Regulatory News:
X-FAB Silicon Foundries SE (BOURSE:XFAB)
On July 5, 2020, X-FAB Group was the target of a cyber security attack. Following the advice of leading security experts engaged by X-FAB, all IT systems have been immediately halted. As an additional preventive measure, production at all six manufacturing sites has been stopped.
X-FAB has promptly engaged with the relevant authorities to investigate the unprecedented incident. In addition, a team of internal and external security experts has been put in place to resolve the problem and to recover all systems. X-FAB also decided to immediately start the temporary fabrication facility shutdowns that were initially planned to take place later in the third quarter in the 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.
About X-FAB
X-FAB is the leading analog/mixed-signal and MEMS foundry group manufacturing silicon wafers for automotive, industrial, consumer, medical and other applications. Its customers worldwide benefit from the highest quality standards, manufacturing excellence and innovative solutions by using X-FAB’s modular CMOS processes in geometries ranging from 1.0 to 0.13 μm, and its special silicon carbide and MEMS long-lifetime processes. X-FAB’s analog-digital integrated circu ..
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