Segment, Customers, and Geographic Information

12 Months Ended

Jun. 25, 2022

Segment Reporting [Abstract]

Segment, Customers, and Geographic Information

14. 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.

Net revenue within geographic areas based on our customers’ locations for fiscal 2022, 2021, and 2020, consisted of the following (in millions):

	2022		2021		2020
China	$	609.1	$	524.0	$	540.6
Taiwan		539.4		382.6		204.5
Japan		453.1		330.7		446.5
Other		83.9		69.5		77.3
South Korea		39.1		28.5		58.3
United States		15.1		4.3		6.7
	$	1,739.7	$	1,339.6	$	1,333.9

Net revenue from external customers for each group of similar products for fiscal 2022, 2021, and 2020 consisted of the following (in millions):

	2022		2021		2020
IoT product applications	$	1,100.9	$	612.9	$	329.8
PC product applications		343.0		354.7		317.4
Mobile product applications		295.8		372.0		686.7
	$	1,739.7	$	1,339.6	$	1,333.9

A reclassification has been made to the prior periods revenue presentation in the above table in order to conform to the current period revenue presentation. The reclassification of $32.0 million and $12.2 million during the fiscal years ended 2021 and 2020, respectively, moved virtual reality product revenue from Mobile product applications to IoT product applications.

Long-lived assets within geographic areas as of the end of fiscal 2022 and 2021 consisted of the following (in millions):

	2022		2021
United States	$	118.2	$	168.5
Asia/Pacific		624.7		191.9
Europe		516.6		602.3
	$	1,259.5	$	962.7

Our goodwill of $806.6 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 2022, 2021, and 2020 were as follows:

	2022	2021	2020
Customer A	*	14%	18%
Customer B	13%	13%	*
Customer C	12%	10%	12%

* Less than 10%