v3.22.4
Segment, Customers, and Geographic Information
6 Months Ended
Dec. 24, 2022
Segment Reporting [Abstract]  
Segment, Customers, and Geographic Information

15. Segment, Customers, and Geographic Information

We operate in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. We generate our revenue from three broad product categories: the IoT product market, the personal computing, or PC, product market, and the Mobile product market. We sell our products to OEMs and to contract manufacturers that provide manufacturing services to OEMs.

Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December

 

 

December

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

China

 

$

131.7

 

 

$

142.1

 

 

$

246.2

 

 

$

277.2

 

Taiwan

 

 

85.2

 

 

 

127.6

 

 

 

265.9

 

 

 

247.1

 

Japan

 

 

90.8

 

 

 

119.5

 

 

 

197.1

 

 

 

211.1

 

Other

 

 

32.3

 

 

 

16.8

 

 

 

68.9

 

 

 

33.3

 

South Korea

 

 

11.5

 

 

 

10.7

 

 

 

17.1

 

 

 

18.9

 

United States

 

 

1.6

 

 

 

3.8

 

 

 

6.0

 

 

 

5.6

 

 

 

$

353.1

 

 

$

420.5

 

 

$

801.2

 

 

$

793.2

 

 

Net revenue from our customers for each product category was as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December

 

 

December

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

IoT product applications

 

$

239.3

 

 

$

261.5

 

 

$

582.0

 

 

$

467.2

 

PC product applications

 

 

56.5

 

 

 

82.7

 

 

 

121.7

 

 

 

171.3

 

Mobile product applications

 

 

57.3

 

 

 

76.3

 

 

 

97.5

 

 

 

154.7

 

 

 

$

353.1

 

 

$

420.5

 

 

$

801.2

 

 

$

793.2

 

Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

December

 

December

 

 

2022

 

2021

 

2022

 

2021

Customer A

 

11%

 

13%

 

10%

 

12%

Customer B

 

*

 

12%

 

10%

 

12%

____________________

* Less than 10%

 

We extend credit based on evaluation of a customer’s financial condition, and we generally do not require collateral. Major customer accounts receivable as a percentage of total accounts receivable were as follows:

 

 

 

December

 

June

 

 

2022

 

2022

 

 

 

 

 

Customer A

 

16%

 

17%

Customer B

 

14%

 

15%