Taiwan Semiconductor confirms data breach by Russian-linked ransomware group
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Taiwan Semiconductor (NYSE:TSM) confirmed on Friday that it had been the recipient of a data breach from a group linked to Russia.
In a statement to TechCrunch, an unnamed Taiwan Semiconductor (TSM) spokesperson said there was a "cybersecurity incident" at Kinmax Technology, one of its IT hardware suppliers. The breach resulted in the leak of "information pertinent to server initial setup and configuration."

The spokesperson added the incident did not impact Taiwan Semiconductor's (TSM) business operations or any of its customer information. However, Taiwan Semiconductor "immediately terminated its data exchange with this concerned supplier," the spokesperson stated.
Taiwan Semiconductor did not immediately respond to a request for comment from Seeking Alpha.
The hack is linked to LockBit, which has threatened it will publish the data from the company unless it is paid a $70M ransom.
Taiwan Semiconductor (TSM) is the world's largest foundry and produces chips for a number of companies, including Apple (AAPL), Nvidia (NVDA) and AMD (AMD), among others.
Taiwan Semiconductor (TSM) shares were up around 0.6% in early morning trade on Friday.

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