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Segment, Customers, and Geographic Information | 12 Months Ended
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Jun. 24, 2023
Segment Reporting [Abstract] |
Segment, Customers, and Geographic Information | 15. 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 applications market. The chief executive officer was identified as the chief operating decision maker, or CODM, and is ultimately responsible for and actively involved in the allocation of resources and the assessment of our performance. The fact that we operate in only one reportable segment is based on the following: • Our organizational structure is based along functional lines. Each of the functional department heads reports directly to the CODM. • The assessments of our performance company-wide, including assessment of our incentive compensation plan, are based largely on our operational performance and consolidated financial performance. • The decisions on allocation of resources and other operational decisions are made by the CODM based on his direct involvement with our operations and product development. Net revenue within geographic areas based on our customers’ locations for fiscal 2023, 2022, and 2021, consisted of the following (in millions):
|  | 2023 |  |  | 2022 |  |  | 2021 |
China |  | $ | 485.0 |  |  | $ | 609.1 |  |  | $ | 524.0 |
Taiwan |  |  | 367.4 |  |  |  | 539.4 |  |  |  | 382.6 |
Japan |  |  | 337.7 |  |  |  | 453.1 |  |  |  | 330.7 |
Vietnam |  |  | 61.5 |  |  |  | 11.8 |  |  |  | 3.4 |
Other |  |  | 62.6 |  |  |  | 72.1 |  |  |  | 66.1 |
South Korea |  |  | 35.0 |  |  |  | 39.1 |  |  |  | 28.5 |
United States |  |  | 5.9 |  |  |  | 15.1 |  |  |  | 4.3 |
|  | $ | 1,355.1 |  |  | $ | 1,739.7 |  |  | $ | 1,339.6 |
Net revenue from external customers for each group of similar products for fiscal 2023, 2022, and 2021 consisted of the following (in millions):
|  | 2023 |  |  | 2022 |  |  | 2021 |
IoT product applications |  | $ | 946.3 |  |  | $ | 1,100.9 |  |  | $ | 612.9 |
PC product applications |  |  | 217.3 |  |  |  | 343.0 |  |  |  | 354.7 |
Mobile product applications |  |  | 191.5 |  |  |  | 295.8 |  |  |  | 372.0 |
|  | $ | 1,355.1 |  |  | $ | 1,739.7 |  |  | $ | 1,339.6 |
Long-lived assets within geographic areas as of the end of fiscal 2023 and 2022 consisted of the following (in millions):
|  | 2023 |  |  | 2022 |
United States |  | $ | 119.1 |  |  | $ | 118.1 |
Asia Pacific |  |  | 195.8 |  |  |  | 196.4 |
EMEA |  |  | 866.4 |  |  |  | 945.0 |
|  | $ | 1,181.3 |  |  | $ | 1,259.5 |
The fiscal 2022 long-lived assets reported in the above table includes a reclassification of approximately $428.0 million to conform to the current period presentation. The reclassification relates to goodwill and intangible assets previously reported within the Asia Pacific region that are now presented within the EMEA region. This reclassification had no impact on previously reported geographic long-lived assets. Our goodwill of $816.4 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 2023, 2022, and 2021 were as follows:
|  | 2023 |  | 2022 |  | 2021
Customer A |  | 10% |  | 12% |  | 10%
Customer B |  | * |  | 13% |  | 13%
Customer C |  | * |  | * |  | 14%
* Less than 10%

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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