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Segment Information
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segments and Major Customers
Operating segments are based upon the Company’s internal organization structure, the manner in which its operations are managed, the criteria used by its Chief Operating Decision Maker (“CODM”) to evaluate segment performance and availability of separate financial information regularly reviewed for resource allocation and performance assessment.
The Company has determined its CODM to be the Chief Executive Officer (“CEO”). The CEO reviews financial information presented on a consolidated basis for purposes of managing the business, allocating resources, making operating decisions and assessing financial performance. On this basis, the Company is organized and operates as a single segment within the semiconductor space. As of June 30, 2022, the Company has a single operating and reportable segment.
Accounts receivable from the Company’s major customers representing 10% or more of total accounts receivable at June 30, 2022 and December 31, 2021, respectively, was as follows:
As of
Customer June 30, 2022December 31, 2021
Customer 126 %*
Customer 220 %17 %
Customer 3 13 %19 %
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*    Customer accounted for less than 10% of total accounts receivable in the period.
Revenue from the Company’s major customers representing 10% or more of total revenue for the three and six months ended June 30, 2022 and 2021, respectively, was as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
Customer 2022202120222021
Customer A19 %16 %21 %19 %
Customer B17 %*13 %11 %
Customer C13 %*13 %*
Customer D*13 %**
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*    Customer accounted for less than 10% of total revenue in the period.
Revenue from customers in the geographic regions based on the location of contracting parties was as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
(In thousands)2022202120222021
USA$67,285 $45,541 $122,969 $91,692 
Singapore25,719 14,330 39,764 20,668 
Asia-Other9,732 8,710 27,524 12,284 
Taiwan10,499 9,018 15,459 17,861 
Japan3,891 3,826 7,426 8,414 
South Korea2,572 2,209 4,037 2,597 
Europe1,320 1,187 2,884 1,633 
Canada114 38 119 92 
Total$121,132 $84,859 $220,182 $155,241