Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Semiconductors and Semiconductor Equipment
Semiconductors
Semiconductor Equipment
Oil and Gas Storage and Transportation
Oil and Gas Refining and Marketing and Transportation
Transportation
Investment Banking and Brokerage
Automobiles and Components
Electrical Components and Equipment
Asset Management and Custody Banks
Technology Hardware Storage and Peripherals
Information Technology
Technology Hardware and Equipment
Exposures
Regime
Military
Ease
Political reform
Intelligence
Judicial
Provide
Crime
Event Codes
Warn
Acknowledge responsibility
Demand
Agree
Negotiation
Solicit support
Reward
Adjust
Natural disaster
Military blockade
Human death
Vote
Consult
Psychological state
Sports contest
Pessimistic comment
Wiki Wiki Summary
TSMC Team SoloMid (TSM), officially TSM FTX, is a professional esports organization based in the United States. It was founded in September 2009 by Andy "Reginald" Dinh.
Semiconductor industry The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits. It formed around 1960, once the fabrication of semiconductor devices became a viable business.
Significant figures Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures.
Significant Others The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
Statistical significance In statistical hypothesis testing, a result has statistical significance when it is very unlikely to have occurred given the null hypothesis. More precisely, a study's defined significance level, denoted by \n \n \n \n α\n \n \n {\displaystyle \alpha }\n , is the probability of the study rejecting the null hypothesis, given that the null hypothesis is true; and the p-value of a result, \n \n \n \n p\n \n \n {\displaystyle p}\n , is the probability of obtaining a result at least as extreme, given that the null hypothesis is true.
Internet In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.
List of semiconductor materials Semiconductor materials are nominally small band gap insulators. The defining property of a semiconductor material is that it can be compromised by doping it with impurities that alter its electronic properties in a controllable way.
Semiconductor device A semiconductor device is an electronic component that relies on the electronic properties of a semiconductor material (primarily silicon, germanium, and gallium arsenide, as well as organic semiconductors) for its function. Its conductivity lies between conductors and insulators.
Seoul Semiconductor Seoul Semiconductor develops and commercializes light-emitting diodes (LEDs) for automotive, general illumination, specialty lighting, and backlighting markets. It is the fourth-largest LED manufacturer globally.
Automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia).
Customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information.CRM systems compile data from a range of different communication channels, including a company's website, telephone, email, live chat, marketing materials and more recently, social media. They allow businesses to learn more about their target audiences and how to best cater for their needs, thus retaining customers and driving sales growth.
Cancellation (insurance) An insurance policy may be canceled before the end of the policy period. This has the effect of ending the policy coverage on the date of the policy cancellation.
Cancellation Hearts Cancellation Hearts is a variant of Hearts for six or more players.\nWith a large number of players Hearts can be played with two packs.
Cancellation (broadcasting) In broadcasting, cancellation refers to when a radio or television program is abruptly ended by orders of the network or syndicator that distributes the show.\nPrograms are typically cancelled for financial reasons; low viewership or listenership will lead to lower advertising or subscription revenue, prompting networks to replace it with another show with the potential to turn a larger profit.
Customer experience Customer experience (CX) is a totality of cognitive, affective, sensory, and behavioral consumer responses during all stages of the consumption process including pre-purchase, consumption, and post-purchase stages. Pine and Gilmore described the experience economy as the next level after commodities, goods, and services with memorable events as the final business product.
Customer to customer Customer to customer (C2C or consumer to consumer) markets provide a way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service.
Manufacturing engineering Manufacturing engineering is a branch of professional engineering that shares many common concepts and ideas with other fields of engineering such as mechanical, chemical, electrical, and industrial engineering. \nManufacturing engineering requires the ability to plan the practices of manufacturing; to research and to develop tools, processes, machines and equipment; and to integrate the facilities and systems for producing quality products with the optimum expenditure of capital.The manufacturing or production engineer's primary focus is to turn raw material into an updated or new product in the most effective, efficient & economic way possible.
Advanced manufacturing Advanced manufacturing is the use of innovative technology to improve products or processes, with the relevant technology being described as "advanced," "innovative," or "cutting edge." Advanced manufacturing industries "increasingly integrate new innovative technologies in both products and processes. The rate of technology adoption and the ability to use that technology to remain competitive and add value to define the advanced manufacturing sector."Engineers globally have implemented a variety of advanced technologies to improve the efficacy and efficiency of critical parts, such as parts within high temperature engines or surgical equipment, such as utilizing advanced materials and miniaturizing critical parts.
Minsk agreements The Minsk agreements were a series of international agreements which sought to end the war in the Donbas region of Ukraine. The first, known as the Minsk Protocol, was drafted in 2014 by the Trilateral Contact Group on Ukraine, consisting of Ukraine, Russia, and the Organization for Security and Co-operation in Europe (OSCE), with mediation by the leaders of France and Germany in the so-called Normandy Format.
The Four Agreements The Four Agreements: A Practical Guide to Personal Freedom is a self-help book by bestselling author Don Miguel Ruiz with Janet Mills. The book offers a code of conduct claiming to be based on ancient Toltec wisdom that advocates freedom from self-limiting beliefs that may cause suffering and limitation in a person's life.
Prenuptial agreement A prenuptial agreement, antenuptial agreement, or premarital agreement (commonly referred to as a prenup), is a written contract entered into by a couple prior to marriage or a civil union that enables them to select and control many of the legal rights they acquire upon marrying, and what happens when their marriage eventually ends by death or divorce. Couples enter into a written prenuptial agreement to supersede many of the default marital laws that would otherwise apply in the event of divorce, such as the laws that govern the division of property, retirement benefits, savings, and the right to seek alimony (spousal support) with agreed-upon terms that provide certainty and clarify their marital rights.
Master service agreement A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.\nA master agreement delineates a schedule of lower-level service agreements, permitting the parties to quickly enact future transactions or agreements, negotiating only the points specific to the new transactions and relying on the provisions in the master agreement for common terms.
1991 Paris Peace Agreements The Paris Peace Agreements (Khmer: សន្ធិសញ្ញាសន្តិភាពទីក្រុងប៉ារីស ឆ្នាំ១៩៩១; French: Accords de paix de Paris), formally titled Comprehensive Cambodian Peace Agreements, were signed on October 23, 1991, and marked the official end of the Cambodian–Vietnamese War and the Third Indochina War. The agreement led to the deployment of the first post-Cold War peace keeping mission (UNTAC) and the first ever occasion in which the UN took over as the government of a state.
Superior orders Superior orders, also known as the Nuremberg defense or just following orders, is a plea in a court of law that a person, whether a member of the military, law enforcement, a firefighting force, or the civilian population, should not be considered guilty of committing actions that were ordered by a superior officer or official.The superior orders plea is often regarded as the complement to command responsibility.One of the most noted uses of this plea, or defense, was by the accused in the 1945–1946 Nuremberg trials, such that it is also called the "Nuremberg defense". The Nuremberg trials were a series of military tribunals, held by the main victorious Allies after World War II, most notable for the prosecution of prominent members of the political, military, and economic leadership of the defeated Nazi Germany.
Arithmetic Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operations research Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Operation (mathematics) In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Intellectual property Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others.
Intellectual property infringement An intellectual property (IP) infringement is the infringement or violation of an intellectual property right. There are several types of intellectual property rights, such as copyrights, patents, trademarks, industrial designs, and trade secrets.
Strategic litigation Strategic litigation, also known as impact litigation, is the practice of bringing lawsuits intended to effect societal change. Impact litigation cases may be class action lawsuits or individual claims with broader significance, and may rely on statutory law arguments or on constitutional claims.
Vexatious litigation Vexatious litigation is legal action which is brought solely to harass or subdue an adversary. It may take the form of a primary frivolous lawsuit or may be the repetitive, burdensome, and unwarranted filing of meritless motions in a matter which is otherwise a meritorious cause of action.
Multidistrict litigation In United States law, multidistrict litigation (MDL) refers to a special federal legal procedure designed to speed the process of handling complex cases, such as air disaster litigation or complex product liability suits.\n\n\n== Description ==\nMDL cases occur when "civil actions involving one or more common questions of fact are pending in different districts." In order to efficiently process cases that could involve hundreds (or thousands) of plaintiffs in dozens of different federal courts that all share common issues, the Judicial Panel on Multidistrict Litigation (JPML) decides whether cases should be consolidated under MDL, and if so, where the cases should be transferred.
Public interest litigation in India The chief instrument through which judicial activism has flourished in India is Public Interest Litigation (PIL) or Social Action Litigation (SAL). Public interest litigation (PIL) refers to litigation undertaken to secure public interest and demonstrates the availability of justice to socially-disadvantaged parties and was introduced by Justice P. N. Bhagwati.
The Review of Litigation The Review of Litigation (TROL) is a law journal established in 1980 at the University of Texas School of Law to serve as "a national forum of interchange of academic and practical discussion of various aspects of litigation." The journal publishes articles on "topics related to procedure, evidence, trial and appellate advocacy, alternative dispute resolution, and often-litigated substantive law."The journal publishes four issues annually, one of which is a symposium issue published in collaboration with the litigation section of American Association of Law Schools. Past topics have included mass torts and conflicts of interest.The journal is often cited in published court opinions, and is the most cited law journal in the category "Civil Litigation and Dispute Resolution" in the Washington & Lee Law School law journal rankings as of 2020.
Risk Factors
ULTRA CLEAN HOLDINGS INC ITEM 1A Risk Factors Risks related to our business The highly cyclical nature of the semiconductor capital equipment industry and general economic slowdowns could harm our operating results
Our business and operating results depend in significant part upon capital expenditures by manufacturers of semiconductors, which in turn depend upon the current and anticipated market demand for semiconductors
Historically, the semiconductor industry has been highly cyclical, with recurring periods of over-supply of semiconductor products that have had a severe negative effect on the demand for capital equipment used to manufacture semiconductors
We have experienced and anticipate that we will continue to experience significant fluctuations in customer orders for our products
Beginning in the third quarter of 2004, we started to experience a weakening in new orders and an increase in customer requests for cancellations and postponements of existing orders that continued through the third quarter of 2005
Historically, semiconductor industry slowdowns have had, and future slowdowns may have, a material adverse effect on our operating results
In addition, uncertainty regarding the growth rate of economies throughout the world has caused companies to reduce capital investment and may cause further reduction of such investments
These reductions have been particularly severe in the semiconductor capital equipment industry
A potential rebound in the worldwide economy in the near future will not necessarily mean that our business will experience similar effects
We rely on a small number of customers for a significant portion of our sales, and any impairment of our relationships with these customers would adversely affect our business
A relatively small number of OEM customers has historically accounted for a significant portion of our sales, and we expect this trend to continue
Because of the small number of OEMs in our industry, most of whom are already our customers, it would be difficult to replace lost revenue resulting from the loss of, or the reduction, cancellation or delay in purchase orders by, any one of these customers
Consolidation among our customers or a decision by any one or more of our customers to outsource all or a substantial portion of their manufacturing and assembly work to a single equipment manufacturer may further concentrate our business in a limited number of customers and expose us to increased risks relating to dependence on a small number of customers
In addition, by virtue of our customers’ size and the significant portion of our revenue that we derive from them, they are able to exert significant influence and pricing pressure in the negotiation of our commercial agreements and the conduct of our business with them
We may also be asked to accommodate customer requests that extend beyond the express terms of our agreements in order to maintain our relationships with our customers
If we are unable to retain and expand our business with these customers on favorable terms, our business and operating results will be adversely affected
This is a lengthy process that involves the inspection and approval by a customer of our engineering, documentation, manufacturing and quality control procedures before that customer will place volume orders
Our ability to lessen the adverse effect of any loss of, or reduction in sales to, an existing customer through the rapid addition of one or 6 _________________________________________________________________ [59]Table of Contents more new customers is minimal because of these qualification requirements
Consequently, our business, operating results and financial condition would be adversely affected by the loss of, or any reduction in orders by, any of our significant customers
We have recently established operations in China, which exposes us to new risks associated with operating in a foreign country
We are exposed to political, economic, legal and other risks associated with operating in China, including: • foreign currency exchange fluctuations; • political, civil and economic instability; • tariffs and other barriers; • timing and availability of export licenses; • disruptions to our and our customers’ operations due to the outbreak of communicable diseases, such as SARS and avian flu; • disruptions in operations due to the weakness of China’s domestic infrastructure, including transportation and energy; • difficulties in developing relationships with local suppliers; • difficulties in attracting new international customers; • difficulties in accounts receivable collections; • difficulties in staffing and managing a distant international subsidiary and branch operations; • the burden of complying with foreign and international laws and treaties; and • potentially adverse tax consequences
In addition, while over the past several years the Chinese government has pursued economic reform policies, including the encouragement of private economic activity and greater economic decentralization, the Chinese government may not continue these policies or may significantly alter them to our detriment from time to time without notice
Changes in laws and regulations or their interpretation, the imposition of confiscatory taxation policies, new restrictions on currency conversion or limitations on sources of supply could materially and adversely affect our operations in China, which could result in a total loss of our investment in that country and materially and adversely affect our future operating results
Our quarterly revenue and operating results fluctuate significantly from period to period, and this may cause volatility in our common stock price
Our quarterly revenue and operating results have fluctuated significantly in the past, and we expect them to continue to fluctuate in the future for a variety of reasons which may include: • demand for and market acceptance of our products as a result of the cyclical nature of the semiconductor industry or otherwise, often resulting in reduced sales during industry downturns and increased sales during periods of industry recovery; • changes in the timing and size of orders by our customers; • cancellations and postponements of previously placed orders; • pricing pressure from either our competitors or our customers, resulting in the reduction of our product prices; • disruptions or delays in the manufacturing of our products or in the supply of components or raw materials that are incorporated into or used to manufacture our products, thereby causing us to delay the shipment of products; 7 _________________________________________________________________ [60]Table of Contents decreased margins for several or more quarters following the introduction of new products, especially as we introduce new subsystems; • delays in ramp-up in production, low yields or other problems experienced at our new manufacturing facility in China; • changes in design-to-delivery cycle times; • inability to reduce our costs quickly in step with reductions in our prices or in response to decreased demand for our products; • changes in our mix of products sold; • write-offs of excess or obsolete inventory; • one-time expenses or charges associated with failed acquisition negotiations or completed acquisitions; • announcements by our competitors of new products, services or technological innovations, which may, among other things, render our products less competitive; and • geographic mix of worldwide earnings
As a result of the foregoing, we believe that quarter-to-quarter comparisons of our revenue and operating results may not be meaningful and that these comparisons may not be an accurate indicator of our future performance
Changes in the timing or terms of a small number of transactions could disproportionately affect our operating results in any particular quarter
Moreover, our operating results in one or more future quarters may fail to meet the expectations of securities analysts or investors
If this occurs, we would expect to experience an immediate and significant decline in the trading price of our common stock
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
We have received a claim of infringement from Celerity, Inc
that is currently pending and we may receive notices of other such claims in the future
In addition, we may be unaware of intellectual property rights of others that may be applicable to our products
Any litigation regarding patents or other intellectual property could be costly and time-consuming and divert the attention of our management and key personnel from our business operations, any of which could have a material adverse effect on our business and results of operations
The complexity of the technology involved in our products and the uncertainty of intellectual property litigation increase these risks
Claims of intellectual property infringement may also require us to enter into costly license agreements
However, we may not be able to obtain licenses on terms acceptable to us, or at all
We also may be subject to significant damages or injunctions against the development, manufacture and sale of certain of our products if any such