August 21, 2024 at 05:18AM
US semiconductor supplier Microchip Technology disclosed a cyberattack impacting its manufacturing facilities. The company detected suspicious activity on its IT systems on August 17, affecting some operations. It isolated affected systems, called in cybersecurity advisors, and is working to restore normal business operations. It’s unclear whether the attack will have a material impact.
Key takeaways from the meeting notes:
– Microchip Technology (NASDAQ: MCHP) has suffered a cyberattack impacting its manufacturing facilities.
– The suspicious activity was detected on August 17, and certain servers and business operations were disrupted on August 19.
– Microchip has isolated affected systems, shut down some systems, and called in external cybersecurity advisors for investigation.
– The incident has led to reduced operations at some manufacturing facilities and is currently impacting the company’s ability to fulfill orders.
– The company is diligently working to bring affected IT systems back online and restore normal business operations.
– It’s still uncertain whether the incident will have a material impact, as the company is yet to determine this.
– Microchip Technology is a supplier of microcontroller, mixed-signal, analog, and Flash-IP solutions to various sectors.
It seems like the company has been targeted in a ransomware attack, although no specific ransomware group has claimed responsibility yet. This incident is still recent, and it’s mentioned that cybercriminals often wait before claiming responsibility.