If the story is that a small handful of motherboards that were destined to be shipped to cloud providers from Supermicro had some remote monitoring / control capabilities (of varying types opportunistically applied) added to them at the behest of the Chinese government that sounds completely plausible and incredibly hard to verify and/or defend against.
I say plausible as we know that US intelligence agencies have conducted similar actions:
https://arstechnica.com/tech-policy/2014/05/photos-of-an-nsa...
And that's without even direct access to the manufacturing floor (as in the Supermicro case).