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Net Revenue (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contracts with Customers [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on revenue source, timing of revenue recognition and end markets that we serve, for the three and nine month periods ended September 30, 2024 and 2023. The Company believes these categories best depict the nature and timing of revenue:

Three Months Ended
September 30
Nine Months Ended
September 30
2024202320242023
Type of goods and services:
Wafer revenue(1)(2)
$1,565 $1,646 $4,421 $4,903 
Non wafer revenue(1)(2)
174 206 499 635 
Total$1,739 $1,852 $4,920 $5,538 
Timing of revenue recognition:
Revenue recognized over time$127 $117 $384 $332 
Revenue recognized at a point in time1,612 1,735 4,536 5,206 
Total$1,739 $1,852 $4,920 $5,538 
End Markets:
Smart Mobile Devices$868 $779 $2,310 $2,258 
Communications Infrastructure & Datacenter133 156 407 719 
Home and Industrial IoT308 408 912 1,198 
Automotive256 303 792 728 
Non wafer revenue and other
174 206 499 635 
Total
$1,739 $1,852 $4,920 $5,538 

(1) Beginning in 2024, access fees and other have been reclassified from wafer revenue to non wafer revenue. Prior period amounts have been recast to conform to the current presentation.
(2) Beginning in the fourth quarter 2023, underutilization charges have been included in wafer revenue. Prior period amounts have been recast to conform to the current presentation.