demand and market acceptance for our products and/or our customers’ products;

•inability to successfully develop and produce in volume production our next-generation products;

•competitive pressures resulting in lower than expected average selling prices; and

•new product announcements or product introductions by our competitors.



We expect to spend approximately $150.0 million to $175.0 million for capital expenditures during fiscal year 2015, primarily for leasehold improvements, emulation equipment, computers and engineering workstations.  



For additional factors see “Item 1A. Risk Factors - Risks Related to Our Business, Industry and Partners - Our revenue may fluctuate while a majority of our operating expenses are a factor of multi-year investments ahead of when revenue is received, which makes our results difficult to predict and could cause our results to fall short of expectations.”

Contractual Obligations





Off-Balance Sheet Arrangements



During fiscal years 2014, 2013 and 2012, we had no material off-balance sheet arrangements as defined in Regulation S-K 303(a)(4)(ii).



Adoption of New and Recently Issued Accounting Pronouncements



Please see Note 1 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on Form 10-K for a discussion of adoption of new and recently issued accounting pronouncements.