Microchip Confirms Cyber Incident, Impacting Operations and Order Fulfillment
Microchip Technology, a leading semiconductor manufacturer, has confirmed a cybersecurity incident on August 17, 2024. The full extent of the cybersecurity breach remains unclear, but it has impacted the company's operations and order fulfillment.
The cybersecurity incident involved unauthorized activity on Microchip's IT systems, disrupting the use of certain servers and some business operations. This has led to a temporary reduction in the company's manufacturing facilities' output, which generated over $8bn in revenue last year. Microchip's ability to fulfill orders is currently affected, though the specific nature and impact of the cybersecurity incident are still being assessed.
This cybersecurity incident is not an isolated case. Several major chip manufacturers have suffered ransomware or data theft incidents in recent years. The semiconductor industry has become a popular target for digital extortion, highlighting the need for robust cybersecurity measures.
Microchip Technology is working to resolve the cybersecurity issue and restore normal operations. The company has not yet identified a specific cyber attacker associated with the cybersecurity incident. As the investigation continues, more details about the cybersecurity incident's impact and potential recovery timeline may emerge.
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