The stocks of Microchip Technology, the American microchip maker, slipped during early post-market trading Tuesday after it revealed that an unauthorized party disrupted the company's use of certain servers and some business operations. The company noticed suspicious activity in its IT systems on August 17, and "began taking steps to assess, contain and remediate the potentially unauthorized activity," it revealed in an SEC filing on Tuesday afternoon.

The precautionary steps included "isolating the affected systems, shutting down certain systems, and launching an investigation with the assistance of external cybersecurity advisors." Microchip Technology said it is still working to bring the affected portions of its IT systems back online and restore normal business operations.

Till now the company has not declared if the cyberattack is expected to "materially impact" its "financial condition or results of operations." The company has roughly 123,000 customers across multiple industry sectors, including industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Read more about this story on our LinkedIn page