What changed in this filing

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Item 1A. Risk Factors

2021-05-19 compared with 2021-02-17 · 16 added, 14 removed, 395 unchanged (7% of the section changed)

8 unchanged sentences

These closing conditions include, among others, the receipt of required approvals under certain foreign competition laws, and the absence of governmental restraints or prohibitions preventing the consummation of the merger.

To date, required regulatory approvals have been obtained in all jurisdictions with the exception of China.

No assurance can be given that the required governmental and regulatory consents and approvals will be obtained or that the required conditions to closing will be satisfied, and, if all required consents and approvals are obtained and the required conditions are satisfied, no assurance can be given as to the terms, conditions and timing of such consents and approvals.

61 unchanged sentences

The extent to which the novel strain of the coronavirus (COVID-19) pandemic will adversely affect our business, financial condition and results of operations is uncertain.

The COVID-19 pandemic has resulted in government authorities implementing numerous measures to try to contain the virus, such as travel bans and restrictions, quarantines, shelter in place orders, and shutdowns.

These measures have adversely impacted and are expected to continue to adversely impact our workforce and operations, the operations of our customers, and those of our respective vendors and suppliers.

The COVID-19 pandemic, and the numerous measures implemented by government authorities in respond, have adversely impacted and are expected to continue to adversely impact our workforce and operations, the operations of our customers, and those of our respective vendors and suppliers.

We have significant operations worldwide, including in the United States, the Philippines, Ireland, Singapore, Malaysia, China, and India.

Each of these countries has been affected by the pandemic and taken measures to try to contain it, resulting in disruptions at some of our manufacturing operations and facilities, including restrictions on our access to facilities.

It is uncertain what the extent of the impact, and duration, of such measures and potential future measures may be and how such measures will affect our vendors and suppliers.

It is uncertain what the full extent of the impact, and duration, of such measures and potential future measures may be and how such measures will affect our vendors and suppliers.

Increased restrictions on or disruptions of transportation, such as reduced availability of air transport, port closures, and increased border controls or closures, could limit our capacity to meet customer demand and have a material adverse effect on our business, financial condition and results of operations.

3 unchanged sentences

We may take further actions as may be required by government authorities or that we determine are in the best interests of our employees, customers, partners, and suppliers, which may cause even further disruption.

Although these alternations to our business practices are intended to minimize the spread of COVID-19, we cannot provide assurance that such measures will be sufficient to mitigate the risks posed by COVID-19, and if

a significant number of our employees or members of our board of directors become ill, our ability to perform critical functions could be harmed.

Although these alterations to our business practices are intended to minimize the spread of COVID-19, we cannot provide assurance that such measures will be sufficient to mitigate the risks posed by COVID-19, and if a significant

number of our employees or members of our board of directors become ill, our ability to perform critical functions could be harmed.

The COVID-19 pandemic has significantly increased economic and demand uncertainty and has caused an economic slowdown that is likely to continue and could result in a global recession.

2 unchanged sentences

We cannot at this time fully quantify or forecast the impact of the COVID-19 pandemic on our business.

The degree to which the pandemic impacts our business, financial condition and results of operations will depend on the effectiveness of vaccines and therapeutics and future developments, which are highly uncertain, including the scope and duration of the pandemic, the actions to contain the virus or treat its impact, or how quickly and to what extent normal economic and operating conditions can resume.

The full extent of the impact of the impact of the pandemic on our business, financial condition and results of operations will depend on the effectiveness of vaccines and therapeutics and future developments, which are highly uncertain, including the continued duration and severity of the pandemic, the actions to contain the virus or treat its impact, or how quickly and to what extent normal economic and operating conditions can resume.

Political and economic uncertainty as well as disruptions in global credit and financial markets could materially and adversely affect our business and results of operations.

86 unchanged sentences

Our effective tax rate reflects the applicable tax rate in effect in the various tax jurisdictions around the world where our income is earned.

Our effective tax rate for the first three months of the fiscal year ending October 30, 2021 was below our U.S.

Our effective tax rate for the first three and six months of the fiscal year ending October 30, 2021 was below our U.S.

federal statutory rate of 21%.

56 unchanged sentences

These foundries often provide wafer foundry services to our competitors and therefore periods of increased industry demand may result in capacity constraints.

In addition, in certain instances, one of our vendors may be the sole source of highly specialized processing services or materials.

In addition, our manufacturing processes require availability of certain raw materials and supplies.

Limited or delayed access to these items could adversely affect our results of operations.

In certain instances, one of our vendors may be the sole source of highly specialized processing services or materials.

If such vendor is unable or unwilling to manufacture and deliver components to us on the time schedule and of the quality or quantity that we require, we may be forced to seek to engage an additional or replacement vendor, which could result in additional expenses and delays in product development or shipment of product to our customers.

7 unchanged sentences

The demand for our products is subject to the strength of our four major end markets of Industrial, Communications, Automotive and Consumer.

If we expand our operations and workforce too rapidly or procure excessive resources in anticipation of increased demand for our products, and that demand does not materialize at the pace at which we expect, or declines, or if we overbuild inventory in a period of decreased demand, our operating results may be adversely affected as a result of increased operating expenses, reduced margins, underutilization of capacity or asset impairment charges.

These capacity expansions by us and other semiconductor manufacturers could also lead to overcapacity in our target markets

which could lead to price erosion that would adversely impact our operating results.

affected as a result of increased operating expenses, reduced margins, underutilization of capacity or asset impairment charges.

These capacity expansions by us and other semiconductor manufacturers could also lead to overcapacity in our target markets which could lead to price erosion that would adversely impact our operating results.

Conversely, during periods of rapid increases in demand, our available capacity may not be sufficient to satisfy the demand.

27 unchanged sentences

To remain competitive, we may need to invest in or acquire other companies, purchase or license technology from third parties, or enter into other strategic transactions in order to introduce new products or enhance our existing products.

coverage, increase our engineering workforce, expand our technical skill sets or enhance our technological capabilities.

An element of our business strategy involves expansion through the acquisitions of businesses, assets, products or technologies that allow us to complement our existing product offerings, diversify our product portfolio, expand our market coverage, increase our engineering workforce, expand our technical skill sets or enhance our technological capabilities.

We may not be able to find businesses that have the technology or resources we need and, if we find such businesses, we may not be able to invest in, purchase or license the technology or resources on commercially favorable terms or at all.

52 unchanged sentences

Our ability to make payments of principal and interest on our indebtedness when due depends upon our future performance, which will be subject to general economic conditions, industry cycles and financial, business and other factors affecting our consolidated operations, many of which are beyond our control.

For example, the disruption to economic activity resulting from the COVID-19 pandemic has had, and is likely to continue to have, adverse effects on our supply chain, manufacturing operations and facilities, and workforce.

For example, the disruption to economic activity resulting from the COVID-19 pandemic has had, and is likely to continue to have, adverse effects on our supply chain,

manufacturing operations and facilities, and workforce.

If we are unable to generate sufficient cash flow from operations in the future to service our outstanding debt, we may be required to, among other things:

73 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors