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Subsequent Events | 6 Months Ended
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Apr. 02, 2021
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | 13. SUBSEQUENT EVENT Subsequent to quarter end, on April 22, 2021, the Company announced that it had entered into a definitive agreement with Silicon Laboratories Inc. (“Silicon Labs”), to acquire certain assets, rights, and properties, and to assume certain liabilities, comprising Silicon Labs’ Infrastructure and Automotive business in an all-cash transaction valued at $2.75 billion. The Company expects to fund the transaction with a combination of cash on hand and debt financing. The transaction, which is expected to close during the third calendar quarter of 2021, has been approved by the boards of directors of both companies and is subject to customary closing conditions, including regulatory approvals. In anticipation of the acquisition, the Company has temporarily suspended repurchase activities under the January 26, 2021, stock repurchase program.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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