Segment, Geographic Information and Major Customers

12 Months Ended

Jun. 25, 2023

Segment Reporting [Abstract]

Segment, Geographic Information and Major Customers

Segment, Geographic Information, and Major Customers

The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. The Company’s material operating segments qualify for aggregation due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution.

The Company operates in seven geographic regions: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. For geographical reporting, revenue is attributed to the geographic location in which the customers’ facilities are located, while long-lived assets; which includes property and equipment, net, and recognized right of use assets reported in other assets in the Consolidated Balance Sheets as of June 25, 2023 and June 26, 2022; are attributed to the geographic locations in which the assets are located.

Revenues and long-lived assets by geographic region were as follows: 

	Year Ended
	June 25, 2023		June 26, 2022		June 27, 2021
Revenue:	(in thousands)
China	$	4,462,663	$	5,411,502	$	5,137,886
Korea	3,551,742		4,037,467		3,924,685
Taiwan	3,477,862		2,936,482		2,117,999
Japan	1,758,364		1,624,573		1,363,907
United States	1,665,136		1,147,346		672,716
Southeast Asia	1,354,471		1,357,648		945,478
Europe	1,158,278		712,021		463,479
Total revenue	$	17,428,516	$	17,227,039	$	14,626,150

	June 25, 2023		June 26, 2022		June 27, 2021
Long-lived assets:	(in thousands)
United States	$	1,367,534	$	1,276,274	$	1,137,490
Southeast Asia	339,415		248,029		129,881
Korea	215,898		183,809		62,502
Europe	93,732		77,658		77,661
Taiwan	65,432		72,845		47,279
China	8,865		7,214		9,301
Japan	8,452		8,406		13,149
	$	2,099,328	$	1,874,235	$	1,477,263

In fiscal year 2023, two customers accounted for approximately 22% and 16% of total revenues, respectively. In fiscal year 2022, four customers accounted for approximately 21%, 12%, 12%, and 11% of total revenues, respectively. In fiscal year 2021, three customers accounted for approximately 25%, 12%, and 10% of total revenues, respectively. No other customers accounted for more than 10% of total revenues.