Investing.com - Shares in China’s Lenovo Group were down again on Monday after tumbling as much as 20% on Friday following a Bloomberg report that Chinese spies used microchips to hack into some U.S. companies’ systems.
Lenovo (HK:0992) shares were down 1.58% to HK$4.98 by 1:40AM ET (05:40 GMT).
Bloomberg Businessweek reported Friday that Chinese spies placed microchips inside equipment used by about 30 companies, including Amazon, Apple, a major bank, and government contractors, allegedly giving Beijing access to U.S. computer networks.
Lenovo shares plunged following the report, even after Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) denied it.
Lenovo said in a statement that SuperMicro, cited in the Bloomberg report as the supplier of the chips, is not a supplier to the company.