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Industry, Segment and Geographic Information
12 Months Ended
Nov. 02, 2024
Segment Reporting [Abstract]  
Industry, Segment and Geographic Information Industry, Segment and Geographic Information
The 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.
 202420232022
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Industrial$4,314,280 46 %$6,611,794 54 %$6,230,874 52 %
Automotive2,827,439 30 %2,876,140 23 %2,407,822 20 %
Communications1,080,496 11 %1,606,426 13 %1,855,311 15 %
Consumer1,204,942 13 %1,211,179 10 %1,519,946 13 %
Total revenue$9,427,157 100 %$12,305,539 100 %$12,013,953 100 %
_______________________________________
(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.
202420232022
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Revenue% of
Total
Revenue (1)
Distributors$5,505,779 58 %$7,534,894 61 %$7,458,478 62 %
Direct customers3,772,945 40 %4,603,166 37 %4,423,883 37 %
Other148,433 %167,479 %131,592 %
Total revenue$9,427,157 100 %$12,305,539 100 %$12,013,953 100 %
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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 2024, fiscal 2023 and fiscal 2022 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 particularly in cases where a third-party contract manufacturer purchases the Company’s products through distributors. In all periods presented, the predominant regions comprising “Rest of North and South America” are Canada and Mexico; the predominant regions comprising “Europe” are Germany, Sweden, Israel and the Netherlands; and the predominant regions comprising “Rest of Asia” are Taiwan, Malaysia, South Korea and Singapore.
202420232022
Revenue   
United States$2,840,426 $4,165,296 $4,025,398 
Rest of North and South America62,318 88,579 72,497 
Europe2,109,529 3,001,871 2,534,423 
Japan1,085,631 1,397,119 1,221,549 
China2,128,840 2,229,631 2,563,536 
Rest of Asia1,200,413 1,423,043 1,596,550 
Subtotal all foreign regions
6,586,731 8,140,243 7,988,555 
Total revenue$9,427,157 $12,305,539 $12,013,953 
Property, plant and equipment   
United States$1,907,527 $1,577,914 $1,117,404 
Ireland625,658 573,684 343,728 
Philippines468,900 620,453 608,474 
Thailand195,150 209,660 143,558 
Malaysia108,286 123,574 119,670 
All other regions
110,029 113,872 68,470 
Subtotal all foreign regions
1,508,023 1,641,243 1,283,900 
Total property, plant and equipment$3,415,550 $3,219,157 $2,401,304