Brief: X Fab Silicon Foundries To Resume Production After Cyber Attack

X-Fab Silicon Foundries Europese Vennootschap

13/07/2020 07:46

July 13 (Reuters) - X Fab Silicon Foundries EV  XFAB.PA :
    * ON TRACK TO RESUME PRODUCTION AFTER CYBER ATTACK
    * DOES NOT EXPECT A MAJOR IMPACT ON ITS BUSINESS
    * MOST ORDERS ARE FORESEEN TO BE EXECUTED WITHIN Q3
    * ONLY SOME DELIVERIES MAY HAVE TO BE SHIFTED TO Q4 AFTER
CLOSE
ALIGNMENT WITH RESPECTIVE CUSTOMERS
    * ALL OTHER SITES WILL FOLLOW WITHIN A WEEK'S TIME FRAME
FROM NOW
    * AFTER A DETAILED CHECK, X-FAB DOES NOT ANTICIPATE DAMAGE
TO WORK
IN PROGRESS CAUSED BY SUDDEN STOP OF ITS PRODUCTION LINES
    * FINANCIAL IMPACT OF CYBER ATTACK IS NOT EXPECTED TO BE
MATERIAL
    * PUBLICATION OF THE SECOND QUARTER RESULTS INITIALLY
PLANNED FOR
JULY 30 WILL BE POSTPONED TO AUGUST 27, 2020

Source text for Eikon:  ID:nBw4dhCdka 
Further company coverage:  XFAB.PA 

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