Intel is rising after saying it's fixed the 'Spectre' CPU flaw

Getty/David Becker

Intel was rocked this week after Google engineers discovered two major security flaws in the way the company’s chips operate. One of the flaws were said to be unfixable by a simple software update.

However, Intel’s stock is up 0.63% to $US44.71 on Friday after the company said it has found a fix to the previously unfixable problem.

Google engineers announced on Wednesday that there were two main issues with Intel’s chips. One was christened “Meltdown,” and the other, “Spectre.” The Meltdown flaw is less serious and can be patched by software that is already being released by many of the major computer operating systems.

The Spectre flaw was more serious and it affects chips from AMD, ARM, and Intel. The flaw was thought to be much harder to fix, if fixable at all. Google called the flaw Spectre because it thought “it will haunt us for quite some time.”

But Intel said that it had found a fix for 90% of its processors made in the last five years and that the fix will be ready by the end of next week. If Intel is right, it will have closed a major security flaw in its processors.

Intel also said it doesn’t expect a major performance hit to its processors when it launches the fix, which was a concern of Google’s. Pundits have said that computer performance could take as much as a 30% hit because of the way the security patch would have to change how processors function.

AMD, which originally said its chips were not subject to the flaws, has since reversed their stance and are down another 3% on Friday, as Intel rises.

Intel is up 22% over the last year.

Read more about the flaws and how Intel has said it can fix them here.

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