Risk Factors Update Summary
- Foundries increased from three to four, with Infineon accounting for 28% of revenue.
- Customers other than Infineon represented 24%, 15%, and 10% of revenue in 2023.
- Wafer Services pricing based on fixed price per wafer, impacting costs and profitability.
- Increased competition may distort market space, affecting revenue and market share.
- Expanded operations through public-private partnerships may impact financial results.
- Planned efficiency initiatives could affect investments and customer relationships.
- Material weaknesses in control activities identified, requiring remediation plans.
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=1819974&owner=exclude
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