GOVERNMENT
Supermicro stock fell 50 percent after a bombshell Bloomberg report that China is using its servers to spy
Bloomberg said that Supermicro is central to a spying scandal involving China. According to the article, "U.S. investigators found: The chips had been inserted during the manufacturing process, two officials say, by operatives from a unit of the People’s Liberation Army.
"In Supermicro, China’s spies appear to have found a perfect conduit for what U.S. officials now describe as the most significant supply chain attack known to have been carried out against American companies."
Following this news, Supermicro shares are down over 50% in trading today.
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