Intel 2009 Annual Report Download - page 25

Table of Contents
If we do enter into agreements with respect to acquisitions, divestitures, or other transactions, we may fail to complete them
due to:
Further, acquisitions, divestitures, and other transactions require substantial management resources and have the potential to
divert our attention from our existing business. These factors could harm our business and results of operations.
In order to compete, we must attract, retain, and motivate key employees, and our failure to do so could harm our results of
operations.
In order to compete, we must attract, retain, and motivate executives and other key employees. Hiring and retaining qualified
executives, scientists, engineers, technical staff, and sales representatives are critical to our business, and competition for
experienced employees in the semiconductor industry can be intense. To help attract, retain, and motivate qualified employees,
we use share-based incentive awards such as employee stock options and non-vested share units (restricted stock units). If the
value of such stock awards does not appreciate as measured by the performance of the price of our common stock, or if our
share-based compensation otherwise ceases to be viewed as a valuable benefit, our ability to attract, retain, and motivate
employees could be weakened, which could harm our results of operations.
Our failure to comply with applicable environmental laws and regulations worldwide could harm our business and results
of operations.
The manufacturing and assembling and testing of our products require the use of hazardous materials that are subject to a
broad array of EHS laws and regulations. Our failure to comply with any of those applicable laws or regulations could result
in:
In addition, our failure to manage the use, transportation, emissions, discharge, storage, recycling, or disposal of hazardous
materials could subject us to increased costs or future liabilities. Existing and future environmental laws and regulations could
also require us to acquire pollution abatement or remediation equipment, modify our product designs, or incur other expenses
associated with such laws and regulations. Many new materials that we are evaluating for use in our operations may be subject
to regulation under existing or future environmental laws and regulations that may restrict our use of one or more of such
materials in our manufacturing, assembly and test processes, or products. Any of these restrictions could harm our business
and results of operations by increasing our expenses or requiring us to alter our manufacturing and assembly and test
processes.
Climate change poses both regulatory and physical risks that could harm our results of operations or affect the way we
conduct our business.
In addition to the possible direct economic impact that climate change could have on us, climate change mitigation programs
and regulations can increase our costs. For example, the cost of perfluorocompounds (PFCs), a gas that we use in our
manufacturing, could increase over time under some climate-change-
focused emissions trading programs that may be imposed
by government regulation. If the use of PFCs is prohibited, we would need to obtain substitute materials that may cost more or
be less available for our manufacturing operations. In addition, air quality permit requirements for our manufacturing
operations could become more burdensome and cause delays in our ability to modify our facilities. We also see the potential
for higher energy costs driven by climate change regulations. Our costs could increase if utility companies pass on their costs,
such as those associated with carbon taxes, emission cap and trade programs, or renewable portfolio standards. While we
maintain business recovery plans that are intended to allow us to recover from natural disasters or other events that can be
disruptive to our business, we cannot be sure that our plans will fully protect us from all such disasters or events. Many of our
operations are located in semi-arid regions, such as Israel and the southwestern U.S. Some scenarios predict that these regions
may become even more vulnerable to prolonged droughts due to climate change.
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failure to obtain required regulatory or other approvals;
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intellectual property or other litigation;
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difficulties that we or other parties may encounter in obtaining financing for the transaction; or
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other factors.
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regulatory penalties, fines, and legal liabilities;
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suspension of production;
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alteration of our fabrication and assembly and test processes; and
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curtailment of our operations or sales.