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Industry, Segment and Geographic Information
12 Months Ended
Oct. 29, 2022
Segment Reporting [Abstract]  
Industry, Segment and Geographic Information Industry, Segment and Geographic InformationThe Company operates and tracks its results in one reportable segment based on the aggregation of its operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Chief
Executive Officer has been identified as the Company's Chief Operating Decision Maker. The Company has determined that all of the Company's operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely:
The primary source of revenue for each operating segment is the sale of ICs.
The ICs sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes.
The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications.
The ICs marketed by each of the Company's operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via the Company's website to the same types of customers.
All of the Company's operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company's operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are proportionally similar for each operating segment.
Revenue Trends by End Market
The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the "ship to" customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company's methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within each end market.
 202220212020
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Industrial$6,069,332 51 %$4,026,909 55 %$3,005,585 54 %
Automotive2,515,513 21 %1,248,169 17 %778,714 14 %
Communications1,880,697 16 %1,206,867 16 %1,193,809 21 %
Consumer1,548,411 13 %836,341 11 %624,948 11 %
Total revenue$12,013,953 100 %$7,318,286 100 %$5,603,056 100 %
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(1)The sum of the individual percentages may not equal the total due to rounding.
Revenue by Sales Channel
The following tables summarize revenue by sales channel. The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.
202220212020
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Distributors$7,458,478 62 %$4,589,944 63 %$3,216,302 57 %
Direct customers4,423,883 37 %2,600,353 36 %2,300,493 41 %
Other131,592 %127,989 %86,261 %
Total revenue$12,013,953 100 %$7,318,286 100 %$5,603,056 100 %
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(1)The sum of the individual percentages may not equal the total due to rounding.
Geographic Information
Geographic revenue information for fiscal 2022, fiscal 2021 and fiscal 2020 reflects the geographic location of the distributors or OEMs who purchased the Company's products. This may differ from the geographic location of the end customers. In all periods presented, the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany, Sweden, and the Netherlands; and the predominant countries comprising “Rest of Asia” are Taiwan, Malaysia, South Korea and Singapore.
202220212020
Revenue   
United States$4,025,398 $2,389,439 $1,887,443 
Rest of North and South America72,497 42,830 41,250 
Europe2,534,423 1,592,989 1,245,695 
Japan1,221,549 787,966 521,720 
China2,563,536 1,614,396 1,348,011 
Rest of Asia1,596,550 890,666 558,937 
Subtotal all foreign countries7,988,555 4,928,847 3,715,613 
Total revenue$12,013,953 $7,318,286 $5,603,056 
Property, plant and equipment   
United States$1,117,404 $956,624 $579,755 
Ireland343,728 206,353 169,968 
Philippines608,474 524,128 256,470 
Thailand143,558 126,040 — 
Singapore (1)— — 18,518 
Malaysia119,670 84,971 53,616 
All other countries68,470 80,935 42,234 
Subtotal all foreign countries1,283,900 1,022,427 540,806 
Total property, plant and equipment$2,401,304 $1,979,051 $1,120,561 
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(1)As further discussed in Note 5, Special Charges, Net, of the Notes to Consolidated Financial Statements, the Company sold this facility in fiscal 2021.