Microchip Technology has disclosed an incident involving unauthorized access to its IT systems, which has led to disruptions in its manufacturing capabilities and order fulfillment.
On August 19, after detecting suspicious activity on August 17, Microchip found evidence of unauthorized access, prompting measures such as isolating systems and consulting cybersecurity experts.
Due to the incident, certain manufacturing facilities are operating below normal levels. This disruption negatively impacts Microchip's ability to fulfill orders, underlining the incident's seriousness.
With recent funding from the Biden administration to expand facilities vital to key sectors, any reduction in manufacturing capacity at Microchip raises significant concerns for the automotive and aerospace industries.
#microchip-technology #cybersecurity-incident #manufacturing-disruption #semiconductors #us-government-funding
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