Microchip Technology Inc.: 10-K Risk Factor Changes

2023 vs 2022  ·  SEC EDGAR  ·  2026-05-22
Other years: 2025 vs 2024 · 2024 vs 2023
⚠ AI-Generated

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.

Microchip added two new risk disclosures in 2023 addressing capacity expansion returns and environmental, social, and governance (ESG) goal achievement, reflecting emerging business and stakeholder concerns. The company substantively modified 17 of its existing risks, including material revisions to competition, income tax liability, and cybersecurity disclosures, while retaining 28 unchanged risks and eliminating no prior risk factors.

✓ Deterministic extraction — no AI-generated data

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.

2
New Risks
0
Removed
17
Modified
28
Unchanged
🟢 New in Current Filing We may not be able to achieve expected returns from our planned capacity expansions. 🔒
🟢 New in Current Filing Failure to meet ESG expectations or standards, or achieve our ESG goals, could adversely affect our business, results of operations, financial condition, or stock price. 🔒
🟡 Modified Intense competition in the markets we serve may lead to pricing pressures, reduced sales or reduced market share. 🔒
🟡 Modified Exposure to greater than anticipated income tax liabilities, changes in tax rules and regulations, changes in the interpretation of tax rules and regulations, or unfavorable assessments from tax audits could affect our effective tax rates, financial condition and results of operations. 🔒
🟡 Modified We continue to be the target of attacks on our IT systems. Interruptions in and unauthorized access to our IT systems, our products, or our improper handling of data, could adversely affect our business. 🔒
🟡 Modified Our operating results will suffer if we ineffectively utilize our manufacturing capacity or fail to maintain manufacturing yields. 🔒
🟡 Modified Our operating results are impacted by seasonality and wide fluctuations of supply and demand in the industry. 🔒
🟡 Modified Our financial condition and results of operations could be adversely impacted if we do not effectively manage current or future debt. 🔒
🟡 Modified Reliance on sales into governmental projects, and compliance with associated regulations, could have a material adverse effect on our results of operations. 🔒
🟡 Modified We are dependent on wafer foundries and other contractors, as are our SuperFlash and other licensees. 🔒
🟡 Modified We may lose sales if suppliers of raw materials, components or equipment fail to meet our or our customers' needs, increase prices, are impacted by increases in tariffs, or such raw materials, components or equipment become restricted or unavailable. 🔒
🟡 Modified We depend on orders that are received and shipped in the same quarter and have limited visibility to product shipments other than orders placed under our Preferred Supply Program and under our LTSAs. 🔒
🟡 Modified Risks Related to Taxation, Laws and Regulations 🔒
🟡 Modified We are highly dependent on foreign sales, suppliers, and operations, which exposes us to foreign political and economic risks. 🔒
🟡 Modified Risks Related to Our Business, Operations, and Industry 🔒
🟡 Modified Our business is dependent on distributors to service our end customers. 🔒
🟡 Modified Regulatory authorities in jurisdictions into or from which we ship our products or import supplies could issue new export controls or trade sanctions, levy fines, restrict or delay our ability to export products or import supplies, or increase costs associated with the manufacture or transfer of products. 🔒
🟡 Modified From time to time we receive grants from governments, agencies and research organizations, or enter into tax arrangements. If we are unable to comply with the terms of those grants or arrangements, we may not be able to receive or recognize benefits or we may be required to repay benefits, recognize related charges, or could be required to implement certain limitations on our business, which would adversely affect our operating results and financial position. 🔒
🟡 Modified Our operating results may be adversely impacted by the financial viability and performance of our licensees, customers, distributors, or suppliers. 🔒
19 changes in this historical filing

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