Decoupling capacitors perform a very specific, and very easy to see function. They have two pins: C+ and C-, and the capacitor tries to keep C+ and C- at roughly the same voltage level across time. In particular, Decoupling capacitors are fully passive (non-powered) devices.
Ex: If the C+ and C- pins are 3V (on the average), then a decoupling capacitor will help keep the voltage stay at 3V. The mechanical analogue would be a flywheel: it helps regulate the voltage and prevents voltage spikes.
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It makes NO SENSE for a chip to disguise itself as a decoupling capacitor. There are lots of other chips that would be a better disguise. The fundamental premise and explanation is a joke to begin with.
Like, how are you supposed to hack into a computer at the electrical level using only two pins?
Mind you: an intelligent chip-level hacking device needs... at minimum... Power, and Ground. Bam, you already used up the two pins that a decoupling capacitor has... and you haven't even touched memory or other issues yet.
Clearly, the reporters have gotten something wrong. I can believe that the reporters maybe have a real story here, but they are wandering into technical details that they clearly do NOT understand. Clearly, a mistake or misunderstanding is somewhere in that explanation.
At very least, a chip-level attacker would need... I dunno, maybe 3 or 4 pins, at the minimum. I haven't thought about it much, but its instinctively obvious that the 2-pins of a decoupling capacitor is insufficient to do any kind of hacking.
Your instincts seem to have deceived you. There's a top-level comment with a variety of replies that discusses a 2-pin device to snoop or modify data to an I2C device, and plenty of other literature documenting the feasibility of such devices.
The comment that you are referring to used a 2-pin device in place of the pull-up resistor on the SDA line of an I2C bus. That does seem fascinating and I would like to read more about it but I still have a lot of reservations about real-world applications.
The full article here: https://www.bloomberg.com/news/features/2018-10-04/the-big-h...
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As for what that thing is... its this (or something like this): https://www.digikey.com/product-detail/en/avx-corporation/W2...
That's an 8-pin decoupling capacitor. But there are "really" only 2-pins. The 8-pins are there to reduce resistance and inductance.
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Its very clear what happened. One expert probably said something like "The Chinese are using small chips to hack us". And a 2nd expert said "The smallest chip I know of is the 0402 chip-capacitor".
The reporters then combined the two expert opinions into an incorrect statement. I would NOT be surprised if the Chinese were using small chips to hack BMCs of SuperMicro (although there's no evidence of it... it would have at least been a believable story).
But as soon as I saw the above graphic, I just WTF'd at Bloomberg. The infographic was about as misleading and WRONG as you can get.