Dive Brief:
- Microchip Technology’s manufacturing facilities, IT systems and order fulfillment were disrupted by a cyberattack, the Arizona-based chipmaker said Tuesday in a securities filing.
- “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,” Microchip President and CEO Ganesh Moorthy said in the filing with the Securities and Exchange Commission.
- Microchip said it first detected suspicious activity on Saturday and quickly took steps to assess, contain and remediate the intrusion. By Monday, the company confirmed an unauthorized party disrupted certain Microchip servers and some business operations.
Dive Insight:
Microchip said it has about 125,000 customers across the industrial, auto, aerospace and defense, communications and computing markets.
Upon detecting the intrusion, the company isolated affected systems, shut down some systems and brought in third-party cybersecurity experts to conduct an investigation.
The company is still working to bring affected portions of its IT systems back online and restore normal business operations.
“As the company’s investigation is ongoing, the full scope, nature and impact of the incident are not yet known,” Moorthy said in the SEC filing. “As of the date of this filing, the company has not yet determined whether the incident is reasonably likely to materially impact the company’s financial condition or results of operations.”
A spokesperson for Microchip declined to say how the attacker intruded its systems, if ransomware is involved or if the company received an extortion demand related to the attack.
“The investigation is ongoing and at this time there is no additional information to share,” the spokesperson said via email.
