ICHR on Nasdaq

ICHOR HOLDINGS, LTD.

Semiconductors and related devices company based in George Town, Cayman Islands2

In its 2026 annual report the company says: “We are a leader in the design, engineering and manufacturing of critical fluid delivery subsystems and components primarily for semiconductor capital equipment, as well as other industries such as defense/aerospace and medical. Our gas delivery subsystems deliver, monitor and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition.”5 Its shares trade on Nasdaq under the symbol ICHR.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with M/A-COM Technology Solutions, IPG Photonics or Allegro MicroSystems, or pick any stock.

  • TickerICHR on Nasdaq2
  • IndustrySemiconductors & Related Devices2
  • HeadquartersGeorge Town, Cayman Islands2
  • Incorporated inCayman Islands3
  • Business address3185 Laurelview Ct., Fremont, Ca 945383
  • Filer categoryLarge accelerated filer3
  • Legal formcompany limited by shares2
  • LEI529900PS8R2JVLJ2H8922
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Maples Corporate Services Limited, KY1-1104 George Town, Cayman Islands2
  • Registered withGeneral Registry, 2659392

Unless expressly indicated or the context requires otherwise, the terms “Ichor,” “Company,” “we,” “us,” “our,” and similar terms in this Annual Report on Form 10-K refer to Ichor Holdings, Ltd. and its consolidated subsidiaries.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.3%Gross margin6
-4.1%Operating margin6
-5.6%Net margin6
11.6%Revenue growth, 20256
-8.0%Return on equity6
0.18×Debt to equity6
-$6.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Singapore brought in 46% of the revenue ICHOR HOLDINGS, LTD. broke down this way in fiscal 2025.

  1. Singapore$431.5M646%up 22% from 2024
  2. United States$295.0M631%up 10% from 2024
  3. Other Countries$123.1M613%down 4% from 2024
  4. Europe$98.0M610%down 1% from 2024
Regions by year
Regions202320242025
Singapore$318.8M$353.2M$431.5M
United States$281.3M$268.9M$295.0M
Other Countries$94.7M$128.0M$123.1M
Europe$116.3M$98.9M$98.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$859.9M
  • Research and development2¢$23.1M
  • Selling, general and admin10¢$95.7M
  • Income tax1¢$5.2M

Out of $947.7M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$36.2M

Out of $29.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue789106$947.7M in 2025+53% since 2019
0$500.0M$1.0B$1.5B2019: $620.8M$620.8M20192020: $914.2M$914.2M2020+47%2021: $1.1B$1.1B2021+20%2022: $1.3B$1.3B2022+17%2023: $811.1M$811.1M2023−37%2024: $849.0M$849.0M2024+5%2025: $947.7M$947.7M2025+12%
Gross profit789106$87.8M in 2025+2% since 2019
0$100.0M$200.0M$300.0M2019: $86.4M$86.4M20192020: $124.9M$124.9M2020+45%2021: $177.5M$177.5M2021+42%2022: $211.9M$211.9M2022+19%2023: $103.4M$103.4M2023−51%2024: $103.3M$103.3M2024−0%2025: $87.8M$87.8M2025−15%
Operating income789106-$39.3M in 2025
-$50.0M0$50.0M$100.0M2019: $15.0M$15.0M20192020: $41.6M$41.6M2020+177%2021: $81.0M$81.0M2021+95%2022: $85.8M$85.8M2022+6%2023: -$10.9M-$10.9M20232024: -$7.6M-$7.6M2024−30%2025: -$39.3M-$39.3M2025+414%
Net income789106-$52.8M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2019: $10.7M$10.7M20192020: $33.3M$33.3M2020+210%2021: $70.9M$70.9M2021+113%2022: $72.8M$72.8M2022+3%2023: -$43.0M-$43.0M20232024: -$20.8M-$20.8M2024−52%2025: -$52.8M-$52.8M2025+154%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$947.7M$849.0M$811.1M
Cost of sales$859.9M$745.7M$707.7M
Gross profit$87.8M$103.3M$103.4M
Research and development$23.1M$23.0M$20.2M
Selling, general, and administrative$95.7M$79.4M$79.3M
Amortization of intangible assets$8.3M$8.6M$14.7M
Total operating expenses$127.0M$111.0M$114.3M
Operating loss-$39.3M-$7.6M-$10.9M
Interest expense, net$6.6M$9.3M$19.4M
Other expense, net$1.7M$1.1M$804.0K
Loss before income taxes-$47.6M-$18.1M-$31.1M
Income tax expense$5.2M$2.8M$11.9M
Net loss-$52.8M-$20.8M-$43.0M
Net income per share basic (in usd per share)-$1.54-$0.64-$1.47
Net income per share diluted (in usd per share)-$1.54-$0.64-$1.47
Shares used to compute net income per share, basic (in shares)34.2M shares32.8M shares29.2M shares
Shares used to compute net income per share, diluted (in shares)34.2M shares32.8M shares29.2M shares

Compare ICHOR HOLDINGS, LTD. with another company

Corporate structure

ICHOR HOLDINGS, LTD. sits at the top of its group. 13 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ICHOR HOLDINGS, LTD.

  • Invesco Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Aug 13, 2026 (3 filings since Feb 12, 2026)
  • BARROW HANLEY MEWHINNEY & STRAUSS LLC Filed SCHEDULE 13G on ICHOR HOLDINGS, LTD., latest Aug 12, 2026 (3 filings since Feb 11, 2026)
  • Capital International Investors Filed SCHEDULE 13G on ICHOR HOLDINGS, LTD., latest Aug 12, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on ICHOR HOLDINGS, LTD., latest Jul 31, 2026
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Jul 31, 2026 (2 filings since Apr 29, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • Macquarie Group Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Nov 13, 2025 (3 filings since Feb 7, 2025)
  • Wellington Management Company Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Nov 12, 2025 (2 filings since Aug 12, 2025)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Oct 9, 2025 (4 filings since Feb 9, 2024)
  • BlackRock Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Jul 18, 2025 (6 filings since Jan 26, 2022)
  • Swedbank Robur Fonder AB Filed SCHEDULE 13G/A on ICHOR HOLDINGS, LTD., latest Nov 12, 2024 (5 filings since Mar 18, 2022)
  • FMR LLC Filed SC 13G/A on ICHOR HOLDINGS, LTD., latest Aug 12, 2024 (5 filings since Feb 9, 2022)
  • ICHOR HOLDINGS, LTD. George Town, Cayman Islands
    • Applied Fusion, LLC Subsidiary · Delaware, United States
    • Ichor Intermediate Holdings, Ltd. Subsidiary · Cayman Islands
    • Ichor Systems Malaysia Sdn Bhd Subsidiary · Malaysia
    • Ichor Systems Singapore, PTE Ltd. Subsidiary · Singapore
    • ICHOR SYSTEMS, INC. Subsidiary · Fremont, California, United States
    • Icicle Acquisition Holding B.V. Subsidiary · Amsterdam, Netherlands
    • Icicle Acquisition Holding Co-op Subsidiary · Netherlands
    • IMG Altair, LLC Subsidiary · Delaware, United States
    • IMG Companies, LLC Subsidiary · Delaware, United States
    • IMG INTA, LLC Subsidiary · Delaware, United States
    • IMG Larkin, LLC Subsidiary · Delaware, United States
    • IMG, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ICHOR HOLDINGS, LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$223.4M6 Dec 26, 2025$195.3M6 Dec 27, 2024+14.4%
Accumulated depreciation$119.5M6 Dec 26, 2025$100.4M6 Dec 27, 2024+19.0%
Property and equipment, net$103.9M6 Dec 26, 2025$94.9M6 Dec 27, 2024+9.5%
Operating-lease assets (leased space)$35.0M6 Dec 26, 2025$44.5M6 Dec 27, 2024−21.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$98.3M6 Dec 26, 2025$108.7M6 Dec 27, 2024−9.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$335.4M6 Dec 26, 2025$335.4M6 Dec 27, 20240%
Finite-lived intangibles, gross$82.6M6 Dec 26, 2025$84.2M6 Dec 27, 2024−1.9%
Accumulated amortization$42.2M6 Dec 26, 2025$35.5M6 Dec 27, 2024+19.0%
Finite-lived intangibles, net$40.4M6 Dec 26, 2025$48.7M6 Dec 27, 2024−17.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$231.8M6 Dec 26, 2025$250.1M6 Dec 27, 2024−7.3%
Raw materials$204.2M6 Dec 26, 2025$198.0M6 Dec 27, 2024+3.1%
Work in process$39.6M6 Dec 26, 2025$45.1M6 Dec 27, 2024−12.2%
Finished goods$45.4M6 Dec 26, 2025$43.4M6 Dec 27, 2024+4.5%

Properties, in its own words

Our principal executive offices are located at 3185 Laurelview Ct., Fremont, California 94538. As of December 26, 2025, our principal manufacturing and administrative facilities, including our executive offices, are comprised of approximately 1,038,600 square feet. All of our facilities are leased, which allows for flexibility as business conditions and geographic demand change. The table below sets forth the approximate square footage of each of our facilities.

Location · ApproximateSquareFootage

The rest of Item 2

Malaysia · 271,500

California · 262,200

Oregon · 150,700

Minnesota · 133,300

Singapore · 97,700

Mexico · 62,900

Texas · 47,800

Nevada · 12,500

We do not anticipate difficulty in either retaining occupancy of any of our facilities through lease renewals prior to expiration or through month-to-month occupancy or replacing them with equivalent facilities. We believe that our existing facilities and equipment are well maintained, in good operating condition, and are adequate to meet our currently anticipated requirements.

Item 2 of the 10-K filed Feb 20, 2026.5

Leadership

Who has led ICHOR HOLDINGS, LTD., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Applied Fusion, LLC Delaware4
  • IMG Altair, LLC Delaware4
  • IMG Companies, LLC Delaware4
  • IMG INTA, LLC Delaware4
  • IMG Larkin, LLC Delaware4
  • IMG, LLC Delaware4
  • Ichor Holdings Ltd. Scotland4
  • Ichor Holdings, LLC Delaware4
  • Ichor Intermediate Holdings, Ltd. Cayman Islands4
  • Ichor Systems Ltd. Scotland4
  • Ichor Systems Malaysia Sdn Bhd Malaysia4
  • Ichor Systems Singapore, PTE Ltd. Singapore4
  • Ichor Systems, Inc. Delaware4
  • Icicle Acquisition Holding B.V. Netherlands4
  • Icicle Acquisition Holding Co-op Netherlands4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 3, 20268-K Results of operations39
  2. May 18, 20268-K Entered a material agreement40
  3. May 14, 20268-K Shareholder vote41
  4. May 4, 20268-K Results of operations42
  5. Feb 9, 20268-K Results of operations43
  6. Jan 13, 20268-K Results of operations44
  7. Dec 3, 2025New chief executive Philip Ryan Barros Sr. becomes CEO14
  8. Nov 3, 20258-K Results of operations45
  9. Nov 3, 20258-K Executive or director change; Regulation FD disclosure46
  10. Sep 30, 20258-K Entered a material agreement47
  11. Aug 15, 20258-K Executive or director change48
  12. Aug 4, 20258-K Executive or director change; Regulation FD disclosure49
  13. Aug 4, 20258-K Results of operations50
  14. May 14, 2021New chief executive Jeff Andreson becomes CEO15
  15. Dec 8, 2016New chief executive Thomas M. Rohrs becomes CEO16
  16. Jan 30, 2012Founded ICHOR HOLDINGS, LTD. is founded2

Calendar

Coming up

  1. Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.06) a share, on Nov 3, 2025.51

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results39
  2. May 4, 2026Reported quarterly or annual results42
  3. Feb 9, 2026Reported quarterly or annual results43
  4. Jan 13, 2026Reported quarterly or annual results44
  5. Nov 3, 2025Reported quarterly or annual results45
  6. Aug 4, 2025Reported quarterly or annual results50
  7. May 5, 2025Reported quarterly or annual results52
  8. Feb 4, 2025Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

321 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 153 insider forms, 41 large holders, 62 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 2, 2026144 EDGAR
  4. Oct 2, 2026144 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 15, 2026144 EDGAR
  7. Sep 8, 2026144 EDGAR
  8. Sep 8, 20264 EDGAR
  9. Sep 1, 20264 EDGAR
  10. Sep 1, 2026144 EDGAR
  11. Sep 1, 20264 EDGAR
  12. Aug 20, 20264 EDGAR
  13. Aug 20, 20264 EDGAR
  14. Aug 20, 20264 EDGAR
  15. Aug 20, 20264 EDGAR
  16. Aug 19, 2026144 EDGAR
  17. Aug 18, 2026144 EDGAR
  18. Aug 13, 2026SCHEDULE 13G/A EDGAR
  19. Aug 12, 2026SCHEDULE 13G EDGAR
  20. Aug 12, 2026SCHEDULE 13G EDGAR

The 321 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

49 open-market trades by officers, directors and large owners since October 2021: 9 buys and 40 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026MacKenzie IainDirectorSale20,000$50.66$1.0MForm 4
Sep 8, 2026Swyt GregChief Financial OfficerSale2,068$58.02$120.0KForm 4
Sep 1, 2026RAGSDALE BRUCEChief Operating OfficerSale10,587$51.93$549.8KForm 4
Aug 19, 2026BARROS PHILIP RYAN SR.Chief Executive OfficerSale1,314$61.88$81.3KForm 4
Aug 18, 2026MacKenzie IainDirectorSale9,933$65.76$653.2KForm 4
Jun 8, 2026Swyt GregChief Financial OfficerSale6,820$66.81$455.6KForm 4
Jun 4, 2026BARROS PHILIP RYAN SR.Chief Executive OfficerSale13,705$70.19$962.0KForm 4
Jun 2, 2026Black Laura A.DirectorSale20,000$75.02$1.5MForm 4
May 28, 2026Swyt GregChief Financial OfficerSale19,662$70.42$1.4MForm 4
May 19, 2026Titinger JorgeDirectorSale4,000$64.21$256.8KForm 4
May 13, 2026Haugen MarcDirectorSale5,337$75.63$403.6KForm 4
May 8, 2026Haugen MarcDirectorSale9,923$72.11$715.6KForm 4
Feb 26, 2026BARROS PHILIP RYAN SR.Chief Executive OfficerSale21,000$46.63$979.2KForm 4
Feb 24, 2026Swyt GregChief Financial OfficerSale3,000$51.20$153.6KForm 4
Feb 23, 2026RAGSDALE BRUCEChief Operating OfficerSale21,276$49.66$1.1MForm 4
Feb 23, 2026Haugen MarcDirectorSale19,875$49.71$988.0KForm 4
Feb 23, 2026Titinger JorgeDirectorSale1,200$50.11$60.1KForm 4
Feb 12, 2026ROHRS THOMAS MDirectorSale53,908$45.48$2.5MForm 4
Nov 17, 2025MacKenzie IainDirectorBuy10,000$14.53$145.3KForm 4
Nov 6, 2025MacKenzie IainDirectorBuy10,000$15.28$152.8KForm 4

All 49 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Phil Barros$497.8K$4.6M67
2025Jeffrey Andreson$647.9K$3.4M67
2025Bruce Ragsdale$477.8K$1.4M67
2025Greg Swyt$464.1K$1.3M67
2025Christopher Smith$354.0K$1.1M67
2024Former ChiefExecutive Officer$684.7K$6.5M67
2024Chief Operating Officer$461.7K$2.4M67
2024Chief Financial Officer$440.3K$2.3M67
2024Former Chief Commercial Officer$448.4K$2.0M67
2024Chief Executive Officer$448.4K$2.0M67
2023Former ChiefExecutive Officer$640.0K$5.7M67
2023Chief Financial Officer$352.7K$2.2M67
2023Chief Operating Officer$450.0K$1.8M67
2023Former Chief Commercial Officer$406.3K$1.8M67
2023Chief Executive Officer$437.0K$1.8M67

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 17, 2026Debbie Wasserman SchultzDemocratic, HouseSale$2,722+52.0%Report
Aug 5, 2025Debbie Wasserman SchultzDemocratic, HouseBuy$1,001 - $15,000+208.9%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+36.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How ICHOR HOLDINGS, LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARICHOR HOLDINGS, LTD.1
  • CIK0001652535
  • Employer ID (EIN)00-00000005
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 271
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3185 Laurelview Ct., Fremont, CA 945381
  • Phone510-897-52001
  • Shares outstanding37,454,229 as of Jul 28, 202612
  • Public float$658.3M as of Jun 27, 20255
  • AuditorKPMG LLP, Portland, Oregon PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceSep 21, 20151
  • Filings631 in all: 4 (271), 8-K (102), 144 (36), SC 13G/A (32), 10-Q (29), 3 (22), CORRESP (13), SC 13G (12)1
    All 34 form types

    UPLOAD (11), 10-K (10), DEF 14A (10), SCHEDULE 13G (10), SCHEDULE 13G/A (10), SD (9), 8-K/A (6), DEFA14A (6), 424B5 (5), 4/A (4), EFFECT (4), S-1/A (4), 424B4 (3), S-1 (3), S-8 (3), DRS (2), DRS/A (2), DRSLTR (2), S-1MEF (2), S-3ASR (2), 144/A (1), 8-A12B (1), CERTNAS (1), DEFR14A (1), POS EX (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.0001 per shareICHRNASDAQ

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks ICHOR HOLDINGS, LTD. names in Item 1A of its 10-K filed Feb 20, 2026: 40 risks under these headings, as written.5

  • There are many factors that affect our business and the results of operations, some of which are beyond our control. The following is a description of some important factors that may cause the actual results of operations in future periods to differ materially from those currently expected or desired.
  • Economic and Strategic Risks
  • Business and Operational Risks
  • Legal and Regulatory Risks
  • Liquidity and Capital Resources Risks
  • Ordinary Share Ownership Risks
  • Our business depends significantly on expenditures by manufacturers in the semiconductor capital equipment industry, which, in turn, is dependent upon the semiconductor device industry. When that industry experiences cyclical downturns, demand for our products and services generally decreases, resulting in decreased sales. We may also be forced to reduce our prices during cyclical downturns without being able to proportionally reduce costs.
  • We rely on a very small number of OEM customers for a significant portion of our sales. Any adverse change in our relationships with these customers could materially adversely affect our business, financial condition and results of operations.
  • Our customers exert a significant amount of negotiating leverage over us, which requires us to accept lower prices and gross margins or take on increased liability risk in order to retain or expand our market share with them.
  • The industries in which we participate are highly competitive and rapidly evolving, and if we are unable to compete effectively, our business, financial condition and results of operations could be materially adversely affected.
  • We are exposed to risks associated with weakness in the global economy and geopolitical instability.
  • If we do not keep pace with developments in the industries we serve and with technological innovation generally, our products and services may not be competitive.
The other 33 risks
  • We must design, develop, and introduce new products that are accepted by OEMs in order to retain our existing customers and obtain new customers.
  • Acquisitions may present integration challenges, and if the goodwill, indefinite-lived intangible assets, and other long-term assets recorded in connection with such acquisitions become impaired, we would be required to record impairment charges, which may be significant.
  • We are subject to fluctuations in foreign currency exchange rates, which could cause operating results and reported financial results to vary significantly from period to period.
  • The manufacturing of our products is highly complex, and if we are not able to manage our manufacturing and procurement process effectively, our business, financial condition and results of operations may be materially adversely affected.
  • Defects in our products could damage our reputation, decrease market acceptance of our products, and result in potentially costly litigation.
  • We may incur unexpected warranty and performance guarantee claims that could materially adversely affect our business, financial condition and results of operations.
  • Our dependence on a limited number of suppliers may harm our production output and increase our costs, and may prevent us from delivering acceptable products on a timely basis.
  • Supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand could affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory.
  • We are subject to order and shipment uncertainties, and any significant reductions, cancellations or delays in customer orders could have a material adverse effect on our business, financial condition and results of operations.
  • We may be subject to interruptions, failures, or cybersecurity breaches in our information technology systems.
  • Our customers' adoption of artificial intelligence and machine learning technologies for semiconductor manufacturing process optimization and equipment control may create new technical requirements, interoperability challenges, and competitive risks.
  • Certain of our customers require that we consult with them in connection with specified fundamental changes in our business and that we address any concerns or requests such customer may have in connection with a fundamental change.
  • Our business is largely dependent on the know-how of our employees, and we generally do not have an intellectual property position that is protected by patents.
  • Our business will suffer if we are unable to attract, hire, integrate and retain key personnel and other necessary employees, particularly in the highly competitive technology labor market, or if we experience labor disruptions at our facilities.
  • Government subsidy programs for semiconductor manufacturing may create artificial and unsustainable demand patterns for capital equipment, and subsidy conditions may create competitive distortions or impose indirect obligations on us.
  • We may be classified as a passive foreign investment company (“PFIC”), which could result in adverse U.S. federal income tax consequences for U.S. holders.
  • Third parties have claimed and may in the future claim we are infringing their intellectual property, which could subject us to litigation or licensing expenses, and we may be prevented from selling our products if any such claims prove successful.
  • From time to time, we may become involved in other litigation and regulatory proceedings, which could require significant attention from our management and result in significant expense to us and disruptions in our business.
  • As a global company, we are subject to the risks of doing business internationally, including periodic foreign economic downturns and political instability, which may adversely affect our sales and cost of doing business in those regions of the world.
  • Changes in U.S. or international trade policy, tariffs, and import/export regulations may have a material adverse effect on our business, financial condition and results of operations.
  • U.S. export control regulations apply to "deemed exports" of controlled technology to foreign nationals, and the complexity of re-export controls across our international operations may limit our ability to hire qualified personnel and may create compliance challenges.
  • We are subject to numerous environmental laws and regulations, including laws and regulations addressing climate change, which could require us to incur environmental liabilities, increase our manufacturing and related compliance costs or otherwise adversely affect our business.
  • Evolving environmental, social and governance disclosure requirements and stakeholder expectations may increase our compliance costs, expose us to reputational and litigation risks, and affect our ability to attract customers, investors, and employees.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results, prevent fraud, or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial information and may lead to a decline in our share price.
  • Changes in tax laws, tax rates or tax assets and liabilities could materially adversely affect our financial condition and results of operations.
  • Evolving artificial intelligence regulations may restrict our use of AI technologies, impose compliance costs, create liability risks, and affect our competitiveness.
  • We have a substantial amount of indebtedness, which could adversely affect us, including by decreasing our business flexibility. The agreement that governs our indebtedness contains covenants that could impact our ability to perform certain transactions without obtaining pre-approval from our lenders.
  • The interest expense associated with our indebtedness is subject to variable rates, and increased debt service costs as a result of higher interest rates could adversely affect our business, financial condition and results of operations.
  • Our quarterly sales and operating results fluctuate significantly from period to period, and this may cause volatility in our share price.
  • Our amended and restated memorandum and articles of association contains anti-takeover provisions that could adversely affect the rights of our shareholders.
  • The issuance of preferred shares could adversely affect holders of ordinary shares.
  • Our shareholders may face difficulties in protecting their interests as a shareholder, as Cayman Islands law provides substantially less protection when compared to the laws of the U.S.
  • If a U.S. person is treated as owning at least 10% of our shares, such person may be subject to adverse U.S. federal income tax consequences.

Legal proceedings

We may be subject to various legal claims and proceedings involving claims incidental to our business, including employment-related claims. We are presently not a party to any material litigation or regulatory proceeding and are not aware of any pending or threatened litigation or regulatory proceeding against us which, individually or in the aggregate, could have a material adverse effect on our business, financial condition, or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67