How does CEO Intel try to reassure investors about security flaws?

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Intel CEO Brian Krzanich presented some of the recent Specter and Meltdown security holes that were recently discovered in most Intel processors.

He said that the company is working with its customers and partners to resolve errors and he "is acutely aware that we need to do more than that" in addition to offering bug fixes. soft.

In the long run, Intel is making changes in its processors to permanently break the security risks, and these updated processors will start appearing on the market later this year. . In recent times, Intel is providing many fixes, but Krzanich admits that the situation is very volatile and shares that the company is updating security risk factors in its products. step by step.

How does CEO Intel try to reassure investors about security flaws? Picture 1

Krzanich said: "We are committed to this task, and I believe we are facing many challenges. He added that he has appointed the best Intel security team to solve the problem. ".

Last year, Intel reported 79 cents (VND 17.95) per share over $ 1637 billion. The company has cut costs to cope with slower growth when smartphones have replaced computers to become the main consumer device when communicating and surfing the Internet.

Full-year sales were $ 62.8 billion, a share price of $ 3.46, compared with $ 59.5 billion in revenue and $ 2.72 a year earlier. McAfee, a security software that Intel launched, showed revenue growth of 8%. Not only that, Intel's stock price rose 3.75% to $ 47 per share.

Intel's personal computer revenue reached $ 9 billion this quarter, down 2%. Datacenter's revenue is $ 5.6 billion, up 20%. Internet of Things revenue (IoT) reached 879 million, up 21%. Revenue of memory group reached 889 million dollars, up 9%. And programming solutions revenue is $ 568 million, up 35%.

In this quarter, Intel has released a record number of Core i7 processors. Krzanich said Intel has 30 designs for Mobileye chips for self-driving cars.

He also said that the PC market has improved throughout 2017 and adds that while the competitive environment has increased, Intel has grown and reached several important records for the year.

See more:

1. Apple 'home' chip manufacturing journey, threatening rulers Qualcomm and Intel
2. Samsung usurped Intel, becoming the world's largest chip maker
3. Overview of vulnerabilities on Intel, AMD, ARM chips: Meltdown and Specter