Fedora 26 just released, and it ships with QEMU v2.9 and an updated OVMF, which adds SMM security improvements. Quoting email from Laszlo Ersek of Red Hat:
QEMU 2.9 is part of Fedora 26. The full changelog for QEMU 2.9 is here:
http://wiki.qemu.org/ChangeLog/2.9
The broadcast SMI feature is just one tiny line in the huge list (and it only mentions the generic negotiation feature, not the specific broadcast one):
“The q35 machine type offers SMI feature negotiation to interested guest firmware.”
QEMU v2.9 is important for running the SMM driver stack of edk2 — more precisely, machine type “pc-q35-2.9” is important — because it offers negotiable SMI broadcast, i.e., where one VCPU writes to ioport 0xB2, and the SMI is raised synchronously on all VCPUs. See:
https://bugzilla.redhat.com/show_bug.cgi?id=1412313 [ovmf]
https://bugzilla.redhat.com/show_bug.cgi?id=1412327 [qemu]
QEMU v2.10 — more precisely, machine type “pc-q35-2.10” — will bring another SMM-related improvement, although not as critical as SMI broadcast. (And I guess it will be available in Fedora 27.) We call it “extended TSEG”, and it allows the QEMU user to specify more than 8MB SMRAM on the cmdline. This is important if you have a huge number of VCPUs, or huge guest RAM (into the TB range) because those things have a linearly growing SMRAM footprint (albeit with small constant factors). See:
https://bugzilla.redhat.com/show_bug.cgi?id=1447027 [qemu and ovmf, both committed]
https://bugzilla.redhat.com/show_bug.cgi?id=1469338 [libvirt, under design]
The patches (qemu and ovmf) committed for BZ#1447027 above solve the “many VCPUs” question. The “huge guest RAM” question needs more platform code in OVMF; the patch for that is on edk2-devel, pending review:
https://bugzilla.redhat.com/show_bug.cgi?id=1468526 [ovmf, pending review]
More info:
https://getfedora.org/
https://en.wikipedia.org/wiki/System_Management_Mode
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