Intel CEO Promises Chips That Fix Spectre & Meltdown Flaws

During Intels fourth-quarter earnings call, CEO Brian Krzanich promises the company will ship processors that are free of the Spectre and Meltdown flaws later this year.

With nearly the entire IT industry still getting to grips with the Spectre and Meltdown vulnerabilities found in CPUs, Intels CEO promised that a more permanent silicon fix would arrive later this year.
In a call with analysts to discuss the companys fourth-quarter financial results, Intel Corp. (Nasdaq: INTC) CEO Brian Krzanich said that new chips that correct the Spectre and Meltdown flaws would ship later this year, although he did not give a specific timeframe.
Were working to incorporate silicon-based changes to future products that will directly address the Spectre and Meltdown threats in hardware. And those products will begin appearing later this year, the CEO stated,
according to a transcript
of the January 25 call.
Intel CEO Brian Krzanich

(Source:
Intel
)
While some have argued that these two security flaws have been part of CPU architecture for the past 20 years, a research report published earlier this year highlighted that attackers could use these vulnerabilities to hack into the hardware itself. Specifically, the researchers found that by manipulating pre-executed commands within the chip, which help make data available faster, hackers can gain access to the content of the kernel memory.
This, in turn, can allow the hacker to gain access to encryption keys and other authentication details of whatever system the CPU is running in.
While Intel, which is the worlds largest maker of x86 chips, has taken the brunt of the criticism, other chip suppliers, such as Advanced Micro Devices Inc. (NYSE: AMD) and ARM Ltd. (Nasdaq: ARMHY; London: ARM), have also been called on to answer for the Spectre and Meltdown vulnerabilities. (See
Congressman Looking for Answers About Spectre & Meltdown
.)
Still, Intel has managed to bungle some of the response to the vulnerabilities since early January when the paper first came out. A series of BIOS patches caused additional problems with performance, and the company was forced to withdraw those and start again. (See
HPE, Dell EMC Warn Customers Over Spectre, Meltdown Patches
.)
After that, Linux founder Linus Torvalds took to a message board earlier this week and slammed Intels response as complete and utter garbage. (See
Linus Torvalds: Intels Spectre Patch Is Complete & Utter Garbage
.)
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While Krzanich did not dwell on Spectre and Meltdown for long during Thursdays call, he did note that the company has allocated significant resources to fixing the problem and has updated its risk assessments to reflect these ongoing problems. Ive assigned some of the very best minds at Intel to work through this and were making progress, he added.
The good news for Intel is that it produced a solid fourth quarter that sent the companys stock up almost 4% in after-hours trading on Thursday night: However, its worth noting that the quarter ended before the vulnerabilities were announced.
During the fourth quarter
, Intel posted non-GAAP earnings per share of $1.08 and revenue climbed 4% year-over-year to reach $17.1 billion. Analysts were expecting earnings per share of $0.86 and revenue of about $16.34 billion, according to
Reuters
.
The chipmaker did take a hit on a $5.4 billion charge related to taxes on offshore earnings.
For the year, Intel posted total net income of $9.6 billion and revenue of $62.8 billion.
Related posts:
Spectre, Meltdown Flaws Already Producing Spam
After Spectre & Meltdown, Intel Faces an Evil Maid Problem
Security Warning: Intel Inside
Meltdown & Spectre News Gets Worse – & Better
— Scott Ferguson, Editor,
Enterprise Cloud News
. Follow him on Twitter
@sferguson_LR
.

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Intel CEO Promises Chips That Fix Spectre & Meltdown Flaws