Fixes On The Way For Serious Chip Security Flaws — Intel CEO

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Intel was aware of major security vulnerabilities uniquely affecting its processors for months prior to Mr. Krzanich's October 30, 2017 adoption of a plan to sell the vast majority of his Intel holdings.

Previous Intel statements had added that the performance impact for the average computer user "should not be significant", and the company also released partner statements from Apple, Microsoft, Amazon and Google describing the impact with words like "not.meaningful", "not.noticeable", "no measurable reduction" and "negligible impact".

8, 2018 /PRNewswire/ - Block & Leviton LLP (www.blockesq.com) a securities litigation firm representing investors nationwide, is investigating Intel (Nasdaq: INTC) CEO Brian Krzanich's sale of the vast majority of his Intel stock - over $39 million - on November 29, 2016.

Krzanich says there's no evidence anyone has attempted to exploit the flaws, which affect processors built by Intel and other chipmakers.

A shadow hung over Monday's presentation amid questions about the fundamental security inside computer chips from Intel and its rivals.

Intel veteran and HR chief Leslie Culbertson will run the new group.

Intel CEO promises 'Meltdown' and 'Spectre' security chip flaws will be fixed soon

"Security is job number one for Intel and our industry", he said.

At the same time, it is important to note that the Intel flying car is yet to be authorized by FAA (Federal Aviation Administration). According to researchers, the company knew since June about Meltdown and Spectre.

Today at CES in Las Vegas we attended a large event hosted by Intel. While he didn't address the shakeup in Monday's keynote, Krzanich began his remarks by addressing the security issue head-on.

Intel has put particular emphasis on self-driving cars, spending $15 billion last year to buy a small Israeli company called Mobileye that had an early lead in producing technologies for that market.

At the end of the evening, Krzanich brought a "Volocopter" on stage, an autonomous helicopter little bigger than a car, which uses Intel technology to navigate through the air. "The collaboration of so many companies [to mitigate the threat] is truly remarkable", Krzanich said.