TAIPEI (Taiwan News) — Server manufacturer Super Micro Computer Inc. clarified on Tuesday (Nov. 12) that plans for a Malaysia factory are unchanged after a report said financial troubles meant it would scale back the project.

Super Micro told CNA that it plans to begin shipping from the factory before the end of 2024 in line with previously announced plans. The comment followed a report in UDN’s Economic Daily News earlier the same day that said the company had changed its plans in Malaysia due to a “financial crisis.”

In response, Super Micro said, “We successfully continue to win business in Malaysia’s highly competitive market.” “We are fulfilling all approved orders on time and customer orders remain strong,” the company said in a statement.

The report also said that some of the company’s AI server orders had been transferred to Wiston Group’s Malaysian factory. Asked about the report, Wistron told CNA that it does not comment on individual customers and products.

Barron’s reported on Tuesday that Super Micro stock fell sharply in 2024 after possible accounting issues within the company surfaced. Super Micro shares dropped 25% in November, according to the report.

Super Micro Computer Inc. was founded by Taiwanese American Charles Liang (梁見後). Liang said in June that the company plans to expand operations in Taiwan, as well as in Malaysia and Europe.