The company maintains a significant inventory of critical components to mitigate supplier-related risks. Many Butterfly probes are manufactured, tested, and shipped by Benchmark Electronics, Inc. from its facilities in Thailand. The company has a Foundry Service Agreement with Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of integrated circuits used in its probes. This agreement encompasses purchase orders, prepayments, monthly minimum purchase obligations, and intellectual property indemnification provisions. The agreement with TSMC expires in 2026 and includes automatic renewals unless terminated. Additionally, the company holds a Manufacture and Supply Agreement with Benchmark Electronics, Inc. for product manufacturing under binding purchase orders and forecasts, with periodic meetings to review minimum order requirements.
Butterfly Network Inc's Comment on Supply Chain
The company maintains a significant inventory of critical components to mitigate supplier-related risks. Many Butterfly probes are manufactured, tested, and shipped by Benchmark Electronics, Inc. from its facilities in Thailand. The company has a Foundry Service Agreement with Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of integrated circuits used in its probes. This agreement encompasses purchase orders, prepayments, monthly minimum purchase obligations, and intellectual property indemnification provisions. The agreement with TSMC expires in 2026 and includes automatic renewals unless terminated. Additionally, the company holds a Manufacture and Supply Agreement with Benchmark Electronics, Inc. for product manufacturing under binding purchase orders and forecasts, with periodic meetings to review minimum order requirements.
Sources:
Butterfly Network Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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