FORM 10-K

Item 1. Business

ACME Chips designs graphics processors for gaming and data centers. Our wafers are manufactured by TSMC and Samsung.

Item 1A. Risk Factors

We depend on two foundries for our wafers.

Export controls may restrict our sales of data center products to China.

A cybersecurity incident could disrupt our operations.

Demand for gaming products is seasonal.

Item 7. Management's Discussion and Analysis

Revenue was $8.6 billion, up 12% from a year ago.