Intel Boss Offered Inventory Earlier Than Chip Flaw Disclosure

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Regulatory filings confirmed Mr Krzanich pocketed about $25m (£18.4m) earlier than tax from the sale of shares and choices in late November.

It emerged earlier this week that Intel was notified by Google final June of a flaw in its processor chips that might depart reminiscence and information susceptible to theft – leaving the corporate, and its rivals, scrambling to mitigate the danger.

:: Apple warns on chip safety flaw

Intel’s shares have tumbled by 5% for the reason that subject got here to gentle – the 2 recognized bugs named Meltdown and Spectre affecting not solely Intel’s processors but in addition these of AMD and ARM Holdings.

It’s now understood that, following the sale of his shares in November, Mr Krzanich presently holds simply above the minimal degree of inventory required of him by Intel.

Intel launched an announcement to insist there was no impropriety, saying the sale was “unrelated” and that he “continues to carry shares in step with company tips.”

Market commentators mentioned the exercise mirrored a divestment path for Mr Krzanich that had been specified by October.

GBH Insights chief technique analyst Daniel Ives instructed the AP information company the inventory sale was “cookie cutter” and never of concern.

 
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