Segment Information

9 Months Ended

Oct. 04, 2025

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 the Chief Executive Officer. 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 Condensed Consolidated Statement of Operations as Net loss. The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as Total assets.

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):

	Three Months Ended				Nine Months Ended
	October 4, 2025		September 28, 2024		October 4, 2025		September 28, 2024
United States	$	20,701	$	14,710	$	61,939	$	30,779
China	67,153		61,939		187,055		137,479
Taiwan	35,507		19,778		95,796		50,533
Rest of world	82,638		69,968		231,768		199,346
Total	$	205,999	$	166,395	$	576,558	$	418,137

The significant expense categories regularly provided to the CODM, in addition to the expense categories included within net loss presented on the Company’s Condensed Consolidated Statement of Operations, are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	October 4, 2025		September 28, 2024		October 4, 2025		September 28, 2024
Research and development:
Employee base compensation	$	32,764	$	31,872	$	98,170	$	92,286
Other research and development expenses (1)	54,921		51,356		165,555		157,501
Total research and development	$	87,685	$	83,228	$	263,725	$	249,787
Selling, general and administrative:
Employee base compensation	$	13,750	$	13,340	$	41,596	$	39,107
Other selling, general and administrative expenses (1)	29,926		23,453		86,873		69,934
Total selling, general and administrative	$	43,676	$	36,793	$	128,469	$	109,041

(1) Other research and development and selling, general and administrative expenses include other personnel-related expenses, outside services, software expense, depreciation, amortization, and other expenses.

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

	October 4, 2025		December 28, 2024
United States	$	107,204	$	107,612
Rest of world	21,119		24,524
Total	$	128,323	$	132,136