US chipmaker Microchip Technology suffered a cyberattack, shutting down systems and limiting operations.

Microchip Technology, a major US chipmaker, has experienced a cyberattack, forcing it to shut down some of its systems and scale back operations. Detecting suspicious activity on August 17th, the company confirmed a breach on August 19th. Microchip has isolated affected systems, shut down certain systems, and launched an investigation with external cybersecurity advisers. The full scope, nature, and impact of the incident are yet to be determined, and the company's operations are currently running at "less than normal levels," affecting order fulfillment.