Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

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 ...