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Segment, Customers, and Geographic Information

3 Months Ended

Sep. 25, 2021

Segment, Customers, and Geographic Information

13. 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 Internet of Things, or IoT, product market, the personal computing, or PC, product market, and the Mobile product market. We sell our products to OEMs and to contract manufacturers that provide manufacturing services to OEMs.

Net revenue within geographic areas based on our customers’ locations for the periods presented was as follows (in millions):


	Three Months Ended
	September
	2021		2020
China	$	135.1	$	131.2
Taiwan		119.6		71.8
Japan		91.6		103.1
Other		16.4		16.0
South Korea		8.2		5.0
United States		1.8		1.3
	$	372.7	$	328.4

Net revenue from our customers for each group of similar products was as follows (in millions):


	Three Months Ended
	September
	2021		2020
IoT product applications	$	205.7	$	120.7
PC product applications		88.6		80.5
Mobile product applications		78.4		127.2
	$	372.7	$	328.4

A reclassification has been made to the prior period revenue presentation in the above table in order to conform to the current period revenue presentation. The reclassification of $6.3 million moved virtual reality product revenue from Mobile product applications to IoT product applications.

Net revenue from major customers as a percentage of total net revenue for the periods presented was as follows:


	Three Months Ended
	September
	2021	2020
Customer A	12%	*
Customer B	11%	13%
Customer C	*	21%

____________________

* Less than 10%

We extend credit based on evaluation of a customer’s financial condition, and we generally do not require collateral. Major customer accounts receivable as a percentage of total accounts receivable were as follows:


	September	June
	2021	2021

Customer A	15%	12%
Customer B	13%	15%

- 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

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+ Details