The chip itself would be securely affixed to your motherboard, such that any attempt to remove it and replace it with a compromised chip would be immediately obvious to you (for example, it might encapsulate some acid in a layer of epoxy that would rupture if you tried to remove the chip).
They called this "Next Generation Secure Computing Base," or "Palladium" for short. They came to the Electronic Frontier Foundation offices to present it. It was a memorable day:
https://pluralistic.net/2020/12/05/trusting-trust/#thompsons-devil
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My then-colleague Seth Schoen - EFF's staff technologist, the most technically sophisticated person to have been briefed on the technology without signing an NDA - made several pointed critiques of Palladium:
https://web.archive.org/web/20020802145913/http://vitanuova.loyalty.org/2002-07-05.html
And suggested a hypothetical way to make sure it only served computer users, and not corporations or governments who wanted to control them:
https://www.linuxjournal.com/article/7055
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