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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)        
Revenue $ 454 $ 460 $ 912 $ 854
Cost of revenue 230 231 481 449
Gross profit 224 229 431 405
Research and development, net 211 179 446 359
Sales and marketing 29 29 62 64
General and administrative 17 11 37 18
Total operating expenses 257 219 545 441
Operating income (loss) (33) 10 (114) (36)
Interest income with related party   3   4
Interest expense with related party   (9)   (9)
Other financial income (expense), net 15 4 23 5
Income (loss) before income taxes (18) 8 (91) (36)
Benefit (provision) for income taxes (10) (15) (16) (31)
Net income (loss) $ (28) $ (7) $ (107) $ (67)
Earnings (loss) per share attributed to Class A and Class B stockholders:        
Basic $ (0.04) $ (0.01) $ (0.13) $ (0.09)
Diluted $ (0.04) $ (0.01) $ (0.13) $ (0.09)
Weighted-average number of shares used in computation of earnings (loss) per share attributed to Class A and Class B stockholders (in millions):        
Basic 805 750 803 750
Diluted 805 750 803 750
Other comprehensive income (loss), net of tax   $ (26) $ 9 $ (29)
TOTAL COMPREHENSIVE INCOME (LOSS) $ (28) $ (33) $ (98) $ (96)