Intel Chip Flaw

Gelsinger, who resigned on Dec. 1, left the company before the completion of an ambitious and costly four-year plan to restore the company's lead in making the fastest and smallest computer chips

The memory-chip market that underpins South Korea's semiconductor industry is notorious for its boom-and-bust cycle

Huang, Nvidia's co-founder, said AI is the driving force in a fundamental change in the economy and that Blackwell chips are "the engine to power this new industrial revolution"

Intel climbed as much as 1.1 per cent in late trading Friday after Bloomberg reported the news. The stock was down 13 per cent this year through the close

While China is still by far South Korea's biggest trading partner, monthly exports to the US surpassed those to China for the first time in more than two decades

Intel's business model has come into question in recent years as the company lost its manufacturing lead to the Taiwanese and Korean companies

The cause of the new public relations crisis for Intel are Meltdown and Spectre. Meltdown affects only Intel chips

Reports suggest the industry has known of the problem for months but only limited details have been disclosed so far