Super Micro Computer, Inc. Announces Real Estate Acquisition

Details

(SMCI) entered into a purchase and sale agreement with Caracol Property Owner LLC to acquire approximately 19.72 acres of land and 293,906 square feet of buildings in San Jose, California, for an aggregate purchase price of $80 million. The transaction, expected to close in February 2024, includes discretionary entitlements for a potential redevelopment of the property with phased construction of office buildings and parking structures. The Company made a non-refundable deposit of $10 million. The Purchase Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K.

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About Super Micro Computer, Inc.

Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.