Krzanich promises that by January 15th, 90 percent of Intel CPUs made in the last five years will be updated, with the remaining 10 percent patched by the end of the month. The company will then start working on updates for older chips "as prioritized by (its) customers."

The Intel CEO also notes that the impact of Meltdown and Spectre patches on performance can vary widely, but that Intel will provide progress reports on the patches its working on. "To accelerate the security of the entire industry, we commit to publicly identify significant security vulnerabilities following rules of responsible disclosure and, further, we commit to working with the industry to share hardware innovations that will accelerate industry-level progress in dealing with side-channel attacks," wrote Krzanich in his statement. He also committed to help fund academic and independent research into possible security issues in the future.