Sino-Trojan Microchip, Or US Cyber Gulf of Tonkin Ploy?

A very small chip is hijacking the headlines, and incurring very big ramifications. News and allegation of microchips, the size of a pencil tip, that have been intentionally implanted in Chinese manufactured circuit boards for information espionage is causing dire concerns. But, is this for real? Or just a fabrication with political intent, and what will be the repercussions on both sides of the true and false spectrum?