And prior to that, there were already persistent rumors in the Chinese interney of certain Chinese mobos sending "weird garbage on ICMP," and "BMCs that somehow boot and work with their flash memory soldered off"
Remembering that, I might even suggest that this is not a modchip that does something with signal on the go, but just a very tiny flash chip that has the modded firmware.
Going further from that, to pack, say, 16 mB on a sandgrain sized chip, the densities need to be like that of best flash chips out there, which also means that they have access to last gen flash fab.