Semiconductor industry giant says ransomware attack on supplier will cost it $250 million

Multibillion-dollar corporation Applied Materials, which provides technology for the semiconductor industry, said during an earnings call this week that a ransomware attack on one of its suppliers would cost it $250 million in the next quarter. 

The company did not say which supplier it was referencing, but several industry analysts said it was technology and engineering company MKS Instruments. MKS announced Monday that it was forced to reschedule its own fourth-quarter earnings call due to a ransomware attack that was …

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