14 added · 13 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
From time to time, we receive inquiries from government entities, which could result in enforcement actions or litigation leading to potential disruptions to our operations, or significant fines, penalties or other legal liability.
Revenue from end customers headquartered in China represented about 20% of our revenue in 2025, while revenue from products shipped into China represented about 50% of our revenue in 2025.
Moreover, our results of operations could be affected if our distributors are subject to administrative measures that materially affect their ability to operate or our ability to supply customers with products or if our distributors suffer financial difficulties that result in their inability to pay amounts owed to us.
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. 12 Legal and regulatory risks Our operations could be affected by the complex laws, rules and regulations to which our business is subject.
In 2025, less than 20% of our revenue was generated from sales of our products through distributors.
As reporting and disclosure requirements evolve, the failure, or perceived failure, to meet applicable reporting standards or regulatory expectations could adversely affect our results of operations and reputation.
Governments have adopted or proposed measures, including export controls on certain minerals, materials and equipment, that could adversely affect equipment and material availability, cost or movement.
The semiconductor industry has recently been the focus of increased regulatory activity and scrutiny, which has contributed to variability in global trade conditions and supply chains.
Changes in laws and regulations could affect the jurisdictions in which our profits are earned and taxed, which could in turn affect our results of operations.
Our results of operations and our reputation could be affected by warranty claims, product liability claims, product recalls or legal proceedings.
The laws of countries where we operate may not protect our intellectual property rights to the same extent as U.S. laws.
Risks related to our financing activities and other risks Our debt could affect our operations and financial condition.
No longer disclosed
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.
The laws of countries where we operate may not protect our intellectual property rights to the same extent as U.S. laws. 13 Risks related to our financing activities and other risks Our debt could affect our operations and financial condition.
Increased focus from government authorities, investors, customers and other key stakeholders on environmental, social and governance (ESG) matters has led to new and more stringent reporting standards and disclosure requirements.
In 2024, about 20% of our revenue was generated from sales of our products through distributors.
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.
Moreover, our results of operations could be affected if our distributors suffer financial difficulties that result in their inability to pay amounts owed to us.
Our continued success depends in part on our ability to retain, train and recruit a sufficient number of qualified employees in a competitive environment.
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.
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.
These actions, in conjunction with trade tensions, may restrict us from participating in the China market or may prevent us from competing effectively.
Legal and regulatory risks Our operations could be affected by the complex laws, rules and regulations to which our business is subject.
Our performance depends in part on our ability to enforce our intellectual property rights and to maintain freedom of operation.