Was feeling pretty smug yesterday until I realized that Bloomberg had publisher another "spy chip" article, which (again) crashed the stock. 
Nibbled a little more @ $12.15 yesterday, only to sell that nibble today @ $12.85. Still hold the bulk of my position.
As hilfronter83 pointed out, several hardware security professionals on Twitter are quite skeptical about many of the substantive claims made in the Bloomberg articles. I don't have the technical expertise to have a much of an opinion, but do think it's odd that no picture of a spy chip has surfaced.
Why would it be odd? How does a picture do much? It's a small thing that looks like a capacitor. My guess is if someone posted a picture people would still say "but it just looks like a chip, we don't know it's real."
I don't know if this exact story is real, but the NSA has chips and spies with this sort of hardware. Technically the functionality exists, that's not a stretch.
I remember back in 2000/2001 on the underground of the internet there was a lot of rumbling about the NSA being able to tap lines and record all traffic. It was a rumor, there were some data points, but it was all rumor level. Very similar to this. Then suddenly Snowden released his cache and validated those claims. More than ten years later those rumors were proved to be very accurate.
This story has a lot of similarities. It's plausible, we know the US does it, so why wouldn't China, and there are weird rumors. Apple started to build their own servers in 2015 to avoid hardware security issues. Then Apple cut off SuperMicro in 2017. I mean it could all be coincidence, or it could be accurate.
As to this having an impact? I'd suggest reading some of the SysAdmin reddits or forums. There is skepticism on all levels. I've seen a lot of "to be safe we're just going to go with someone else" type posts. I don't know if that trickles down into future earnings or what.
I love net-nets and I love depressed stocks. But you don't buy as the knife is falling. You wait until they've had three or four bad quarters, they've cleaned things up, and the market still doesn't care. That's when you buy. If I miss out, then oh well. But buying here seems really risky verses waiting for things to settle some.