According to reports, the foundry service provider X-FAB has been subjected to cyber security attacks and has temporarily closed its six factories.

X-FAB said that due to cyber attacks, all IT systems of the company have been shut down immediately on the advice of industry-leading security experts. As an additional precautionary measure, production at its six production sites in Germany, France, Malaysia and the United States has been suspended.

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. However, industry insiders said that this will have an impact on the global foundry industry.

X-FAB is a leading analog/mixed-signal and MEMS foundry group. The company produces silicon chips for automotive, industrial, consumer, medical and other applications. The company has approximately 3,800 employees worldwide.