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Related Party Transactions
 12 Months Ended
Dec. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
 
As a result of the Company’s acquisition of IXYS, the Company has equity ownerships in various investments that are accounted for under the equity method. The following is a description of the investments and related party transactions.
 
Powersem GmbH: The Company owns 45% of the outstanding equity of Powersem GmbH (“Powersem”), a module manufacturer based in Germany.
 
EB-Tech Co., Ltd.: The Company owns approximately 19% of the outstanding equity of EB-Tech Co., Ltd. (“EB Tech”), a company with expertise in radiation technology based in South Korea.
 
Automated Technology (Phil), Inc.: The Company owns approximately 24% of the outstanding common shares of Automated Technology (Phil), Inc. (“ATEC”), a supplier located in the Philippines that provides assembly and test services.
Fiscal Year Ended
December 30, 2023December 31, 2022
(in millions)PowersemEB Tech ATECPowersemEB Tech ATEC
Sales to related party$2.1 $— $— $— $— $— 
Purchase of material/services from related party4.3 0.4 9.0 0.3 0.4 11.5 
Accounts receivable balance— — — — — — 
Accounts payable balance$0.5 $— $1 $— $— $1.8