Inventories

9 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are comprised of the following (in thousands):

	December 30,		March 25,
	2023		2023
Work in process	$	153,080	$	116,088
Finished goods	103,595		117,362
	$	256,675	$	233,450

The increase in inventory balance from fiscal year-end is due to inventory build associated with fulfilling our wafer purchase commitments per our long-term capacity agreement with GLOBALFOUNDRIES Singapore Pte. Ltd. (“GlobalFoundries”). See further details in Note 13 - Commitments and Contingencies.