Risk Factors Update Summary
- Prices remain high, with silicon suppliers extending lead times to 52 weeks or more.
- Long lead times and increased demand led to $78.1 million in inventory deposits in 2023.
- Cybersecurity risks have increased, with evolving threats and potential significant impacts on operations.
- Compliance with new data privacy laws could significantly increase record-keeping and production costs.
- Excess or obsolete inventory write-downs and accrued liabilities totaled $28.7 million in Q4 2023.
- The company faces potential significant costs and liabilities due to data breaches and security incidents.
- Failure to comply with data privacy laws may lead to civil claims, class actions, and reputational damage.
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=1406666&owner=exclude
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