TWSE Fines Foxsemicon Integrated Technology for Delayed Material Disclosure Following January Cyberattack

According to iThome, new developments have emerged regarding the January cyberattack on Foxsemicon Integrated Technology (京鼎), a major semiconductor equipment manufacturer under Foxconn Technology Group, in which hackers defaced the company's homepage ^[1]. On April 26, the Taiwan Stock Exchange (TWSE) announced that it had fined the company under applicable rules for delaying its material information disclosure ^[1]. TWSE stated that Foxsemicon's internal control system design and execution, as well as its supervision and management of subsidiaries, failed to comply with Articles 5, 11, and 38 of the Regulations Governing Establishment of Internal Control Systems by Public Companies ^[1].

Industries mainly affected: Cross-industry

TWSE stated that Foxsemicon's internal control system design and execution, as well as its supervision and management of subsidiaries, failed to comply with Articles 5, 11, and 38 of the Regulations Governing Establishment of Internal Control Systems by Public Companies ^[1].