FN · CIK 0001408710
What Fabrinet told the SEC could break it.
Fabrinet's defining risk is geographic: as a contract manufacturer of optical and electronic components, its principal manufacturing facilities are concentrated in Thailand, a single-country production base serving customers worldwide. Its demand is also concentrated, with individual customers each representing 10% or more of revenue. And because of where and what it makes, it is exposed to US export controls that bar certain technology exports to the PRC — restrictions it warns could be extended to Thailand, limiting its ability to manufacture certain products.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- Thailandhigh
Principal manufacturing facilities concentrated in Thailand (single-country production base).
“Our customers are located throughout the world, and our principal manufacturing facilities are located in Thailand.”
SEC filing →As of 2025
Customer concentration
- Customer concentrationmedium
Has individual customers ≥10% of revenue (named only in Note 20; not in narrative).
“Revenues, by percentage, from individual customers representing 10% or more of our revenues is set forth in Note 20 of our audited consolidated financial statements.”
SEC filing →As of 2025
Regulatory & policy
- US export controls to PRCmedium
Subject to US/other export controls barring certain technology exports to the PRC.
“The export of certain technologies from the United States and other nations to the PRC is barred by applicable export controls, and similar prohibitions could be extended to Thailand, thereby limiting our ability to manufacture certain products.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“the Company outsources higher volume product manufacturing to our manufacturing partners Benchmark and Fabrinet, both of which have manufacturing facilities in Thailand.”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch