The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
KLA Corporation added two new risk disclosures in its 2024 10-K focused on artificial intelligence exposure and stockholder litigation forum restrictions, while substantially modifying six existing risks including heightened emphasis on BIS export regulations impacting China sales and terrorism-related insurance gaps. The company maintained 34 unchanged risks and eliminated no previously disclosed risks, indicating a net expansion of risk factors driven by regulatory and technology-related concerns.
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
🟢 New in Current Filing
We are exposed to risks related to the use of AI by us, our competitors and other third parties.
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🟢 New in Current Filing
Our Bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain actions and proceedings, which could limit the ability of our stockholders to obtain a judicial forum of their choice for disputes with the Company or its directors, officers or employees.
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🟡 Modified
Over the past several years, there have been a variety of rules and regulations issued by BIS that have had an impact on our ability to sell certain products and provide certain services to certain customers in China. These rules and regulations may significantly harm our business, results of operations, financial condition and cash flows in future periods, unless we are able to obtain required licenses.
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🟡 Modified
We are predominantly uninsured for losses and interruptions caused by terrorist acts and acts of war. If international political instability or geopolitical tensions continue or increase, our business and results of operations could be harmed.
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🟡 Modified
Industry Risks
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🟡 Modified
A change in our effective tax rate can have a significant adverse impact on our business.
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🟡 Modified
Increasing attention to ESG matters, including any targets or other ESG initiatives, could result in additional costs or risks or adversely impact our business.
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🟡 Modified
We depend on information technology for our business and are exposed to risks related to cybersecurity threats and cyber incidents affecting our, our customers’, suppliers’ and other service providers’ systems and networks.
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