by offering convertible senior notes due 2030. The convertible senior notes offering triggered concerns over stock dilution when the debt is converted to stock. An additional $300 million will be available at the option of the initial purchasers within 13 days of issuance. The company had shared plans to privately negotiate capped call transactions alongside the pricing of its convertible notes to limit potential dilution for existing shareholders. It also said it looked to allocate part of the net proceeds to cover the cost of these transactions. The 'conversion premium' refers to the price the company pays for the capped call, which is effectively an upfront fee the company pays for limiting its potential dilution. Supermicro set an initial conversion rate of 18.1154 shares per $1,000 of its convertible senior notes, equating to a conversion price of roughly $55.20 per share. This represents a 35% premium over the company's June 23, 2025, closing stock price of $40.89. Starting June 15, 2028, Supermicro may redeem the notes for cash, partially or in full, if the stock price exceeds 130% of the conversion price for a set period. The company expects net proceeds of $1.96 billion (or $2.26 billion if underwriters exercise their full option). It plans to spend $158.4 million on capped call transactions designed to reduce potential dilution and $200 million to repurchase about 4.9 million shares of its stock in private deals with note buyers. The cap price of the capped call transactions is initially $81.78 per share of the company's common stock, which represents a premium of 100% above the last reported sale price per share of the company's common stock on Nasdaq on June 23, 2025 The company expects to establish more capped call agreements if the additional $300 million in notes is sold. Supermicro stock lost 51% in the last 12 months as an August 2024 Hindenburg short report accused the company of 'accounting manipulation,' sibling self-dealing, and sanctions evasion. In December 2024, the company announced the completion of an independent review conducted by an Independent Special Committee, which gave the company a clean chit. Still, the stock has surged over 36% year-to-date. In May, it partnered with DataVolt to help build hyperscale AI campuses throughout Saudi Arabia. Supermicro will provide a thoroughly tested and optimized IT solution, including high-performance AI servers. The estimated minimum market value of the products involved is approximately $20 billion. Supermicro plans to expand its server production capacity in U.S. states such as Mississippi and Texas. Price Action: SMCI shares were trading higher by 1.17% to $41.37 at the last check Tuesday. Read Next:Photo courtesy CryptoFX via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SUPER MICRO COMPUTER (SMCI): Free Stock Analysis Report This article Supermicro Raises $2 Billion Via Private Convertible Debt With 35% Conversion Premium originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
