The paper states "additional funding was provided by generous gifts from Intel," so let's start there.
The disclosure appears in the Acknowledgement section of the paper, and after that whole
CTS Labs controversy two years ago, it's understandable why some people might be suspicious. Daniel Gruss, an assistant professor in the Secure Systems group at the University who co-authored the paper, offered up some clarification on the matter on Twitter.
"You will find this in almost all of my papers, finding flaws in various processors and other things. Intel funds some of my students. If one of these students co-authors a paper, we acknowledge the gift of course," Gruss wrote.
He also noted half-jokingly that he could have "just dropped that PhD student off the paper instead," further noting that his "funding sources do not restrict my academic freedom and independence," otherwise he "couldn't accept that funding."
Intel's funding is interesting, and at the same time,
not sufficient reason alone to dismiss the findings, especially if things are as Gruss explains.