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Bloomberg L.P.

China tech stocks Lenovo, ZTE tumble after chip hack report

Chinese tech stocks Lenovo Group and ZTE Corp. tumbled in Hong Kong on Friday following a news report Chinese spies might have used chips supplied by another company to hack into U.S. computer systems.

Lenovo shares closed down 15.1 percent while ZTE lost 11 percent.

Bloomberg News cited unidentified U.S. officials as saying malicious chips were inserted into equipment supplied by Super Micro Computer Inc. to American companies and government agencies.

Lenovo, with headquarters in Beijing and Research Triangle Park, North Carolina, is the biggest global manufacturer of personal computers and has a growing smartphone brand.

"Super Micro is not a...

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