Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Improved facility energy efficiency by replacing air conditioners and heat exchangers with higher efficiency units.
• New headquarters facility upgrades include high-efficiency lighting, modernized electrical power and cooling infrastructure, and added Electric Vehicle charging stations.

Social Achievements

• Quarterly hiring and turnover reviews, annual salary reviews using third-party data for competitive compensation.
• Annual employee surveys to evaluate satisfaction (4.1/5 rating on Glassdoor).
• Variable compensation, employee profit sharing, equity awards (stock options, RSUs, employee stock purchase plan), and stock appreciation bonus program for non-U.S. employees.
• 401k plan and Employee Stock Ownership plan for U.S. employees.
• Recurring training in compliance with California regulations (sexual harassment, workplace violence prevention, DEI).
• Employee engagement through corporate events and a "First Years" group.
• Health care coverage, life insurance, continuing education assistance, and health club membership reimbursement.

Governance Achievements

• Board diversity meeting Nasdaq Rule 5605(f)(2) objectives (33% female).
• Code of Conduct and Ethics policy, Insider Trading Policy signed by all employees and Board members.
• Employee handbook addressing sexual harassment, confidentiality, and electronic use.
• Director and Officer Questionnaires to identify conflicts of interest.
• Audit, Compensation, and Nominating and Governance Committees for corporate oversight.

Climate Goals & Targets

Environmental Challenges

• Reliance on a small number of customers for a large portion of sales.
• Intense competition in the semiconductor equipment industry.
• Market acceptance of the FOX system.
• Supply chain issues and component shortages.
• Risks associated with international business operations.
• Fluctuations in the value of the U.S. dollar.
• Dependence on subcontractors and sole-source suppliers.
• Tightening fiscal monetary policy and economic downturns.
• Potential for litigation related to intellectual property infringement.
• Cybersecurity threats.

Mitigation Strategies

• Ongoing credit evaluations of customers and use of letter of credit terms for some international customers.
• Significant investment in new product development and expansion of customer service and support.
• Lengthy qualification and correlation tests before customer incorporation of FOX system.
• Steps taken to assure supply from key suppliers.
• Sales and service operations in multiple countries, dedicated service resources in China and South Korea, and a network of distributors and sales representatives.
• No investment in currency hedging instruments.
• Efforts to identify and qualify replacement subcontractors and suppliers.
• Implementation of cost controls and operational restructuring during periods of weak revenue.
• Maintenance of patents and other intellectual property protection measures.
• Significant resources devoted to protecting systems and data from unauthorized access or misuse.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• FOX-P family of test and burn-in systems
• FOX WaferPak Aligner
• FOX WaferPak Contactor
• FOX DiePak Carrier
• FOX DiePak Loader