X-FAB affected by cyber attackInvestor Relations, NEWS, July 6, 2020.
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.
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Due to the current unavailability of X-FAB's IT systems, this press release was distributed via Business Wire only and is available on the Company's website.