He said that Intel had not received any information that any data has been compromised on its chips to date.
"That sci-fi vision of the future is actually much closer than you may think", Krzanich said. The company told CNNMoney the stock sale was not related to the security issues. Security is job number one for Intel and our industry.
Quantum computing also got a shout-out, as Intel flagged that its new Tangle Lake 49-qubit quantum computing test chip is now being shared with research partner QuTech, another step in getting deployed and once again significantly speeding up processing power.
Meltdown was discovered by Graz University of Technology researcher, Daniel Gruss. Amazon has also issued fixes for its cloud servers.
Should we be bothered by Spectre and Meltdown?
"We created a microprocessor monoculture", said Bryan Cantrill, chief technology officer at Joyent, a cloud service owned by Samsung.
Intel's situation is complicated by history and semantics.
Both flaws affect something called "speculative execution" in modern computer chips, but they can be abused in different ways.
Intel shares are down about 4.5% since news of the chip flaws first emerged.
As a result, the security issues that were discovered were not flaws or bugs, he said.
There is no evidence these flaws have been exploited.
One of the people that asked customer support for Intel CPU Replacement mentioned that as soon as you mention consumer protection laws customer supports changes "won't replace it" to "we need to look into it" and after that take some details from you and do nothing with that information. Google said its users of Android phones - more than 80 percent of the global market - were protected if they had the latest security updates. Security researchers have uncovered vulnerabilities, dubbed "Meltdown" and "Spectre", that could compromise almost every modern computer, smartphone and table.
Mr. Smith said Intel and its partners had originally planned to disclose the security problems and their proposed solutions on January 9, before the news was broken last week in The Register, a tech publication. "This is not a simple 'we found a bug, here's a patch and we are done, '" Mr. Schneier said.