2 unchanged sentences
Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
−Removed: Our market risk exposure is primarily a result of foreign currency exchange rates.
+Added: Our market risk exposure is primarily a result of foreign currency exchange rates and interest rates.
+Added: Interest Rate Risk
+Added: Our investments in money market funds and short term deposits are subject to market risk due to changes in interest rates, which may affect our interest income and fair market value of our investments.
+Added: To minimize this risk, we invest in institutional investors money market funds, which consist of high-grade securities, including U.S.
+Added: treasury bonds.
+Added: Our short term deposits are redeemable upon demand and held in banks domiciled in the U.S.
+Added: and Europe, as well as in Israel.
+Added: As of December 30, 2023 and December 31, 2022, our investment in money market funds was $932 million and $551 million, respectively and our short term deposits were $222 million and $285 million, respectively.
+Added: The primary objectives of our investments in money market funds and short term deposits is to fund our cash requirements in the ordinary course of business and preserve principal.
+Added: We do not enter into investments for trading or speculative purposes.
+Added: Foreign Currency Exchange Risk
dollar is our functional currency.
10 unchanged sentences
If the New Israeli Shekel had strengthened by 10% against the U.S.
−Removed: dollar, it would have decreased our cash flows by approximately $37 million during 2020.
+Added: dollar, it would have decreased our cash flows by approximately $43 million in the year ended December 30, 2023.
+Added: This exposure to U.S.
+Added: dollar/New Israeli Shekel exchange rates results from the nine months ended December 30, 2023, since in the first quarter of 2023 we were still affected by the hedging program with Intel and therefore the effect of the exchange rates would not have had a material impact on our cash flows.
The effect of a 10% change in the U.S.
−Removed: dollar / New Israeli Shekel exchange rate would not have had a material impact on our cash flows in 2021 and 2022, due to our hedging services agreement with Intel.
+Added: dollar/New Israeli Shekel exchange rate would not have had a material impact on our cash flows in the years ended December 31, 2022 and December 25, 2021 due to our hedging services agreement with Intel.
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.