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IDENTIFIED INTANGIBLE ASSETS
 12 Months Ended
Dec. 27, 2025
IDENTIFIED INTANGIBLE ASSETS  
IDENTIFIED INTANGIBLE ASSETS

NOTE 11 - IDENTIFIED INTANGIBLE ASSETS

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As of

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December 27, 2025

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December 28, 2024

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Gross

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Accumulated 

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Gross

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Accumulated 

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U.S. dollars in millions

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Assets

  ​ ​ ​

Amortization

  ​ ​ ​

Net

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Assets

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Amortization

  ​ ​ ​

Net

Developed technology

  ​ ​ ​

$

3,705

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$

2,761

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$

944

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$

3,705

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$

2,384

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$

1,321

Customer relationships & brands

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777

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555

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222

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786

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498

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288

Total

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$

4,482

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$

3,316

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$

1,166

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$

4,491

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$

2,882

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$

1,609

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Amortization expenses recorded for developed technology and customer relationships and brands were recorded in cost of revenue and sales and marketing, respectively, in the consolidated statements of operations and comprehensive income (loss) for each year presented.

The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives:

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Year ended

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Weighted Average

U.S. dollars in millions

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December 27, 2025

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December 28, 2024

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December 30, 2023

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Useful Life

Developed technology

 

$

377

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$

376

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$

406

 

10

Customer relationships & brands

 

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66

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68

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68

 

12

Total amortization expenses

 

$

443

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$

444

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$

474

 

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During the year ended December 27, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of $9 million.

During the third quarter of 2024, we performed an impairment assessment of intangible assets and concluded that the sum of the expected future undiscounted cash flows expected to be generated by the intangible assets is substantially above their carrying amount and therefore no impairment was identified. The Company did not record any impairment of intangible assets for any of the periods presented.

The Company expects future amortization expenses for the next five years and thereafter to be as follows:

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U.S. dollars in millions

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2026

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2027

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2028

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2029

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2030

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Thereafter

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Total

Future amortization expenses

 

$

333

 

$

179

 

$

176

 

$

131

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$

97

 

$

250

 

$

1,166

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