Related Party Transactions

9 Months Ended

Sep. 27, 2025

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 15% 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.

	Three Months Ended September 27, 2025						Three Months Ended September 28, 2024
(in millions)	Powersem		EB Tech		ATEC		Powersem		EB Tech		ATEC
Sales to related party	$	0.3	$	—	$	—	$	0.3	$	—	$	—
Purchase material/service from related party	0.6		0.1		2.4		0.6		0.2		0.6
	Nine Months Ended September 27, 2025						Nine Months Ended September 28, 2024
(in millions)	Powersem		EB Tech		ATEC		Powersem		EB Tech		ATEC
Sales to related party	$	0.9	$	—	$	—	$	1.2	$	—	$	—
Purchase material/service from related party	1.7		0.8		5.7		3.0		0.6		3.5
	September 27, 2025						December 28, 2024
(in millions)	Powersem		EB Tech		ATEC		Powersem		EB Tech		ATEC
Accounts receivable balance	$	0.1	$	—	$	—	$	—	$	—	$	—
Accounts payable balance	0.3		—		0.9		0.7		0.1		0.7