Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 32

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 32
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, in attaining or maintaining our sustainability-related initiatives. The topics on which we focus may not be popular with our stakeholders. These events or perceptions may expose us to additional reputational and operational risks.

Risks Relating to Acquisitions and Other Strategic Transactions

We may choose to acquire new and complementary businesses, products or technologies instead of developing them ourselves, and we may be unable to complete these acquisitions or may not be able to successfully integrate an acquired business in a cost-effective and non-disruptive manner.

Our success depends on our ability to continually enhance and broaden our product offerings in response to changing technologies, customer demands and competitive pressures. As part of our business strategy, we will continue to regularly evaluate investments in, or acquisitions of, complementary businesses, joint ventures, services and technologies, and we expect that periodically we will continue to make such investments and acquisitions in the future. We may, however, face competition for acquisition targets from larger and more established companies with greater financial resources, making it more difficult for us to complete acquisitions. We cannot provide any assurance that we will be successful in consummating future acquisitions on favorable terms or that we will realize the benefits that we anticipate from one or more acquisitions that we consummate. Integrating any business, product, technology or service into our current operations could be expensive and time-consuming and/or disrupt our ongoing business. Acquisitions and investments involve numerous risks, including, but not limited to:

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			acquisitions may underperform and we may not achieve any forecasted growth, benefits or synergies;

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			difficulties entering potentially new markets or manufacturing in new geographies where Cohu has no or limited direct prior experience;

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			difficulties and increased costs in connection with integration of the personnel, operations, technologies and products of acquired businesses;

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			unexpected reduction of sales of existing products as a result of the introduction of new products;

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			increasing the scope, geographic diversity and complexity of our business;

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			the cost and risk of having to potentially develop new and unfamiliar sales channels for acquired businesses;

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			diversion of management’s attention from other operational matters and current products and customers;

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			product manufacturing disruptions and delays as we potentially consolidate certain manufacturing sites;

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			difficulties and significant costs in integrating the systems and processes of two companies with complex operations including multiple manufacturing sites;

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			integration of acquired