While there is no timeline details on the quantum chip - codenamed Tangle Lake - Krzanich was clear that this nascent technology could one day help solve the biggest problems humanity faces, taking minutes to solve problems that our current supercomputers take months or years to calculate, including drug development and climate modelling.
During a keynote delivered during the Consumer Electronics Show 2018, Intel disclosed the progress it has made in the driverless auto space. Achieving a 49-qubit test chip is an important milestone because it will allow researchers to assess and improve error correction techniques and simulate computational problems.
"We expect to solve key technical challenges that must be overcome to move quantum computing forward", Krzanich added.
Currently, Intel's Netherlands-based lab is testing and working on quantum computing systems. Of course, this problem isn't unique to Intel, with major companies like Google and Apple also falling within the purview of the attacks but it was Intel's initial response which seemed to disappoint many.
Intel's neuromorphic research prototype chip (Loihi) is now fully functioning and will be shared with research partners this year.
First announced in September, Loihi is Intel's effort in the fast-developing world of AI chips, an area where Nvidia and startups like Graphcore are also attempting to stake a claim.
Intel, which has said there was nothing improper in Krzanich's stock sale, said they were aware of the letter.
Intel is additionally extending this volumetric technology to content creation such as movies, where viewers can "be the actor".
Neuromorphic chips could ultimately be used anywhere real-world data needs to be processed in evolving real-time environments. While he didn't address the shakeup in Monday's keynote, Krzanich began his remarks by addressing the security issue head-on.
"Data is the foundation of innovation", Krzanich said, as he outlined Intel's vision for technology. But before that, it is going it change how we view sports, entertainment and gaming.
Whether or not you think flying cars will become a legitimate mode of transport, everyone is in love with the idea.
The Volocopter was built by a Germany-based company launched in 2012.
Addressing artificial intelligence, Krzanich showcased how companies are using Intel's technology to transform their businesses through AI.
When first prodded for information once the bugs were unearthed, Intel responded by crying foul over the exaggerated media reports and said, "Any performance impacts are workload-dependent, and, for the average computer user, should not be significant and will be mitigated over time". Intel, together with the official Rights Holding Broadcasters, will capture a record 30 Olympic events, with both live and video-on-demand content available.
Intel will also deploy its True VR technology during the Winter Olympics in PyeongChang in February.
The new chip, Krzanich said, is "a major breakthrough for quantum computing" and comes just two months after Intel announced it had fabricated a 17-qubit test-chip.