Wyn Thomas - Axys Investment Management

Weekly Market Update 5th October 2018

CHINESE MONOPOLY ON COMPUTER AND PHONE MANUFACTURING POSES A RISK TO TECH STOCKS

This week saw major exposés from the shadowy world of espionage. Much of the news has focused on details of the Russian operation to poison former
agent Sergei Skripal with a deadly nerve agent, this spy novel type attack has overshadowed the far more serious cyber security threats that were also
disclosed. The most disturbing is the news that Chinese intelligence agencies infiltrated several factories making computer components and managed
to install chips on motherboards that ended up in secure servers that were installed in US Navy warships, the CIA, the Department of Defence and a
number of other sensitive government agencies as well as in corporations such as Apple and Amazon. Read more…