Nvidia · SpaceX · Elon Musk · Jensen Huang · FBI · Fortune Technology
Supermicro promised a new CFO in December 2024. A $2.5 billion smuggling case and a co-founder’s arrest later, it has one
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Super Micro Computer, the troubled hardware ally of Nvidia and Elon Musk’s SpaceX, has finally hired a new head of finance.
Key facts
- For the role, Long will get a base salary of $725,000 plus a signing bonus of $500,000 and a guaranteed annual cash bonus of $500,000
- Long also served a stint as co-CEO and CFO of a SPAC he co-founded that raised $300 million before it merged in 2023 with a Beijing-based auto insurance technology platform, Cheche Technology
- Lin was previously vice president at Western Digital from 2007 to September 2012, leaving after Long began consulting for Western Digital in March 2012 before he officially joined the company
- As for equity, Long got an initial equity grant valued at about $4.1 million based on Thursday’s stock price, and options on 150,000 shares
Summary
Mark Long, 59, replaced Weigand as CFO on Wednesday—“effective immediately,” according to Supermicro—and he brings with him a stack of bona fides. He joins Supermicro at an incredibly complex moment for the hardware maker with deep ties to Nvidia and its CEO Jensen Huang and Musk’s xAI, which was folded into SpaceX. In March, the Department of Justice and FBI indicted and arrested Supermicro co-founder Yih-Shyan “Wally” Liaw in a shocking smuggling case allegedly involving $2.5 billion of Supermicro hardware loaded with Nvidia’s export-controlled chips being illegally routed to China. Supermicro is not named as a defendant in the case, and has said it is cooperating with law enforcement.