Intel responded that its next-gen CPUs will not have hardware protection against Variant 4:
Intel has confirmed that its in-silicon hardware protection does not extend to Variant 4, and that it will be relying on the microcode mitigation - which, it must be remembered, is disabled by default - on both current-gen and next-gen processors.The microcode updates for Spectre Variant 4 have an up to eight percent impact on system performance. It really feels like this is just the beginning of a bigger focus on CPU vulnerabilities, the discovery of Meltdown and Spectre will likely be remembered as the moment the chip industry started to realize that security needs a much bigger focus.
'As we shared in our announcement on March 15, those design changes provide protection against Variant 2 and 3,' an Intel spokesperson tells us. 'For Variant 4 – in addition to the browser-based mitigations that are already available -- we’ve added functionality into our microcode called the Speculative Store Bypass Disable (SSBD) bit. This functionality will continue to be utilised on future hardware platforms ensuring customers can stay protected.'