Microchip Technology, a prominent US semiconductor manufacturer, experienced a cyberattack that disrupted its operations and impacted its manufacturing capabilities. The breach, detected on August 17, 2024, involved unauthorized access to the company's IT systems. By August 19, the cyberattack had affected several servers, forcing the company to scale back operations at some facilities and impacting its ability to fulfill orders. As a result, Microchip Technology's stock saw a decline, with shares falling by 2% in after-hours trading. The company is currently working to isolate affected systems and recover from the incident.