August 20, 2024 at 05:07PM
American chipmaker Microchip Technology Incorporated experienced a cyberattack disrupting operations across its manufacturing facilities. This affected the company’s capacity to meet orders, prompting them to shut down systems and isolate affected areas. The incident, which was detected on August 17, 2024, is currently being evaluated with external cybersecurity experts’ assistance, with the full impact remaining uncertain.
From the meeting notes, it is clear that Microchip Technology Incorporated experienced a cyberattack impacting its systems and disrupting operations across multiple manufacturing facilities. The incident has led to reduced capacity at some manufacturing facilities, affecting the company’s ability to meet orders.
Microchip Technology Incorporated has taken steps to manage the situation, including shutting down some systems and isolating the affected ones following the breach. The company is working with external cybersecurity experts to evaluate the extent and impact of the cyberattack and is also focused on restoring affected IT systems and returning to normal business operations.
While the full scope, nature, and impact of the incident are still being evaluated, it was suggested in the meeting notes that the cyberattack may have involved ransomware. However, no ransomware operation has claimed responsibility for the attack. As of now, the company has not determined whether the incident is reasonably likely to materially impact its financial condition or results of operations.
A spokesperson from Microchip Technology Incorporated was not immediately available for comment when contacted for further information.