Related Party Transactions

12 Months Ended

Jan. 01, 2022

As a result of the Company’s acquisition of IXYS, the Company has equity ownerships in various investments that are accounted for under the equity method. The following is a description of the investments and related party transactions.

Powersem GmbH: The Company owns 45% of the outstanding equity of Powersem GmbH (“Powersem”), a module manufacturer based in Germany.

EB-Tech Co., Ltd.: The Company owns approximately 19% of the outstanding equity of EB-Tech Co., Ltd. (“EB Tech”), a company with expertise in radiation technology based in South Korea.

Automated Technology (Phil), Inc.: The Company owns approximately 24% of the outstanding common shares of Automated Technology (Phil), Inc. (“ATEC”), a supplier located in the Philippines that provides assembly and test services. One member of the Company's Board of Directors serves on the Board of Directors of ATEC.


	Fiscal Year Ended
	January 1, 2022						December 26, 2020
(in millions)	Powersem		EB Tech		ATEC		Powersem		EB Tech		ATEC
Sales to related party	$	0.2	$	—	$	—	$	1.5	$	—	$	—
Purchase of material/services from related party	3.0		0.4		12.6		2.7		—		8.7
Accounts receivable balance	—		—		—		0.1		—		—
Accounts payable balance	$	—	$	—	$	1.8	$	0.1	$	—	$	0.2