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Related Party Transactions
9 Months Ended
Sep. 28, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
 
The Company has equity ownership 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. One member of the Company's executive officers serves on the Board of Directors of ATEC.
 Three Months Ended September 28, 2024Three Months Ended September 30, 2023
(in millions)PowersemEB TechATECPowersemEB TechATEC
Sales to related party$0.3 $— $— $0.5 $— $— 
Purchase material/service from related party0.6 0.2 0.6 1.2 0.1 2.0 
Nine Months Ended September 28, 2024Nine Months Ended September 30, 2023
(in millions)PowersemEB-TechATECPowersemEB TechATEC
Sales to related party$1.2 $— $— $1.7 $— $— 
Purchase material/service from related party3.0 0.6 3.5 3.3 0.3 7.6 
 September 28, 2024December 30, 2023
(in millions)PowersemEB TechATECPowersemEB TechATEC
Accounts receivable balance$0.1 $— $— $— $— $— 
Accounts payable balance$0.5 $— $0.1 $0.5 $— $1.0