11 unchanged sentences
● Complexities related to our employees temporarily working from home as well as increased cyber-related risks due to our employees working from home;
+Added: ● Challenges with reopening our offices, including implementing a hybrid model of working from home or the office, establishing appropriate office safety protocols, maintaining our corporate culture, and continuing to attract, retain and motivate our employees;
● Potential failure of our computer systems or communication systems;
20 unchanged sentences
This has included the establishment of a headquarters in Singapore for non-U.S.
−Removed: During the three months ended April 2, 2022, the percentage of our revenues derived from outside of the United States was 84% (and the revenue associated with end customers in China was 18%, and revenue attributed to China based on shipped-to location was 38%).
+Added: During the six months ended July 2, 2022, the percentage of our revenues derived from outside of the United States was 85% (and the revenue associated with end customers in China was 29%, and revenue attributed to China based on shipped-to location was 38%).
We may not be able to maintain or increase global market demand for our products.
25 unchanged sentences
As a result, we have devoted and expect to continue to devote a large amount of resources to develop products based on new and emerging technologies and standards that will be commercially introduced in the future.
−Removed: Research and development expense during the three months ended April 2, 2022 was $77.5 million, or 33.2% of revenues.
+Added: Research and development expense during the six months ended July 2, 2022 was $161.1 million, or 32.4% of revenues.
A number of companies are actively involved in the development of these new technologies and standards.
143 unchanged sentences
The future growth of our business will depend in large part on our ability to manage our relationships with current and future distributors and sales representatives, develop additional channels for the distribution and sale of our products and manage these relationships.
−Removed: During the three months ended April 2, 2022, 82% of our revenue was derived from distributors (and 49% of our revenue was derived from our two largest distributors).
+Added: During the six months ended July 2, 2022, 81% of our revenue was derived from distributors (and 48% of our revenue was derived from our two largest distributors).
As we execute our indirect sales strategy, we must manage the potential conflicts that may arise with our direct sales efforts.
69 unchanged sentences
Any dispositions could harm our financial condition
−Removed: On April 22, 2021, we entered into an Asset Purchase Agreement to sell our infrastructure and automotive business to Skyworks Solutions Inc for $2.75 billion in cash.
−Removed: The transaction closed on July 26, 2021.
−Removed: This disposition and any other disposition of a business or product line would entail a number of risks that could materially and adversely affect our business and operating results, including:
+Added: Any disposition of a business or product line would entail a number of risks that could materially and adversely affect our business and operating results, including:
● Diversion of management’s time and attention from our core business;
162 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.