Microchip Technology Updates on Cybersecurity Incident

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The company has restored most of its operationally critical IT systems and continues to work on bringing the remaining systems online. The company believes that employee contact information and some encrypted and hashed passwords were accessed by an unauthorized party. The company has notified law enforcement and regulators and is investigating the claims and impact of the incident.

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About Microchip Technology Inc.

Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors. The company's primary function is to design and manufacture embedded control solutions that include memory, mixed-signal, and linear components. These products are essential in enabling a wide range of applications across various industries, such as automotive, communications, computing, consumer electronics, and industrial sectors. Notably, Microchip's extensive portfolio supports the development of smart devices and IoT applications, fostering innovation in automation and connectivity. Headquartered in Chandler, Arizona, Microchip Technology Inc. plays a crucial role in the global semiconductor industry, facilitating technological advancements with its reliable and high-performance products. Through strategic acquisitions and developments, the company consistently expands its influence, serving a broad base of customers with comprehensive microcontroller and control solutions. With its commitment to quality and innovation, Microchip Technology Inc. is a pivotal player in driving the evolution of embedded control systems.