Chipmaker Microchip reveals cyber attack whacked manufacturing capacity

Microchip Technology reported that on August 17 it detected suspicious activity on its IT systems; an investigation confirmed unauthorized access by August 19, prompting isolation of affected systems and engagement of external cybersecurity advisors. The intrusion has reduced some manufacturing capacity and impaired order fulfillment, though the cause and full scope (including whether ransomware or data theft occurred) have not been disclosed.