Finance: Intel pops after reports it was late to alert the US government to chip flaws (INTC)

Shares of Intel rose on Friday despite reports that the US government was not alerted earlier to chip flaws that could have impacted national security.

• 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 $47.32 per share, and was down 1.16% for the year.

posted by Campus94