ASML Holding Experiences Misappropriation of Data by Former Employee in China
15 February 2023 - 11:54PM
Dow Jones News
By Kyle Morris
ASML Holding NV said Wednesday that it has experienced an
unauthorized misappropriation of data relating to proprietary
technology by a former employee in China, but that it believes the
misappropriation isn't material to the business.
The Dutch semiconductor-equipment maker said in its annual
report that a comprehensive internal review was initiated, but
based on initial findings it doesn't think the incident was
material.
As a result of the security incident, certain export control
regulations might have been violated, it said.
ASML reported the incident to the relevant authorities, it
added.
"We are implementing additional remedial measures in light of
this incident," the company said.
The company also said it is experiencing an increasing number of
cyberattacks on its IT systems. Attacks include malicious software,
or malware, attempts and acts to gain unauthorized access to data
and other electronic and physical security breaches of systems.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
February 15, 2023 07:39 ET (12:39 GMT)
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