Rally, the policy is at https://wiki.ubuntu.com/StableReleaseUpdates

Ubuntu 14.04 LTS gets 5 years of security updates, but not every bugfix
will be backported to that release.

My understanding of the somewhat high profile issue reported this
weekend that triggered this bug and renewed interest in getting these
microcode updates to Ubuntu 16.04 LTS is that the headline issue is only
known to affect oCaml code. It's likely that most Ubuntu users do not
have any installed oCaml code.

That doesn't mean the update is useless for most Ubuntu users. There are
other processor fixes in the updates that may fix or workaround issues
that do affect more users. (Intel does not really provide many details
of what is changed in these updates.)

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https://bugs.launchpad.net/bugs/1700373

Title:
  Please update microcode to version 20170511 on all supported platforms

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