Intel pops after reports it was late to alert the US government to chip flaws

  • Shares of Intel jumped 3.45% on Friday after reports that the chipmaker did not report the Meltdown and Spectre chip security flaws to the US government.
  • US cyber security officials have voiced concerns over not being alerted earlier to the flaws as they had potential national security implications.
  • However, Intel has maintained that it did not feel the need to disclose the flaws to authorities because hackers had not exploited vulnerabilities yet.
  • Before the news became public, Intel had notified only a few of its customers about the flaws, including the Chinese companies, Lenovo and Alibaba.
  • Intel was trading at $US47.32 per share, and was down 1.16% for the year.

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