Benzinga | Jun 2, 2021 11:04AM EDT

Super Micro Computer Targets 2M Global Servers Annually at Lower Cost By Summer 2021

* Super Micro Computer Inc (NASDAQ:SMCI) doubled its manufacturing capacity to meet the global Cloud, AI, and 5G/Edge induced server and storage demand.

* The company has almost completed expansion at both the U.S. and Taiwan campuses.

* The new manufacturing facilities will ensure lower costs by leveraging U.S. design with Taiwan's lower-cost manufacturing.

* Supermicro will be able to produce over two million servers annually by mid-summer 2021, effectively doubling capacity.

* Rack-level design reduces pricing for customers. Supermicro will deliver fully configured and tested racks to global customers through the Supermicro Rack Scale Plug and Play Solutions ability.

* The assembly lines will produce a range of servers and rack level integration consisting of Supermicro products and third-party components.

* Price action: SMCI shares are up 2.22% at $35.99 on the last check Wednesday.