10 unchanged sentences
As of December 27, 2025 and December 28, 2024, our investment in money market funds was $1,016 million and $951 million, respectively;
−Removed: government bonds were $33 million and zero, respectively;
+Added: government bonds were $55 million and $33 million, respectively;
and our short term deposits were $785 million and $419 million, respectively.
9 unchanged sentences
We also have expenses in other currencies, in particular the Euro, the Chinese Yuan, and the Japanese Yen, although to a much lesser extent.
−Removed: We have attempted to minimize foreign currency risk, primarily by entering into a hedging services agreement with Intel during 2021.
−Removed: Intel centrally hedges its forecast cash flow exposure to the U.S.
−Removed: dollar / New Israeli Shekel exchange rates, and according to the agreement, we have been entitled to a certain allocation of the gains and losses arising from the execution of the hedging contracts.
−Removed: During the fourth quarter of 2022, we de-designated the remaining cash flow hedges for forecasted operating expenses denominated in ILS and will no longer be participating in Intel’s corporate hedging program.
During the fourth quarter of 2024 we initiated a foreign currency cash flow hedging program, designed to hedge the Company’s foreign exchange rate risk, resulting mainly from ILS payroll expenses.
4 unchanged sentences
dollar, it would have decreased our cash flows by approximately $67 million in the year ended December 28, 2024.
−Removed: This exposure to U.S.
−Removed: dollar / New Israeli Shekel exchange rates in 2023 resulted 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 the year ended December 31, 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 year ended December 30, 2023 due to the hedging services agreement we had 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.