Super Micro Computer, Inc.
Super Micro Computer Increases Credit Line with CTBC Bank
Summary
On February 16, 2024, Super Micro Computer Inc., Taiwan, a wholly-owned subsidiary of Super Micro Computer, Inc., entered into a new general agreement for omnibus credit lines with CTBC Bank, increasing the aggregate total borrowings from $105.0 million to $185.0 million. The increased credit lines include various individual credit arrangements with different terms and conditions, such as the NTD Short Term Loan/Guarantee Line, USD Short Term Loan Line, Export/Import Line, and Incremental Import Line. The Subsidiary intends to use these borrowings for financing eligible accounts receivable and accounts payable. The agreement also includes financial covenants and default provisions.
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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.
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