(RTTNews) – Microchip Technology Corp. (MCHP) said Tuesday that “unauthorized parties” had disrupted the use of certain of the company's servers and some of its business operations.
Microchip said in a filing with the SEC that it detected suspicious activity related to its information technology systems on Aug. 17.
“Upon discovering the issue, we began taking steps to evaluate, contain, and remediate the potentially unauthorized activity. On August 19, 2024, we determined that an unauthorized third party had disrupted our use of certain of our servers and certain business operations,” it added.
The company said it had taken additional steps to address the incident, including isolating affected systems, shutting down certain systems and launching an investigation with the assistance of external cybersecurity advisors.
However, as a result of the incident, some of the company's manufacturing facilities are operating at lower than normal levels, affecting its ability to fulfil orders.
Microchip added that the investigation is ongoing and the full extent, nature and impact of the incident are not yet known.
The Company has not yet determined whether this matter may have a material effect on its financial condition or results of operations.
This is the latest security incident at a US semiconductor manufacturer this year, after Advanced Micro Devices (AMD) said earlier this year that it was investigating claims that its data had been stolen in a hack.
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