Arizona-based semiconductor manufacturer Microchip Technology detected a cyberattack against its systems on August 17. The company said in a regulatory filing with the SEC that “an unauthorized party disrupted the Company’s use of certain servers and some business operations.” Microchip had to isolate and shut down some affected systems while investigating the cause of the issue, it said.
This inevitably means disruption to operations, with manufacturing output falling below normal levels. Microchip has yet to determine the overall scope, nature, and impact of the attack, so the company has yet to ascertain how the event will affect the company’s bottom line.
