11 unchanged sentences
Geopolitical tensions may impact our ability to deliver products, support customers, receive manufacturing equipment or cause customers to seek alternate suppliers, which could adversely affect our operations and financial results.
−Removed: We are exposed to political, social and economic conditions (including inflation), security risks, acts of war, terrorism or other hostile acts, pandemics, epidemics or other public health crises, labor conditions, climate change risks and possible disruptions in power, water supply, transportation, communications and information technology networks of the various countries in which we operate.
+Added: We are exposed to political, social and economic conditions, security risks, acts of war, terrorism or other hostile acts, pandemics, epidemics or other public health crises, labor conditions, climate change risks and possible disruptions in power, water supply, transportation, communications and information technology networks of the various countries in which we operate.
Any of these factors could adversely affect our results of operations, financial condition and reputation.
25 unchanged sentences
Our operating results and our reputation could be adversely affected by cybersecurity events, breaches, disruptions or other incidents relating to our information technology systems.
−Removed: Breaches, disruptions or other incidents relating to our information technology systems or the systems of our customers, suppliers and other third parties could be caused by factors such as computer viruses, ransomware, malware, system failures, restricted network access, unauthorized access, terrorism, nation-state espionage, employee malfeasance, or human error.
+Added: Breaches, disruptions or other incidents relating to our information technology systems or the systems of our customers, suppliers and other third parties could be caused by factors such as computer viruses, ransomware, malware, software vulnerabilities, system failures, restricted network access, unauthorized access, terrorism, nation-state espionage, employee malfeasance, use of artificial intelligence (AI) tools, or human error.
These events could, among other things, compromise our information technology networks;
−Removed: result in corrupt or lost data or the unauthorized release of our, our customers’ or our suppliers’ confidential or proprietary information;
+Added: result in corrupt or lost data or the unauthorized release of our or our customers’, suppliers’, and other third parties’ confidential or proprietary information;
cause a disruption to our manufacturing and other operations (including our online services, platforms and transactions);
7 unchanged sentences
Our results of operations could be affected by natural events in the locations in which we operate.
−Removed: We have manufacturing, data and design facilities and other operations in locations subject to natural occurrences such as severe weather, geological events or epidemics that could adversely affect manufacturing capacity, availability and cost of key raw materials, utilities and equipment or otherwise disrupt operations.
+Added: We have manufacturing, data and design facilities and other operations in locations subject to natural occurrences such as severe weather, geological events or epidemics that could adversely affect manufacturing capacity, availability and cost of key materials, services, utilities and equipment or otherwise disrupt operations.
Climate change might exacerbate these occurrences or cause natural disasters to occur with greater frequency and with more intense effects.
12 unchanged sentences
domestic or international political, social, economic and other conditions;
+Added: cybersecurity incidents;
+Added: ability to access conflict-free minerals;
natural events or epidemics in the locations in which our suppliers operate;
−Removed: or limited or delayed access to and high costs of key materials, natural resources, services and utilities.
+Added: or limited or delayed access to and high costs of key materials, services and utilities.
Additionally, a breach or other incident relating to our suppliers’ information technology systems could result in a release of confidential or proprietary information.
If our suppliers are unable to access credit markets and other sources of needed liquidity, we may be unable to obtain needed supplies, collect accounts receivable or access needed technology.
−Removed: In particular, our manufacturing processes and critical manufacturing equipment, and those of our suppliers, require that certain key materials, natural resources, services and utilities be available.
+Added: In particular, our manufacturing processes and critical manufacturing equipment, and those of our suppliers, require that certain key materials, services and utilities be available.
Suppliers of these items have and might continue to extend lead times, limit supply or increase prices due to factors beyond our control.
−Removed: Limited or delayed access to and high costs of key materials, natural resources, services and utilities could adversely affect our results of operations.
−Removed: Our products contain materials that are subject to conflict minerals reporting requirements.
−Removed: Our relationships with customers and suppliers may be adversely affected if we are unable to describe our products as conflict-free.
−Removed: Additionally, our costs may increase if one or more of our customers demand that we change the sourcing of materials we cannot identify as conflict-free.
+Added: Limited or delayed access to and high costs of key materials, services and utilities could adversely affect our results of operations.
Our inability to timely implement new manufacturing technologies, install manufacturing equipment or secure necessary personnel for manufacturing operations could adversely affect our results of operations.
4 unchanged sentences
In addition, failure by these suppliers to fulfill expectations, commitments and responsibilities in accordance with agreed terms or applicable laws, rules and regulations (including health, safety, forced labor, human trafficking and supply chain standards) could adversely affect our results of operations, financial condition and reputation.
−Removed: Our continued success depends in part on our ability to retain and recruit a sufficient number of qualified employees in a competitive environment.
+Added: Our continued success depends in part on our ability to retain, train and recruit a sufficient number of qualified employees in a competitive environment.
Our continued success depends in part on the retention and recruitment of skilled personnel as well as the contributions and effective succession of senior management and other key employees.
2 unchanged sentences
Our ability to recruit internationally or deploy employees to various locations may be limited by immigration laws and policies, including changes to, or the administration or interpretation of, those laws and policies.
+Added: Failure to retain, train and recruit key personnel could disrupt our business and adversely affect our results of operations, financial condition and reputation.
Our results of operations and our reputation could be affected by warranty claims, product liability claims, product recalls or legal proceedings.
4 unchanged sentences
In addition, it is possible for a customer to recall a product containing a TI part, for example, with respect to products used in automotive applications or handheld electronics, which may cause us to incur costs and expenses relating to the recall.
−Removed: Improper, incorrect, illicit or unauthorized storage, handling, modification or use of our products (including use in applications for which our products were not designed), or use of counterfeit products, by third parties could result in reputational harm.
+Added: Improper, incorrect, illicit or unauthorized storage, handling, modification, diversion or use of our products, or use of counterfeit products, by third parties could result in reputational harm.
Any of these events could adversely affect our results of operations, financial condition and reputation.
13 unchanged sentences
Because we own much of our manufacturing capacity, a significant portion of our operating costs is fixed.
−Removed: With our planned capacity expansions, we expect capital expenditures and depreciation to increase.
+Added: With our planned capacity expansions, capital expenditures and depreciation have increased.
In general, these fixed costs do not decline with reductions in customer demand or factory loadings, and can adversely affect profit margins as a result.
13 unchanged sentences
Compliance with these laws, rules and regulations may be onerous and expensive and could restrict our ability to manufacture or ship our products and operate our business.
−Removed: From time to time, we receive inquiries from government entities regarding our compliance with laws and regulations.
−Removed: If we do not comply with a law or regulation (or the same is alleged), or a government inquiry is unresolved, we could be subject to litigation, investigations or enforcement activity that can be unpredictable and time-consuming, as well as disruptions to our operations, or significant fines, penalties or other legal liability.
+Added: From time to time, we receive inquiries from government entities regarding our compliance with laws and regulations, and we could be subject to related litigation, investigations or enforcement activity that can be unpredictable and time-consuming, as well as disruptions to our operations, or significant fines, penalties or other legal liability.
Furthermore, should these laws, rules and regulations be amended or expanded, or new ones enacted, we could incur materially greater compliance costs or restrictions on our ability to manufacture our products and operate our business.
1 unchanged sentence
As the nature, scope and complexity of ESG reporting, diligence and disclosure requirements expand, we might have to undertake costly efforts to control, assess and report on ESG metrics.
+Added: Any failure, or perceived failure, to achieve stated goals or meet stakeholder expectations and standards could adversely affect our results of operations and reputation.
Some of these complex laws, rules and regulations – for example, those related to environmental, safety and health requirements – may particularly affect us in the jurisdictions in which we manufacture products, especially if such laws and regulations:
16 unchanged sentences
Changes in applicable tax laws and regulations or in our business performance could affect our ability to realize those deferred tax assets, which could also affect our results of operations.
−Removed: In addition, we are subject to laws and regulations in various jurisdictions that determine how much profit has been earned and when it is subject to taxation in that jurisdiction.
+Added: We are subject to laws and regulations in various jurisdictions that determine how much profit has been earned and when it is subject to taxation in that jurisdiction.
These laws and regulations can be complex and subject to interpretation.
−Removed: Changes in these laws and regulations, including those that align with the Organisation for Economic Cooperation and Development’s Base Erosion and Profit Shifting recommendations, could affect the locations where we are deemed to earn income, which could in turn affect our results of operations.
+Added: In addition, many countries have enacted or begun the process of enacting laws that align with the Organisation for Economic Cooperation and Development’s Base Erosion and Profit Shifting recommendations.
+Added: Changes in these laws and regulations could affect the locations where we are deemed to earn income, which could in turn affect our results of operations.
Each quarter we forecast our tax expense based on our forecast of our performance for the year.
27 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.