Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 11

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 11
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 specific conditions in the markets
we address.

At
various times in our history, including currently and in the recent past, general worldwide economic conditions have experienced
downturns due to slower economic activity, concerns about inflation, increased energy costs, decreased consumer confidence, reduced
corporate profits and capital spending, and adverse business conditions. Any continuation or worsening of global economic and
financial conditions could materially adversely affect: (i) our ability to raise, or the cost of, needed capital, (ii) demand for
our current and future products, and (iii) our ability to commercialize products. Additionally, the outbreak of wars or infectious
diseases, as recently experienced, may cause an unexpected deterioration in economic conditions. We cannot predict the timing,
strength, or duration of any economic slowdown or subsequent economic recovery, worldwide, regionally or in the industrial,
automotive or technology sectors.

14

Because a significant proportion of our company is outside of the U.S. and we utilize foreign suppliers and manufacturers,
our operating results could be harmed by economic, political, regulatory and other factors in foreign countries.

During
2021, we established an office in Germany and on January 31, 2023, we completed our acquisition of certain assets of Ibeo, with the result
that we now have more employees and operations in Germany than in the U.S. In addition, we currently use foreign suppliers and partners
and plan to continue to do so to manufacture current and future components and products, where appropriate. These international operations
are subject to inherent risks, which may adversely affect us, including, but not limited to:

    ●
    Political
    and economic instability, international terrorism and the outbreak of war, such as the Russian invasion and continuing war against
    Ukraine and the ongoing conflict in the Middle East;

    ●
    High
    levels of inflation, as has historically been the case in a number of countries in Asia;

    ●
    Burdens
    and costs of compliance with a variety of foreign laws, regulations and sanctions;

    ●
    Foreign
    taxes and duties;

    ●
    Significant instability
    in tariff rates or other trade, tax or monetary policies;

    ●
    Changes
    or volatility in currency exchange rates and interest rates;

    ●
    Global
    or regional health crises and epidemics; and

    ●
    Disruptions
    in global supply chains.

We
have recently made and may in the future make acquisitions.