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 supplier to Lenovo in any capacity," said Lenovo in a statement. "Furthermore, as a global company we take extensive steps to protect the ongoing integrity of our supply chain."
A spokeswoman for ZTE, headquartered in Shenzhen in southern China, said she wasn't aware of the report.
The Chinese foreign ministry didn't respond to a request for comment.
Read more at: https://phys.org/news/2018-10-china-tech-stocks-lenovo-zte.html#jCp
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