The N.S.A. hacked into target computers to snare messages before they were encrypted. And the agency used its influence as the world’s most experienced code maker to covertly introduce weaknesses into the encryption standards followed by hardware and software developers around the world.
This is mostly a confirmation of what has been supposed: No magic, mostly bribed and coerced cooperation from the people who should be keeping our communications secure.
And while it doesn't do anything for the credibility of US-based companies, N.B.: "hardware and software developers around the world."