The embattled server maker Super Micro Computer hinted it was planning to expand its domestic manufacturing operation as President Donald Trump pushes to return production to the U.S.

In an interview with the Wall Street Journal published Tuesday evening, CEO Charles Liang said the company would consider expanding production in states such as Mississippi and Texas as costs in Silicon Valley climb.

The server maker already has a presence in the U.S., with headquarters in San Jose, Calif. and a manufacturing facility nearby. In February, the company said it planned to build a third campus in the Bay Area, only expanding its footprint there.

Liang conceded that manufacturing in the U.S. was expensive and noted that the country "has not done production for about 30 years," leaving the U.S. with outdated infrastructure and a service-based workforce.

The news appeared to have a negligible impact on the stock. While shares remain up 36% this year, Super Micro has fallen 51% over the past 12 months. Growing interest in artificial intelligence has been a boon for the stock. Super Micro saw sharp gains at the start of 2024 as AI spending increased and demand for the company's energy-efficient servers exploded.

The stock took off at the beginning of May, leading to speculation that it may have been pushed higher by a short squeeze. In this scenario, rising prices force traders who had bet that the stock would fall to close their bets by buying shares, leading to still more gains.

Super Micro was the most-shorted stock in the S&P 500 last month, according to Dow Jones Market Data. The latest data showed short interest as a percentage of the float at 21.26%: still high, but down marginally from 22.82% at the start of April.

Raymond James analysts wrote last week that the company had suffered reputational damage after facing a potential delisting from the Nasdaq in February. Super Micro faced a critical deadline to file its delayed financial reports with the Securities and Exchange Commission. The company ultimately filed in time and said the matter was "closed."

Still, BDO USA, Super Micro's auditor, expressed an "adverse opinion" of the company's financial controls, saying that as of June 30, the company didn't maintain effective internal control of its financial reporting.

While the company remains "a market leader in AI infrastructure," the drama appears to have weighed on the stock's valuation, Raymond James concluded.