The business overview in the MD&A has been changed.

This is the latest one which sounds more positive than the previous one below.

Bold is mine

From November 28 2016

Overview

 We are an advanced semiconductor development and manufacturing company positioned to disrupt the market for integrated photonics. Our definition of “integrated photonics” goes beyond the conventional approach to integration in the markets for optical data communication and other applications. Instead of combining multiple discrete devices into a single package, our technology creates the potential of a single, monolithic semiconductor

From August 2016

Business Overview

A Second Wave of Growth

Electronics is pervasive in everything we do – at work, at home and on the move. Its ubiquitous presence has been

enabled by decades of improvements and enhancements in fundamental semiconductor technologies, which has

resulted in smaller, faster and more power efficient devices.

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