Re: What an absurdity!
I, for not a single moment, believe that the Intel security team did not realize that there were security holes. I think that they were, like in most companies, pushed aside. It was a business tradeoff. Most businesses have to make trade-offs based on the projected Loss. Speculative instruction execution, always raises the hackles in most security engineers. I remember quizzing a certain chip vendor about it and they were not surprised by my line of questioning.
Intel will only change if the market pressure is high enough or because of regulations and fines. Maybe GDPR can be used against Intel. The fines are 2-4% of global revenue. The previous CEO sold his stock when these issues were discovered.
Let's look at it in a different market: We all know that cars are extremely hackable. Even the Tesla gets hacked (nowadays with great difficulty). The reasons that Auto companies can skate around cyber security is:
1. No car has been hacked in the field by the bad hackers (white hat hackers not included)
2. No one has died.
3. They have cyber insurance.
4. Market doesn't care enough.
5. There are no NHTSA requirements to do so. Guidelines only.