Cybersecurity
Intel CEO Krzanich Slashed Stock Holdings at End of Last Year
- Company says sale had nothing to do with chip vulnerability
- Executive was using pre-arranged trading plan adopted in 2015
Intel Says Fixes for Exploit Coming Over Next Few Weeks
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Intel Corp. Chief Executive Officer Brian Krzanich sold off a chunk of company stock in the fourth quarter of last year, bringing his holdings to a five-year low.
The sale has captured attention thanks to revelations that Intel chips are potentially vulnerable to hackers. Reports of the issue weighed on the shares and prompted the company to acknowledge the problem on Tuesday, saying its chips weren’t the only ones affected and predicting no material effect on its business.