Risk Factors Update Summary
- Climate change risks added extensively, including natural disasters, water scarcity, and energy availability impact.
- Increased demand for products led to a decline in Client segment revenue in the second half of 2022 and first half of 2023.
- Export controls tightened, requiring notifications and licenses for specific products to certain countries.
- Inventory correction actions in several end markets in the second half of 2023 impacted Embedded segment revenue.
- Increased focus on compliance with environmental laws, conflict minerals, and forced labor regulations.
- Failure to forecast demand accurately resulted in a decline in Client segment revenue due to weak PC market conditions.
- Potential impacts of geopolitical conflicts on operations and supply chain highlighted.
- Risks related to acquisitions, joint ventures, and investments emphasized, including integration challenges and financial impacts.
- Concerns raised about the impact of AI ethical concerns, misuse, and regulatory actions on business operations.
- Risks associated with cash flow generation, banking institution failures, and political, legal, and economic uncertainties mentioned.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=2488&owner=exclude
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