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Segment Information And Concentrations | 12 Months Ended
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Sep. 27, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION AND CONCENTRATIONS | 14. SEGMENT INFORMATION AND CONCENTRATIONS The Company has a single reportable operating segment which designs, develops, manufactures, and markets similar proprietary semiconductor products, including intellectual property. In reaching this conclusion, management considers the definition of the chief operating decision maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, and how that information is used to make operating decisions, allocate resources, and assess performance. The Company’s CODM is the president and chief executive officer. The results of operations provided to and analyzed by the CODM are at the consolidated level and accordingly, key resource decisions and assessment of performance are performed at the consolidated level. The Company assesses its determination of operating segments at least annually. Disaggregation of Revenue and Geographic Information The Company presents net revenue by geographic area, based upon the location of the OEMs’ headquarters, and by sales channel, as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Individually insignificant OEMs are presented based upon the location of the Company’s direct customer, which is typically a distributor. Net revenue by geographic area is as follows (in millions):
| Fiscal Years Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
United States | $ | 3,202.2 |  |  | $ | 3,603.9 |  |  | $ | 3,685.7 |
Taiwan | 317.5 |  |  | 344.4 |  |  | 430.4 |
China | 303.4 |  |  | 358.3 |  |  | 599.6 |
South Korea | 203.9 |  |  | 198.3 |  |  | 458.2 |
Europe, Middle East, and Africa | 114.5 |  |  | 204.2 |  |  | 235.8 |
Other Asia-Pacific | 36.5 |  |  | 63.3 |  |  | 75.8 |
Total net revenue | $ | 4,178.0 |  |  | $ | 4,772.4 |  |  | $ | 5,485.5 |
Net revenue by sales channel is as follows (in millions):
| Fiscal Years Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Distributors | $ | 3,622.6 |  |  | $ | 4,235.7 |  |  | $ | 4,488.1 |
Direct customers | 555.4 |  |  | 536.7 |  |  | 997.4 |
Total net revenue | $ | 4,178.0 |  |  | $ | 4,772.4 |  |  | $ | 5,485.5 |
The Company’s revenue from external customers is generated principally from the sale of semiconductor products. Accordingly, the Company considers its product offerings to be similar in nature and therefore not segregated for reporting purposes. Property, plant, and equipment, net based on the physical locations within the indicated geographic areas are as follows (in millions):
| As of
| September 27, 2024 |  | September 29, 2023
Japan | $ | 526.1 |  |  | $ | 606.4 |
Singapore | 250.2 |  |  | 307.5 |
Mexico | 244.2 |  |  | 233.1 |
United States | 234.7 |  |  | 219.7 |
Rest of world | 25.1 |  |  | 23.4 |
Total property, plant, and equipment, net | $ | 1,280.3 |  |  | $ | 1,390.1 |
Concentrations Financial instruments that potentially subject the Company to concentration of credit risk consist principally of trade accounts receivable. Trade accounts receivable are primarily derived from sales to manufacturers of communications and consumer products and electronic component distributors. The Company performs ongoing credit evaluations of customers. During fiscal 2024, fiscal 2023, and fiscal 2022, Apple, through sales to multiple distributors, contract manufacturers, and direct sales for multiple applications including smartphones, tablets, desktop, and notebook computers, watches and other devices, in the aggregate accounted for 69%, 66%, and 58% of the Company’s net revenue, respectively. The Company’s three largest accounts receivable balances comprised 80% and 83% of aggregate gross accounts receivable as of September 27, 2024 and September 29, 2023, respectively.

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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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