In fiscal 2025, the Company initiated actions to reduce operating expenses, streamline its manufacturing footprint and focus on opportunities that align with its long-term profitability objectives (the "2025 Restructuring Initiatives"). As part of these actions, the Company reduced its workforce related to its mass-market Android business, sold its silicon carbide power device business, cancelled certain multiyear projects to update the Company's core business systems, and began to seek strategic alternatives related to its microelectromechanical system-based sensing solutions business.

The following table summarizes the charges resulting from the 2025 Restructuring Initiatives during the three months ended June 28, 2025 (in thousands):


	Cost of Goods Sold		Other Operating Expense		Total
Contract termination and other costs	$	2,225	$	1,989	$	4,214
One-time employee termination benefits	—		1,553		1,553
Total	$	2,225	$	3,542	$	5,767

As of June 28, 2025, the Company has recorded cumulative expenses of approximately $59.3 million, $196.0 million, and $9.3 million for contract termination and other costs, asset impairment costs (including goodwill, intangible and other asset impairments, and gain on sale of business) and one-time employee termination benefits, respectively, as a result of the 2025 Restructuring Initiatives. The Company does not expect to incur additional material charges related to the 2025 Restructuring Initiatives.

The following table summarizes the liability activity related to the 2025 Restructuring Initiatives for the three months ended June 28, 2025 (in thousands):


	One-Time Employee Termination Benefits		Contract Termination and Other Costs		Total
Accrued restructuring balance as of March 29, 2025	$	477	$	30,488	$	30,965
Costs incurred and charged to expense	1,553		1,989		3,542
Cash payments	(746)		(2,330)		(3,076)
Accrued restructuring balance as of June 28, 2025	$	1,284	$	30,147	$	31,431

During the three months ended June 29, 2024, the Company incurred $16.8 million in restructuring-related charges (which are included in "Other operating expense") in connection with an initiative that began in fiscal 2024 to divest its assembly and test operations in China. The sale of these operations was completed in the first quarter of fiscal 2025.