110 unchanged sentences
We were instructed to move our gallium arsenide manufacturing line out of the area.
−Removed: Although the relocation is largely completed and we are in volume production at the new sites, unforeseen manufacturing issues at the new sites could still occur.
+Added: Although the relocation is completed and we are in volume production at the new sites, unforeseen manufacturing issues at the new sites could still occur.
Problems could occur as we add capacity or comply with strict guidelines as customers perform their qualifications.
61 unchanged sentences
The electrical power supply supporting 2-inch, 3-inch and 4-inch gallium arsenide and germanium crystal growth was damaged and production in that area was stopped.
−Removed: In addition, a waste water pipe was damaged resulting in a halt to wafer processing for four days until the pipe could be repaired.
+Added: In addition, a wastewater pipe was damaged resulting in a halt to wafer processing for four days until the pipe could be repaired.
We were able to rotate key furnace hardware and use some of the 6-inch capacity for smaller diameter crystal growth production to mitigate the impact of the fire and resume production.
319 unchanged sentences
● difficulties in protecting our intellectual property rights, particularly in countries where the laws and practices do not protect proprietary rights to as great an extent as do the laws and practices of the United States;
−Removed: ● changing laws and policies affecting economic liberalization, foreign investment, currency convertibility or exchange rates, taxation or employment;
+Added: ● new or changing laws and policies affecting economic liberalization, foreign investment, currency convertibility or exchange rates, taxation or employment;
+Added: ● new or changing PRC regulations and policies regarding data security and oversight by the Cyberspace Administration of China of our consolidated subsidiaries and all of our joint venture raw material companies;
● nationalization of foreign-owned assets, including intellectual property.
24 unchanged sentences
The Chinese government could revoke, terminate or suspend our operating licenses for reasons related to environmental control over the use of hazardous materials, air pollution, labor complaints, national security and similar reasons without compensation to us.
−Removed: Further, the central government encourages employees to report to the appropriate regulatory agencies possible safety or environmental violations, but there may not be actual violations.
+Added: Further, the central government encourages employees to report to the appropriate regulatory agencies possible safety or environmental violations, but
+Added: there may not be actual violations.
In days of severe air pollution the government has ordered manufacturing companies to stop all production.
2 unchanged sentences
We expect that mandatory factory shutdowns will occur in the future.
−Removed: Any failure on our part to comply with governmental
−Removed: regulations could result in the loss of our ability to manufacture our products.
+Added: Any failure on our part to comply with governmental regulations could result in the loss of our ability to manufacture our products.
Further, any imposition of surcharges or any increase in Chinese tax rates or reduction or elimination of Chinese tax benefits could hurt our financial results.
22 unchanged sentences
This right is suspended when Tongmei submits its formal application to the CSRC.
−Removed: Tongmei currently plans to submit its formal application to the CSRC in the third quarter of 2021 or in the fourth quarter of 2021.
−Removed: However, if on
−Removed: December 31, 2022 the IPO application has been submitted and accepted by the CSRC or the stock exchange and such submission remains under review, then the date when such investor is entitled to exercise such redemption right shall be deferred to a date when such submission is rejected by the CSRC or stock exchange, or the date when Tongmei withdraws its IPO application.
+Added: Tongmei currently plans to submit its formal application to the CSRC in the fourth quarter of 2021 or in the first quarter of 2022.
+Added: However, if on December 31, 2022 the IPO application has been submitted and accepted by the CSRC or the stock exchange and such submission remains under review, then the date when such investor is entitled to exercise such redemption right shall be deferred to a date when such submission is rejected by the CSRC or stock exchange, or the date when Tongmei withdraws its IPO application.
The process of going public on the STAR Market includes several periods of review and is therefore a lengthy process.
57 unchanged sentences
In June 2020, California's Governor signed AB 85 suspending California net operating loss utilization, effective for tax years 2020, 2021 and 2022.
−Removed: As of June 30, 2021, we have approximately $160,000 in net operating loss carryforwards.
+Added: As of September 30, 2021, we have approximately $122,000 in net operating loss carryforwards.
Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, if a corporation undergoes an “ownership change,” the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research tax credits, to offset its post-change income and taxes may be limited.
20 unchanged sentences
Our competitors may also develop and patent improvements to the VGF technology upon which we rely, and thus may limit any exclusivity we enjoy by virtue of our patents or trade secrets.
−Removed: It is possible that pending or future United States or foreign patent applications made by us will not be approved, that our issued patents will not protect our intellectual property, or that third parties will challenge our
−Removed: ownership rights or the validity of our patents.
+Added: It is possible that pending or future United States or foreign patent applications made by us will not be approved, that our issued patents will not protect our intellectual property, or that third parties will challenge our ownership rights or the validity of our patents.
In addition, the laws of some foreign countries may not protect our proprietary rights to as great an extent as do the laws of the United States and it may be more difficult to monitor the use of our intellectual property.
27 unchanged sentences
Although we have in place engineering, administrative and personnel protective equipment programs to address these issues, our ability to expand or continue to operate our present locations could be restricted or we could be required to acquire costly remediation equipment or incur other significant expenses if we were found liable for failure to comply with environmental and safety regulations.
−Removed: Existing or future changes in laws or regulations in the United States and
−Removed: China may require us to incur significant expenditures or liabilities, or may restrict our operations.
+Added: Existing or future changes in laws or regulations in the United States and China may require us to incur significant expenditures or liabilities, or may restrict our operations.
In addition, our employees could be exposed to chemicals or other hazardous materials at our facilities and we may be subject to lawsuits seeking damages for wrongful death or personal injuries allegedly caused by exposure to chemicals or hazardous materials at our facilities.
17 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.