IDENTIFIED INTANGIBLE ASSETS

6 Months Ended

Jun. 28, 2025

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 8 - IDENTIFIED INTANGIBLE ASSETS

	As of
	June 28, 2025						December 28, 2024
			Accumulated						Accumulated
U.S. dollars in millions	Gross Assets		Amortization		Net		Gross Assets		Amortization		Net
Developed technology	$	3,705	$	2,572	$	1,133	$	3,705	$	2,384	$	1,321
Customer relationships & brands		777		523		254		786		498		288
Total	$	4,482	$	3,095	$	1,387	$	4,491	$	2,882	$	1,609

The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives:

	Three months ended				Six months ended
									Weighted
	June 28,		June 29,		June 28,		June 29,		Average
U.S. dollars in millions	2025		2024		2025		2024		Useful Life
Developed technology	$	94	$	94	$	188	$	188	10
Customer relationships & brands		17		17		34		34	12
Total amortization expenses	$	111	$	111	$	222	$	222

During the six months ended June 28, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of $9 million.

The Company expects future amortization expenses for the next five years and thereafter to be as follows:

	Remainder
U.S. dollars in millions	of 2025		2026		2027		2028		2029		Thereafter		Total
Future amortization expenses	$	221	$	332	$	179	$	176	$	131	$	348	$	1,387