Inventories

3 Months Ended

Jun. 24, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are comprised of the following (in thousands):

	June 24,		March 25,
	2023		2023
Work in process	$	105,315	$	116,088
Finished goods	195,641		117,362
	$	300,956	$	233,450

The increase in inventory balance versus the prior quarter is due to inventory build to support seasonal product launches and fulfilling our wafer purchase commitments per our long-term capacity agreement with GLOBALFOUNDRIES Singapore Pte. Ltd. (“GlobalFoundries”). See further details in Note 12 - Commitments and Contingencies.