•financial difficulties with any of our major distributors or significant curtailment of
purchases by key customers;
•the loading, product mix, and manufacturing performance of our production facilities and/
or our required volume to fulfill capacity reserved with suppliers or third-party
manufacturing providers;
•availability and costs of equipment, raw materials, utilities, third-party manufacturing
services and technology, or other supplies required by our operations (including
increasing costs resulting from inflation);
•the functionalities and performance of our IT systems, which are subject to cybersecurity
threats and which support our critical operational activities including manufacturing,
finance and sales, and any breaches of our IT systems or those of our customers,
suppliers, partners and providers of third-party licensed technology;
•theft, loss, or misuse of personal data about our employees, customers, or other third
parties, and breaches of data privacy legislation;
•the impact of intellectual property claims by our competitors or other third parties, and our
ability to obtain required licenses on reasonable terms and conditions;
•changes in our overall tax position as a result of changes in tax rules, new or revised
legislation, the outcome of tax audits or changes in international tax treaties which may
impact our results of operations as well as our ability to accurately estimate tax credits,
benefits, deductions and provisions and to realize deferred tax assets;
•variations in the foreign exchange markets and, more particularly, the U.S. dollar
exchange rate as compared to the Euro and the other major currencies we use for our
operations;
•the outcome of ongoing litigation as well as the impact of any new litigation to which we
may become a defendant;
•product liability or warranty claims, claims based on epidemic or delivery failure, or other
claims relating to our products, or recalls by our customers for products containing our
parts;
•natural events such as severe weather, earthquakes, tsunamis, volcano eruptions or
other acts of nature, the effects of climate change, health risks and epidemics or
pandemics in locations where we, our customers or our suppliers operate;
•increased regulation and initiatives in our industry, including those concerning climate
change and sustainability matters and our goal to become carbon neutral in all direct and
indirect emissions (scopes 1 and 2), product transportation, business travel, and
employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable
electricity sourcing goal by the end of 2027;
•epidemics or pandemics, which may negatively impact the global economy in a
significant manner for an extended period of time, and could also materially adversely
affect our business and operating results;
•industry changes resulting from vertical and horizontal consolidation among our
suppliers, competitors, and customers;
•the ability to successfully ramp up new programs that could be impacted by factors
beyond our control, including the availability of critical third-party components and
performance of subcontractors in line with our expectations; and
•individual customer use of certain products, which may differ from the anticipated uses of
such products and result in differences in performance, including energy consumption,
may lead to a failure to achieve our disclosed emission-reduction goals, adverse legal
action or additional research costs.
Such forward-looking statements are subject to various risks and uncertainties, which may
cause actual results and performance of our business to differ materially and adversely from
the forward-looking statements. Certain forward-looking statements can be identified by the
use of forward-looking terminology, such as “believes”, “expects”, “may”, “are expected to”,
“should”, “would be”, “seeks” or “anticipates” or similar expressions or the negative thereof
or other variations thereof or comparable terminology, or by discussions of strategy, plans
or intentions.