Why are shares in this British chipmaker falling?

Ensilica, a British chipmaker, is feeling the aftershocks of a cyberattack. Their connection to Jaguar Land Rover has made them vulnerable, causing their shares to drop 14% in just a day. The cyberattack has shaken Jaguar’s supply chain, and although Ensilica hasn't officially named Jaguar, no other major carmakers have reported similar attacks. Ensilica has adjusted its revenue forecast to £28-30 million, a significant dip below expectations. Read more at the link in the bio 🔗 #jaguar #cyber #business #news #uknews