Chapter 974: Stir up the stock market situation
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 brands of smartphones such as HTC, Sony, Nokia, MOTO, LG, and Samsung. Most of the smartphones of manufacturers such as Xiaomi, OPPO, vivo, Huawei, and ZTE also use Snapdragon processors.
Qualcomm is the world's largest mobile phone processing chip provider, accounting for 70% of the market share. Now that there are problems with Qualcomm chips, it involves not only Qualcomm, but will affect the entire industrial chain.
Actually, there are problems with the chip, don’t you know it within Qualcomm?
No, they know.
Some exist because of design defects. Flaws are never avoidable and can only be perfected, or used in accordance with the environment at that time. God is not perfect, let alone a chip designed by humans.
Another is that these companies intentionally or unintentionally leave some backdoors when producing and designing, and some are reserved for adding functions, because many chips provide support for multiple environments, such as mobile phone chips, which can also be used in set-top boxes, automotive signal exchanges, etc., and in general, these functions will not be used.
It’s like a house with several doors, some doors are open for hardware use, some doors are locked, and the door key is in the hands of chip manufacturers. If customers don’t know, chip manufacturers can use these doors to do their own things, which is called back doors.
The next day.
The "Hall Research Institute" once again announced the research results of Qualcomm chips, and this report immediately attracted great attention and reported on global news and the Internet.
After seeing this report, many chip research institutions immediately experimented with the issues mentioned in the article.
This report has no verbal words, only piles of letters and symbols, and there is also a conclusion.
"Snapdragon 855, Snapdragon 845~~IPQ8064, IPQ8074, a total of 41 chips, all of which have vulnerabilities and involve "error" of the underlying code."
"If the vulnerability No. 7 in the list can be exploited by hackers and automatically installed software for users. If the vulnerability is exploited by fraudsters, your credit card and electronic payment password will be easily grasped by criminals and all your money will be transferred at any time."
"If the No. 11 vulnerability in the list, you can collect user's personal privacy information through the camera and microphone and listen to user's call content."
"If the No. 23 vulnerability in the list, you can collect mobile phone user address books, photos, short messages and other contents, and actively locate users, etc.."
“…”
"It is worth noting that these vulnerabilities are design flaws that exist after the chip is manufactured and cannot be repaired with software. These vulnerabilities have existed for more than 5 years. The above issues involve user privacy and property security issues are worthy of everyone's attention."
As soon as this report was released, many people were shocked.
It turns out that I am so transparent, always under other people's cell, so how can I say privacy? My phone can reveal all my secrets, just to see if others are willing to touch me.
“Have our personal privacy been leaked?”
"Does our money be insured?"
Many people have this question.
Of course, some people questioned this report. If there are so many problems with Qualcomm's chips, why did other research institutions not discover it? This is unscientific.
However, not long after such questions, another well-known international research institution came forward. A well-known chip research institution in the UK announced that it tested some of the vulnerabilities mentioned in the article and found that these vulnerabilities exist and can be exploited, indicating that the vulnerabilities mentioned in the article are real and Qualcomm chips do have great problems.
It is worth mentioning that this well-known chip research institution is a joint research team of a British chip manufacturer.
In addition, some other chip companies have also come forward, "Through team inspections, we found that some Qualcomm chips do have vulnerabilities, but it is not yet certain that these vulnerabilities are design flaws or artificial."
"Unlike software, it is very easy to open the back door of the chip, and it is related to national defense and security issues. Earlier, a country deployed a missile system in Syria, suddenly found that the missile system was controlled. In the end, it was found that there were loopholes in the chip."
......
Many companies are pointing their fingers directly at Qualcomm.
Affected by these reports, Qualcomm's stock price was greatly impacted and began to fall rapidly, falling by more than 5% in a very short period of time, triggering the circuit breaker mechanism to suspend trading. Trading resumed after 15 minutes, but the downward trend became more and more fierce. It directly contacted and launched a second circuit breaker, and the market was suspended for 1 hour.
These situations caused panic among investors, and more people participated in the sale. After an hour, Qualcomm's stock price fell sharply until it fell to 20%, and the suspension mechanism of the day was launched.
Not only that, many companies that use Qualcomm chips have also suffered from this and their stock prices have fallen.
An article caused the stock market to fluctuate, chip high-tech stocks fell across the board, and the investment of countless investors was affected.
Affected by this, the Dow Jones high-tech stocks and Nasdaq stocks in the United States also fell across the board.
Countless news reports have been reported on the Internet:
"Chip horror is coming, all your information may have been leaked, everything about you is transparent."
"The chip backdoor is everywhere."
"Design flaws are still reserved by humans, and it feels terrible to think about it."
Qualcomm was suddenly hit by such a powerful head-on blow and almost breathed. The senior management immediately held a meeting, activated emergency public relations, and held a press conference.
Qualcomm Vice President Max Ned stood on the stage and said to reporters, "In response to recent reports on Qualcomm chips, there are many suspicions of exaggeration. What we want to show is that the chips produced by our company are the world's highest speed and efficiency chips. Many chips were multi-purpose general-purpose chips at the beginning of design, and they reserved links for other devices, which were not design flaws."
"Qualcomm is a security issue that attaches great importance to customers, and our company is even more unlikely to steal user information. We have been making unremitting efforts to address system vulnerabilities and thank all sectors for their attention and concern for us. At the same time, the company announced a plan called the "Vulnerability Reward Plan". Anyone who discovers chip vulnerabilities and proposes reasonable improvement plans will receive high rewards from Qualcomm."
After the vice president finished speaking, countless reporters immediately raised their hands to ask questions.
"What you mean by saying this means is that there are indeed loopholes in Qualcomm's chips, which may pose a huge hidden danger to users' safe use?"
"May I ask, the report from the Hall Research Office said that your chip has been finalized after manufacturing and cannot use software to supplement vulnerabilities. Is this the real situation?"
The vice president was speechless when asked, cursing the unit called "Hall Research Office" in his heart. He wanted to say, "I, he, thank you for your concern for us."
"There is no questioning session at this press conference. Thank you, goodbye."
Qualcomm's vice president fled in panic.
Originally, Qualcomm wanted to explain and tell users that their chips are safe and reliable and are the best chips in the world, but the effect of the press conference was not good. After the press conference, more comments appeared on the Internet.
"Qualcomm admitted that there were vulnerabilities in chips and launched the "Vulnerability Reward Program". It may be too late to fix the problem."
"In response to design defects, Qualcomm's explanation is to reserve links for other devices, but these links have become an important channel for hackers to grasp our information, and who will ensure the safety and privacy of users."
"Qualcomm is helpless and the press conference becomes a joke."
Inside a game studio in Mexico.
Jiang Hao and Johnson sat on the soft chair, looking at the big red bar of Qualcomm stocks, and the two were happily smoking cigars.
Unlike Chinese stocks, China rose and fell in red, while the United States rose and fell in red.
"The plummet by 20%, triggering the circuit breaker mechanism three times. Qualcomm's troubles are so great, and $17 billion is evaporated directly. It is estimated that the senior management and shareholders of Qualcomm will collapse." Johnson said with a smile.
"This is how high-tech companies are. A new technology and a monopoly technology can make the company's market value soar, but once a product has problems, an avalanche is inevitable."
"Just like Yahoo was one of the Internet pioneers back then, with a market value of US$128 billion. From 2000 to 2006, it has always dominated the world's number one Internet rankings. During this period, he had the opportunity to acquire Google and Facebook, but in the end, the end was sold to US$4.8 billion to the American communications giant Verizon, and in the end it couldn't even keep its name, and it ended in disgrace."
"Internet high-tech enterprises have a fast appreciation rate, but they are like the moon in the flower well in the water. They are extremely beautiful at the time, but if they really touch their core area, the light will ripples, and the heavy will probably be wiped out. Only such and such strong fluctuations will be our chance to make a lot of money." Jiang Hao said with a smile.
"How much do you think Qualcomm will fall?" Johnson asked.
"I still have two punches. If you hit it, we will end. No one can predict the lowest point. We will stop when we see it is better." Jiang Hao said.
Merchants should be greedy because this is the greatest motivation for merchants. Merchants should not be greedy. People who do not know how to control because of greed will die miserably in the end, especially in the securities market.
The turbulent and inconsistencies in the securities market are always something you can’t figure out, there are too many variables.
At the opening the next day, Qualcomm's stock price continued to decline, and its speed slowed down after falling by 3 points. At this moment, the mysterious "Hall Research Institute" issued another article.
“There is evidence that Qualcomm should be involved in the Prism program and provide customer information to the U.S. Security Agency, because with the Qualcomm chip backdoor, the Security Agency can get your email data, video and voice conversations, videos, photos, VoIP conversation content, archive transmission, login notifications, and social network details at any time.”
The Hall Institute detonated another nuclear bomb.
Chapter completed!