Brief: X-Fab Affected By Cyber Attack

X-Fab Silicon Foundries Europese Vennootschap

06/07/2020 07:36

July 6 (Reuters) - X Fab Silicon Foundries EV  XFAB.PA :
    * X-FAB AFFECTED BY CYBER ATTACK
    * ON JULY 5, 2020, X-FAB GROUP WAS TARGET OF A CYBER
SECURITY
ATTACK.
    * ALL IT SYSTEMS HAVE BEEN IMMEDIATELY HALTED
    * PRODUCTION AT ALL SIX MANUFACTURING SITES HAS BEEN STOPPED
    * X-FAB HAS PROMPTLY ENGAGED WITH RELEVANT AUTHORITIES TO
INVESTIGATE UNPRECEDENTED INCIDENT
    * ALSO DECIDED TO IMMEDIATELY START TEMPORARY FABRICATION
FACILITY
SHUTDOWNS THAT WERE INITIALLY PLANNED TO TAKE PLACE LATER IN Q3
IN CONTEXT OF X-FAB'S COVID-19 COST-SAVING INITIATIVE
    * AT THIS STAGE, IT CANNOT BE ESTIMATED FOR HOW LONG AND TO
WHICH
DEGREE X-FAB'S OPERATIONS WILL BE DISRUPTED
    * IT IS ALSO TOO EARLY TO ASSESS IF THERE WILL BE ANY
FINANCIAL
IMPACT

Source text for Eikon:  ID:nBwB9lKta 
Further company coverage:  XFAB.PA 

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