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
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology detected potentially suspicious activity in its IT systems, leading to disruptions in some manufacturing facilities and business operations. The company is working to contain and remediate the issue.
August 20, 2024 | 8:21 pm
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Microchip Technology experienced a cybersecurity incident affecting its IT systems, leading to disruptions in manufacturing and business operations. The company is taking steps to contain and remediate the issue.
The cybersecurity incident has directly impacted Microchip Technology's manufacturing capabilities and business operations, which is likely to affect its short-term stock performance negatively. The company's efforts to resolve the issue are crucial for restoring normal operations.
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