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

pulse

February 23, 2018 5:01 PM

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
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
Intel was trading at $47.32 per share, and was down 1.16% for the year.