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Industry, Segment and Geographic Information | 12 Months Ended
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Nov. 02, 2024
Segment Reporting [Abstract] |
Industry, Segment and Geographic Information | Industry, Segment and Geographic Information The Company operates and tracks its results in one reportable segment based on the aggregation of its operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Chief Executive Officer has been identified as the Company’s Chief Operating Decision Maker. The Company has determined that all of the Company’s operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely: •The primary source of revenue for each operating segment is the sale of ICs. •The ICs sold by each of the Company’s operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes. •The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications. •The ICs marketed by each of the Company’s operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via the Company’s website to the same types of customers. All of the Company’s operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company’s operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are proportionally similar for each operating segment. Revenue Trends by End Market The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company’s methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within each end market.
| 2024 |  |  |  | 2023 |  | 2022
| Revenue |  | % of Total Revenue (1) |  |  |  | Revenue |  | % of Total Revenue (1) |  | Revenue |  | % of Total Revenue (1)
Industrial | $ | 4,314,280 |  |  | 46 | % |  |  |  | $ | 6,611,794 |  |  | 54 | % |  | $ | 6,230,874 |  |  | 52 | %
Automotive | 2,827,439 |  |  | 30 | % |  |  |  | 2,876,140 |  |  | 23 | % |  | 2,407,822 |  |  | 20 | %
Communications | 1,080,496 |  |  | 11 | % |  |  |  | 1,606,426 |  |  | 13 | % |  | 1,855,311 |  |  | 15 | %
Consumer | 1,204,942 |  |  | 13 | % |  |  |  | 1,211,179 |  |  | 10 | % |  | 1,519,946 |  |  | 13 | %
Total revenue | $ | 9,427,157 |  |  | 100 | % |  |  |  | $ | 12,305,539 |  |  | 100 | % |  | $ | 12,013,953 |  |  | 100 | %
_______________________________________ (1)The sum of the individual percentages may not equal the total due to rounding. Revenue by Sales Channel The following tables summarize revenue by sales channel. The Company sells its products globally through a direct sales force, third-party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.
| 2024 |  |  | 2023 |  | 2022
| Revenue |  | % of Total Revenue (1) |  |  | Revenue |  | % of Total Revenue (1) |  | Revenue |  | % of Total Revenue (1)
Distributors | $ | 5,505,779 |  |  | 58 | % |  |  | $ | 7,534,894 |  |  | 61 | % |  | $ | 7,458,478 |  |  | 62 | %
Direct customers | 3,772,945 |  |  | 40 | % |  |  | 4,603,166 |  |  | 37 | % |  | 4,423,883 |  |  | 37 | %
Other | 148,433 |  |  | 2 | % |  |  | 167,479 |  |  | 1 | % |  | 131,592 |  |  | 1 | %
Total revenue | $ | 9,427,157 |  |  | 100 | % |  |  | $ | 12,305,539 |  |  | 100 | % |  | $ | 12,013,953 |  |  | 100 | %
_______________________________________ (1)The sum of the individual percentages may not equal the total due to rounding. Geographic Information Geographic revenue information for fiscal 2024, fiscal 2023 and fiscal 2022 reflects the geographic location of the distributors or OEMs who purchased the Company’s products. This may differ from the geographic location of the end customers particularly in cases where a third-party contract manufacturer purchases the Company’s products through distributors. In all periods presented, the predominant regions comprising “Rest of North and South America” are Canada and Mexico; the predominant regions comprising “Europe” are Germany, Sweden, Israel and the Netherlands; and the predominant regions comprising “Rest of Asia” are Taiwan, Malaysia, South Korea and Singapore.
| 2024 |  | 2023 |  | 2022
Revenue |  |  |  |  |
United States | $ | 2,840,426 |  |  | $ | 4,165,296 |  |  | $ | 4,025,398 |
Rest of North and South America | 62,318 |  |  | 88,579 |  |  | 72,497 |
Europe | 2,109,529 |  |  | 3,001,871 |  |  | 2,534,423 |
Japan | 1,085,631 |  |  | 1,397,119 |  |  | 1,221,549 |
China | 2,128,840 |  |  | 2,229,631 |  |  | 2,563,536 |
Rest of Asia | 1,200,413 |  |  | 1,423,043 |  |  | 1,596,550 |
Subtotal all foreign regions | 6,586,731 |  |  | 8,140,243 |  |  | 7,988,555 |
Total revenue | $ | 9,427,157 |  |  | $ | 12,305,539 |  |  | $ | 12,013,953 |
Property, plant and equipment |  |  |  |  |
United States | $ | 1,907,527 |  |  | $ | 1,577,914 |  |  | $ | 1,117,404 |
Ireland | 625,658 |  |  | 573,684 |  |  | 343,728 |
Philippines | 468,900 |  |  | 620,453 |  |  | 608,474 |
Thailand | 195,150 |  |  | 209,660 |  |  | 143,558 |
Malaysia | 108,286 |  |  | 123,574 |  |  | 119,670 |
All other regions | 110,029 |  |  | 113,872 |  |  | 68,470 |
Subtotal all foreign regions | 1,508,023 |  |  | 1,641,243 |  |  | 1,283,900 |
Total property, plant and equipment | $ | 3,415,550 |  |  | $ | 3,219,157 |  |  | $ | 2,401,304 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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