RELATED PARTY TRANSACTIONS
|3 Months Ended|
Sep. 30, 2023
|Related Party Transactions [Abstract]|
|RELATED PARTY TRANSACTIONS||RELATED PARTY TRANSACTIONS
During the three months ended September 30, 2023 and 2022, we purchased from, or sold to, several entities where one or more of our executive officers or members of our Board of Directors or their immediate family members were, during the periods presented, an executive officer or a board member of a subsidiary, including Advanced Micro Devices, Inc., Agilent Technologies, Inc., Ansys, Inc., Citrix Systems, Inc., HP Inc., Keysight Technologies, Inc. and Microchip Technology Incorporated. The following table provides the transactions with these parties for the indicated periods (for the portion of such period that they were considered related):
Our receivable balances from these parties were $2.1 million and $1.0 million as of September 30, 2023 and June 30, 2023, respectively. Our payable balances to these parties were $1.7 million as of September 30, 2023 and immaterial as of June 30, 2023. All of the related party transactions were made at current market rates.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef