Home » Stocks & Shares » Apple shares news: Tech firm writes to Congress to deny spy chip report

Apple shares news: Tech firm writes to Congress to deny spy chip report

Apple shares closed lower in the US Monday, after the global tech innovator sent a letter to US Congress, denying the recent Bloomberg report that states its servers were subject to a Chinese spy attack. This follows a clear denial of the news story Apple issued on its own website.

Apple shares ended the US Monday trading session 0.23% in the red. The stock is also currently trading lower in out-of-hours activity.

Apple denies China spy report

Bloomberg published a story last week stating that some Apple servers had been implanted with chips by Chinese spies. Apple denies the accusations levied in the article.

In the letter addressed to four members of Congress, Apple’s VP of Information Security, George Stathakopoulos, said the tech company had advised Bloomberg, numerous times that their claims weren’t true.

“In light of your important leadership roles in Congress, we want to assure you that a recent report in Bloomberg Businessweek alleging the compromise of our servers is not true,” Stathakopoulos wrote. “You should know that Bloomberg provided us with no evidence to substantiate their claims and our internal investigations concluded their claims were simply wrong.”

He added that he would be available to the committees that the members of congress are part of, to brief their staff and provide further detail on this topic.

“If any of the reported details cited above were true, we would have every interest—economic, regulatory, and ethical—to be forthcoming about it. We hold ourselves to the highest standard in the products we create and the data we safeguard,” Stathakopoulos wrote.

Department of Homeland Security supports Apple’s denial

In addition to Apple’s vehement and continued denials of the China spy report, the US Department of Homeland Security said over the weekend, that there was no reason not to believe Apple in the matter.

“The Department of Homeland Security is aware of the media reports of a technology supply chain compromise,” it said in a press statement. “Like our partners in the UK, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story.”

About the author

Ilona Billington
Ilona is a freelance writer and editor with over 15 years experience reporting and writing about UK and European economics, real estate, financial markets and central banks.

Leave a Reply

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.