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Segment, Customers, and Geographic Information

12 Months Ended

Jun. 26, 2021

Segment, Customers, and Geographic Information

12.	Segment, Customers, and Geographic Information

We operate in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. We generate our revenue from three broad product categories: the IoT product applications market, the personal computing, or PC, product applications market, and the mobile, product market.

Net revenue within geographic areas based on our customers’ locations for fiscal 2021, 2020, and 2019, consisted of the following (in millions):

	2021		2020		2019
China	$	524.0	$	540.6	$	844.8
Taiwan		382.6		204.5		239.8
Japan		330.7		446.5		234.6
Other		69.5		77.3		64.9
South Korea		28.5		58.3		63.5
United States		4.3		6.7		24.6
	$	1,339.6	$	1,333.9	$	1,472.2

Net revenue from external customers for each group of similar products for fiscal 2021, 2020, and 2019 consisted of the following (in millions):

	2021		2020		2019
IoT product applications	$	580.9	$	317.6	$	313.2
PC product applications		354.7		317.4		258.9
Mobile product applications		404.0		698.9		900.1
	$	1,339.6	$	1,333.9	$	1,472.2

Long-lived assets within geographic areas as of the end of fiscal 2021 and 2020 consisted of the following (in millions):

	2021		2020
United States	$	168.5	$	137.1
Asia/Pacific		191.9		223.5
Europe		602.3		177.9
	$	962.7	$	538.5

Our goodwill of $570.0 million has been allocated to two reporting units which include IoT and Mobile/PC.

Major customers’ revenue as a percentage of total net revenue for fiscal 2021, 2020, and 2019 were as follows:

	2021	2020	2019
Customer A	14%	18%	*
Customer B	13%	*	*
Customer C	10%	12%	*
Customer D	*	*	15%
Customer E	*	*	14%
Customer F	*	*	10%

*	Less than 10%

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details