There have been no material changes in our risk factors from those disclosed in “Part I.
−Removed: Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 25, 2020 except as described below.
−Removed: The risk factors described in our Annual Report on Form 10-K, in addition to other information set forth below and in this report, could materially affect our business operations, financial condition, or liquidity.
+Added: Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 25, 2020 except as set forth in “Part II.
+Added: Risk Factors” in our Quarterly Report on Form 10-Q for the quarterly period ended March 26, 2021 and as described below.
+Added: The risk factors described in our Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q, in addition to other information set forth below and in this report, could materially affect our business operations, financial condition, or liquidity.
Additional risks and uncertainties not currently known to us or that we currently believe are immaterial may also impair our business operations, financial condition, and liquidity.
−Removed: If any of our operations are found not to comply with applicable antitrust or competition laws or applicable trade regulations, our business may suffer.
−Removed: Our operations are subject to applicable antitrust and competition laws in the jurisdictions in which we conduct our business, in particular the U.S.
−Removed: and the European Union.
−Removed: These laws prohibit, among other things, anticompetitive agreements and practices.
−Removed: If any of our commercial agreements and practices with respect to the electronic components or other markets are found to violate or infringe such laws, we may be subject to civil and other penalties.
−Removed: We may also be subject to third-party claims for damages.
−Removed: Further, agreements that infringe these antitrust and competition laws may be void and unenforceable, in whole or in part, or require modification to be lawful and enforceable.
−Removed: If we are unable to enforce our commercial agreements, whether at all or in material part, our results of operations, financial position, and cash flows could be adversely affected.
−Removed: We also must comply with applicable trade regulations in the jurisdictions where we operate.
−Removed: A small portion of our products, including defense-related products, may require governmental import and export licenses, whose issuance may be influenced by geopolitical and other events.
−Removed: Any failure to maintain compliance with trade regulations could limit our ability to import and export raw materials and finished goods into or from the relevant jurisdiction, which could negatively impact our results of operations, financial position, and cash flows.
−Removed: In this regard, we are investigating our past compliance with relevant U.S.
−Removed: trade controls and have made voluntary disclosures of apparent trade controls violations to the U.S.
−Removed: Department of Commerce’s Bureau of Industry and Security (“BIS”) and the U.S.
−Removed: State Department’s Directorate of Defense Trade Controls (“DDTC”).
−Removed: We are cooperating with the BIS and DDTC on these matters, and both our internal assessment and the resulting investigations by the agencies remain ongoing.
−Removed: We are unable to predict the timing and final outcome of the agencies’ investigations.
−Removed: An unfavorable outcome may include fines or penalties imposed in response to our disclosures, but we are not yet able to reasonably estimate the extent of any such fines or penalties.
−Removed: While we have reserved for potential fines and penalties relating to these matters based on our current understanding of the facts, the investigations into these matters have yet to be completed and the final outcome of such investigations and related fines and penalties may differ from amounts currently reserved.
+Added: We have suffered and could continue to suffer significant business interruptions, including impacts resulting from the COVID-19 pandemic.
+Added: Our operations and those of our suppliers and customers, and the supply chains that support their operations, may be vulnerable to interruption by natural disasters such as earthquakes, tsunamis, typhoons, tornados, or floods;
+Added: other disasters such as fires, explosions, acts of terrorism or war, or disease or other adverse health developments, including impacts resulting from the COVID-19 pandemic;
+Added: or failures of management information or other systems due to internal or external causes.
+Added: In addition, such interruptions could result in a widespread crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could affect demand for our end customers’ products.
+Added: If a business interruption occurs and we are unsuccessful in our continuing efforts to minimize the impact of these events, our business, results of operations, financial position, and cash flows could be materially adversely affected.
+Added: The COVID-19 pandemic impacted and continues to impact countries, communities, workforces, supply chains, and markets around the world, and as a result, we have experienced disruptions and restrictions on our employees’ ability to travel, as well as temporary closures of our facilities and the facilities of our customers, suppliers, and other vendors in our supply chain.
+Added: As a result of the COVID-19 pandemic, some of our employees have transitioned to working from home on a full-time or part-time basis, which may increase our vulnerability to cyber and other information technology risks.
+Added: The COVID-19 pandemic had a significant, negative impact on our sales and operating results during fiscal 2020 and continued to negatively affect certain of our businesses in fiscal 2021.
+Added: The COVID-19 pandemic may have a negative impact on our financial condition and results of operations in future periods.
+Added: The extent to which the COVID-19 pandemic will further impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted.
+Added: Such developments may include the further spread of the virus to additional persons and geographic regions;
+Added: the severity of the virus;
+Added: variant strains of the virus;
+Added: the duration of the pandemic;
+Added: resumption of high levels of infections and hospitalizations;
+Added: the resulting impact on our suppliers’ and customers’ supply chains and financial positions, including their ability to pay us;
+Added: the actions that may be taken by various governmental authorities in response to the outbreak in jurisdictions in which we operate;
+Added: and the possible impact on the global economy and local economies in which we operate.
+Added: Further, to the extent the COVID-19 pandemic adversely affects our business, results of operations, or financial condition, it may also have the effect of heightening many of the other risks described in “Part I.
+Added: Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 25, 2020 and subsequent quarterly reports on Form 10-Q.
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.