Semiconductor Firm Analog Devices Discloses Data Breach

Semiconductor company Analog Devices, Inc. (NASDAQ: ADI) has disclosed a data breach stemming from a hacker attack detected last month.

Analog Devices is a Massachusetts-based company with roughly 24,000 employees and $12 billion in annual revenue that designs and manufactures analog, mixed-signal, and digital signal processing chips used across industrial, automotive, and communications equipment.

In a Wednesday filing with the SEC, Analog Devices said it detected unauthorized access to certain systems on June 23.

An investigation conducted with the aid of outside security experts revealed that hackers stole certain files, but no information has been shared on what type of information was compromised.

The company said the incident did not disrupt its operations and it’s not aware of the files being leaked or used for malicious purposes.

According to Analog Devices, this cybersecurity incident is not expected to have a material impact on its business, operations, or financial condition.

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