Intel is no longer the only one facing a set of class-action lawsuits over the Spectre and Meltdown vulnerabilities, as its competitor cum graphics partners, AMD, was recently dealt the same hand.
Specifically, the lawsuit accuses AMD of providing a ‘misleading’ statement; it states that AMD had allegedly supplied false statements in regards to its vulnerability to the Meltdown and Spectre CPU flaws. The statement, which dates back to the 3rd of this month, was as stated below:
“To be clear, the security research team identified three variants targeting speculative execution. The threat and the response to the three variants differ by microprocessor company, and AMD is not susceptible to all three variants. Due to differences in AMD’s architecture, we believe there is a near zero risk to AMD processors at this time.”
The problem with the statement stems from the ‘near zero risk’ point at the end of it. Investors in AMD have felt that that part of the statement was false, misleading, and had resulted in them suffering from losses.
As such, the lawsuit handed to AMD basically states that:
“Defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) a fundamental security flaw in Advanced Micro’s processor chips renders them susceptible to hacking; and (2) as a result, Advanced Micro’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.”