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Microchip Technology Says It Detected Potentially Suspicious Activity Involving Its IT Systems; Says Certain Of Manufacturing Facilities Are Operating At Less Than Normal Levels - Filing

Author: Benzinga Newsdesk | August 20, 2024 04:21pm

Upon detecting the issue, the Company began taking steps to assess, contain and remediate the potentially unauthorized activity.

On August 19, 2024, the Company determined that an unauthorized party disrupted the Company’s use of certain servers and some business operations.

The Company promptly took additional steps to address the incident, including isolating the affected systems, shutting down certain systems, and launching an investigation with the assistance of external cybersecurity advisors.

As a result of the incident, certain of the Company’s manufacturing facilities are operating at less than normal levels, and the Company’s ability to fulfill orders is currently impacted.

The Company is working diligently to bring the affected portions of its IT systems back online, restore normal business operations and mitigate the impact of the incident.

Posted In: MCHP

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