This is HUGE. This is why tech stock is tanking. They Chinese put spy chips in tech devices - phones, computers, etc. per Bloomberg.
An alarming Bloomberg BusinessWeek report last week claiming that major American corporate giants were under the Chinese government’s surveillance via a minute chip implanted in U.S. hardware, took the country by storm. The companies facing the heat directly are none other than Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) . The data center equipment of these giants are at the center of the hack.The report comes hardly two weeks after Facebook (FB - Free Report) reported a cyber-attack on its system that compromised more than 50 million accounts worldwide. This isn’t the first attack on a major American technology company this year; Expedia’s (EXPE - Free Report) Orbitz and Under Armour’s (UAA - Free Report) MyFitnessPal app faced cyber security threats as well.
merican technology giants’ low-cost solution to manufacture and assemble equipment overseas has formulated a problem too big to counter right away. The cost-effective global supply chain that helps Amazon and Apple fabricate and put their hardware together demands a closer look as the Chinese government’s snuck tiny spy chips into equipment processed in China….
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Super Micro , a San Jose-based component provider that assembled equipment for Elemental, Amazon and Apple’s hardware supplier, had its equipment infiltrated with Chinese spy chips, the Bloomberg report cited. Amazon, Apple and Super Micro denied allegations made in the report, with Homeland Security saying, “it has no reason to doubt” the statements issued by the concerned companies.
microchip can alter the core of the system it is embedded in, allowing it to send and receive signals from a remote server, which can compromise data on the system. Built-in protections are one of the few ways to save your system from a hardware data breach, which is used by cloud services like Google Cloud Platform and Microsoft Azure.
Also, who is betting against the stocks. They VIX is at 15%. Someone is profiting. Just like 911. We need to dig on this.
https://www.zacks.com/stock/news/326748/china-spy-chips-in-us-hardware-3-security-stocks-in-focus
NOTABLE