Segment Information

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has one operating segment, mixed-signal analog intensive products, consisting of numerous product areas. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM allocates resources and assesses performance of the business and other activities at the operating segment level. The CODM assesses performance for the operating segment and decides how to allocate resources based on net income (loss) that is also reported on the Consolidated Statement of Operations as Consolidated Net income (loss). The measure of segment assets is reported on the Consolidated Balance Sheets as Total assets.

The CODM uses net income (loss) to evaluate income generated in deciding whether to reinvest profits into the segment or to use such profits for other purposes, such as for acquisitions or share repurchases. Net income (loss) is used to monitor budget versus actual results. The CODM also uses net income (loss) in competitive analyses by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budget versus actual results are used in assessing performance of the segment, and in establishing management and variable compensation.

The Company groups its products into two categories, based on the target markets they address. See Note 13, Revenues, for a summary of the Company’s revenue by product category.

Revenue is attributed to a geographic area based on the shipped-to location. The following summarizes the Company’s revenue by geographic area (in thousands):

	Year Ended
	December 28, 2024		December 30, 2023		December 31, 2022
United States	$	56,493	$	92,550	$	176,379
China	188,169		219,741		334,821
Taiwan	77,430		90,382		105,602
Rest of world	262,294		379,585		407,304
Total	$	584,386	$	782,258	$	1,024,106

The CODM regularly reviews the Consolidated Statement of Operations and a disaggregation of operating expenses, of which the significant expenses are related to employee base compensation. Other segment items include other personnel-related expenses, outside services, software expense, depreciation and amortization of intangible assets, and other expenses. The following summarizes the significant and other operating expenses:

	Year Ended
	December 28, 2024		December 30, 2023		December 31, 2022
Operating expenses:
Employee base compensation	$	176,193	$	179,438	$	164,255
Other segment items	301,485		305,302		359,042
Operating expenses	$	477,678	$	484,740	$	523,297

The following summarizes the Company’s property and equipment, net by geographic area (in thousands):

	December 28, 2024		December 30, 2023
United States	$	107,612	$	116,357
Rest of world	24,524		29,533
Total	$	132,136	$	145,890