Unlike Spectre or Meltdown, the side-channel attacks don't rely on previously disclosed exploits and are immune to the current crop of countermeasures.
"We need to address the larger set of problems caused by the unchecked power of monopolies, and that includes big tech companies," Sen. Amy Klobuchar (D-Minn.) said.
The company, which raised $151 million to date, plans to invest in growing its brand visibility and expanding the scope of its multi-cloud networking platform.
In a memo to Intel staff, Gelsinger called on the company to take the necessary steps to restore the company's leadership position in the semiconductor market.