‘It Can’t Be True.’ Inside the Semiconductor Industry’s Meltdown - Bloomberg: Fogh and Gruss stayed up late at night discussing the theoretical basis for what would later become Spectre and Meltdown. But, like Prescher more than a year later, the Graz team was skeptical this was a real flaw. Gruss recalls telling Fogh that the chipmakers would have uncovered such a glaring security hole during testing and would never have shipped chips with a vulnerability like that.