Chapter 974: Stirring up the stock market
How many phones are there in the world that use Qualcomm chips?
According to statistics, there are billions of them.
Qualcomm is the main chip supplier of global brand smartphones such as HTC, Sony, Nokia, MOTO, LG, and Samsung, and most of the smartphones of Xiaomi, OPPO, vivo, Huawei, ZTE and other manufacturers also use Snapdragon processors.
Qualcomm is the world's largest provider of mobile phone processing chips, accounting for 70% of the market share, and now Qualcomm chip problems, involving not only Qualcomm, but the entire industry chain.
In fact, there is a problem with the chip, and Qualcomm doesn't know about it?
No, they know.
Some exist because of design flaws, defects can never be avoided, can only be improved, or adapted to the environment at the time and used, God is not perfect, let alone a chip designed by man.
The other is that these companies will intentionally or unintentionally leave some backdoors in production and design, and some are reserved to increase functions, because a chip is often used to support multiple environments, such as mobile phone chips, and can also be used in set-top boxes, car signal exchange, etc., and these functions will not be used under normal circumstances.
It's like a house, there are several doors, some doors are open for hardware use, some doors are locked, and the door key is in the hands of the chip manufacturer, the customer does not know, the chip manufacturer can use these doors to do their own things, this is the so-called back door.
Following.
The "Hall Institute" once again announced the results of its research on Qualcomm chips, and this report immediately attracted great attention and was reported on the news and networks around the world.
After seeing this report, many chip research institutions immediately tested the problems mentioned in the article.
There is nothing eloquent about this report, just piles of letters and symbols, and a conclusion.
"Snapdragon 855, Snapdragon 845 ~ to ~ IPQ8064, IPQ8074, a total of 41 chips, all have vulnerabilities, involving the underlying code "error". ”
"For example, the No. 7 vulnerability on the list can be exploited by hackers to automatically install software for users, and if the vulnerability is exploited by fraudsters, your credit card and electronic payment passwords will be easily grasped by criminals and all your money can be transferred at any time."
"For example, vulnerability No. 11 on the list can collect the user's personal ** information through the camera and microphone and listen to the user's call."
"For example, vulnerability No. 23 in the list can collect address books, photos, short messages and other content to actively locate users."
“......”
"It is worth noting that these vulnerabilities are design flaws, which have existed since the chip was manufactured, and cannot be fixed with software, and these vulnerabilities have existed for more than 5 years.
As soon as this report came out, many people were shocked.
It turns out that he is so transparent, and he is under someone else's cell all the time, how can he say that his mobile phone can reveal all his secrets, just see if others are willing to touch him.
"Has our personal ** been leaked?"
"Are we insured?"
Many people have this question.
Of course. Some people also questioned this report, if Qualcomm's chips have so many problems, then why other research institutions have not found it, this is not scientific.
However, it didn't take long for such a question to come forward, and a well-known chip research institution in the United Kingdom announced that it had tested some of the vulnerabilities mentioned in the article, and indeed found that these vulnerabilities existed and could be exploited, indicating that the vulnerabilities mentioned in the article were real, and there were indeed great problems with Qualcomm chips.
It is worth mentioning that this well-known chip research institution is a joint research team of a chip manufacturer in the UK.
In addition, some other chip companies also stood up, "Through team testing, it was found that some of Qualcomm's chips do have vulnerabilities, but it is not yet certain whether these vulnerabilities are design flaws or artificial." ”
"Unlike software, it is very easy for the chip to open the back door, and it is related to national defense and security issues, the missile system deployed by a certain country in Syria earlier suddenly found that the missile system was controlled, and finally found out that it was because of the vulnerability in the chip."
......
Many companies are pointing the finger at Qualcomm.
Affected by these reports, Qualcomm's stock price was greatly impacted, and began to fall rapidly, falling more than 5% in a very short time, triggering the circuit breaker mechanism to suspend trading, and resuming trading after 15 minutes, but the downward trend became more and more ferocious, directly triggering the secondary circuit breaker, and the suspension was 1 hour.
These circumstances caused panic among investors, and more people participated in the sell-off, and when the market opened an hour later, Qualcomm shares plummeted until the decline reached 20%, and the day's suspension mechanism was activated.
Not only that, many companies that use Qualcomm chips have also been affected by this and their stock prices have fallen.
An article caused a shock in the stock market, chip high-tech stocks fell across the board, and the investment of countless shareholders was affected.
Affected by this, the Dow Jones high-tech stocks and Nasdaq stocks in the United States also fell across the board.
There are countless news reports on the Internet:
"The chip terror is coming, all your information may have been leaked, and everything about you is transparent."
"Chip back doors, everywhere."
"The design flaws are still artificially reserved, and it feels terrible to think about."
Qualcomm was suddenly hit head-on with such a strong blow that it was almost out of breath, and the top management immediately held a meeting, activated emergency public relations, and held a press conference.
Max Snyder, vice president of Qualcomm, stood on the stage and said to reporters, "In response to the recent reports on Qualcomm chips, which are suspected of exaggeration, we want to show that the chips produced by our company are the fastest and most efficient chips in the world. ”
"Qualcomm takes the security of our customers very seriously, and our company is even less likely to steal user information. At the same time, the company announced a program called the "Bug Bounty Program", where Qualcomm will be rewarded with high rewards for all chip vulnerabilities and reasonable improvement plans. ”
As soon as the vice president finished speaking, countless reporters raised their hands to ask questions.
"Excuse me, do you mean by this, does it mean that Qualcomm's chips do have vulnerabilities, which may bring great hidden dangers to the safe use of users?"
"Excuse me, the report of the 'Hall Lab' says that your chip has been finalized after manufacturing, and software cannot be used to supplement the vulnerability, is this really the case?"
The vice president was speechless when asked, and cursed in his heart the unit called 'Hall Research Laboratory', and wanted to say, I thank you for your concern for us.
"There will be no question and answer session at this press conference, thank you and see you soon."
Qualcomm's vice president fled.
Originally, Qualcomm wanted to explain and tell users that their chips were safe and reliable, and they were the best chips in the world, but the effect of the press conference was not good, and after the press conference, more remarks appeared on the Internet.
Qualcomm admits that there are vulnerabilities in chips and launches a "bug bounty program" at the same time, and it may be too late to make amends. ”
"In response to the design flaw, Qualcomm's explanation is to reserve links for other devices, but these links have become an important channel for hackers to grasp our information, who will ensure the safety of users."
"Qualcomm was helpless, and the press conference became a joke."
In a gaming studio in Mexico.
Jiang Hao and Johnson sat on the soft chairs, looking at the big red bar of Qualcomm stock, and the two smoked cigars happily.
Unlike Chinese stocks, China is red and green is down, while the United States is green and red is down.
"Plummeting by 20% and triggering the circuit breaker mechanism three times, Qualcomm is in big trouble, directly evaporating $17 billion, and it is estimated that Qualcomm's executives and shareholders are going to collapse." Johnson said with a smile.
"High-tech companies are like this, a new technology, a monopoly technology can make the company's market value skyrocket, but once the product has problems, an avalanche is inevitable."
"It's like Yahoo, one of the pioneers of the Internet, with a market value of $128 billion, from 2000 to 2006, it has been the world's No. 1 Internet leader, during this period, he had the opportunity to buy Google, acquire Facebook, but in the end, the end was sold to the American communications giant Verizon for $4.8 billion, and in the end it didn't even keep its name, and it ended gloomily."
"Internet high-tech enterprises are fast in value-added, but they are like flowers in the water, and they are extremely beautiful at the time, but if they really touch their core area, the light ones will ripple, and the heavy ones may disappear. Only such strong fluctuations are the opportunity for us to make a lot of money. Jiang Hao said with a smile.
"How far do you think Qualcomm will fall?" Johnson asked.
"I still have two punches, let's end the fight if we hit it, no one can predict the lowest point, let's close it when we see it." Jiang Hao said.
Businessmen should be greedy, because this is the biggest motivation for businessmen, businessmen cannot be greedy, because of greed and do not know moderation, they all die miserably in the end, especially in the securities market.
The ups and downs of the securities market are always something you can't fathom, and there are too many variables.
At the opening of the next day, Qualcomm's stock price continued to decline, slowing down after falling 3 points, and at this moment, the mysterious 'Hall Institute' issued another article.
"There is evidence that Qualcomm should be involved in the Prism program and provide customer information to the NSA, because with the Qualcomm chip backdoor, the NSA has ready access to your email data, video and voice conversations, videos, photos, VoIP conversations, file transfers, login notifications, and social network details. ”
The Hall Institute detonated another nuclear bomb.