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Business Segment, Geographic Area, Product Information and Significant Customer Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Net Revenues, Assets and Goodwill by Reportable Segment | The following table sets forth net revenues by reportable segment:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
VSD |  | $ | 1,404 |  |  | $ | 1,966 |  |  | $ | 1,862 |
PSD |  |  | 1,012 |  |  |  | 1,064 |  |  |  | 1,088 |
MSD |  |  | 1,206 |  |  |  | 517 |  |  |  | — |
|  | $ | 3,622 |  |  | $ | 3,547 |  |  | $ | 2,950 |
The following table sets forth segment assets by reportable segment:
|  | Accounts receivable, net |  |  | Inventory |  |  | Total |
December 31, 2023 |  |  |  |  |  |  |  |  |
VSD |  | $ | 178 |  |  | $ | 542 |  |  | $ | 720 |
PSD |  |  | 174 |  |  |  | 294 |  |  |  | 468 |
MSD |  |  | 251 |  |  |  | 155 |  |  |  | 406 |
Total segment assets |  | $ | 603 |  |  | $ | 991 |  |  | $ | 1,594 |
|  | Accounts receivable, net |  |  | Inventory |  |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |
VSD |  | $ | 270 |  |  | $ | 491 |  |  | $ | 761 |
PSD |  |  | 194 |  |  |  | 296 |  |  |  | 490 |
MSD |  |  | 256 |  |  |  | 190 |  |  |  | 446 |
Total segment assets |  | $ | 720 |  |  | $ | 977 |  |  | $ | 1,697 |
Goodwill associated with each of the Company’s reportable segments is as follows:
|  | VSD |  |  | PSD |  |  | MSD |  |  | Total |
Reportable segment: |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill, at December 31, 2022 |  | $ | 336 |  |  | $ | 1,031 |  |  | $ | 3,087 |  |  | $ | 4,454 |
Foreign currency translation and measurement period adjustments |  |  | (1 | ) |  |  | — |  |  |  | (66 | ) |  |  | (67 | )
Gross goodwill, at December 31, 2023 |  |  | 335 |  |  |  | 1,031 |  |  |  | 3,021 |  |  |  | 4,387 |
Accumulated goodwill impairment, at December 31, 2022 |  |  | (141 | ) |  |  | (5 | ) |  |  | — |  |  |  | (146 | )
Impairment charge |  |  | — |  |  |  | (385 | ) |  |  | (1,302 | ) |  |  | (1,687 | )
Accumulated goodwill impairment, at December 31, 2023 |  |  | (141 | ) |  |  | (390 | ) |  |  | (1,302 | ) |  |  | (1,833 | )
Goodwill, net of accumulated impairment, foreign currency translation and measurement period adjustments, at December 31, 2023 |  | $ | 194 |  |  | $ | 641 |  |  | $ | 1,719 |  |  | $ | 2,554 |
Reconciliation of Segment Gross Profit to Consolidated Net Income | The following table sets forth a reconciliation of segment gross profit to consolidated net income:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Gross profit by reportable segment: |  |  |  |  |  |  |  |  |
VSD |  | $ | 580 |  |  | $ | 856 |  |  | $ | 868 |
PSD |  |  | 442 |  |  |  | 499 |  |  |  | 512 |
MSD |  |  | 620 |  |  |  | 192 |  |  |  | — |
Total gross profit by reportable segment |  |  | 1,642 |  |  |  | 1,547 |  |  |  | 1,380 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development |  |  | 288 |  |  |  | 241 |  |  |  | 200 |
Selling, general and administrative |  |  | 675 |  |  |  | 488 |  |  |  | 385 |
Acquisition and integration costs |  |  | 16 |  |  |  | 52 |  |  |  | 30 |
Restructuring |  |  | 20 |  |  |  | 10 |  |  |  | 11 |
Fees and expenses related to repricing of Term Loan Facility |  |  | 2 |  |  |  | — |  |  |  | — |
Amortization of intangible assets |  |  | 295 |  |  |  | 146 |  |  |  | 55 |
Goodwill and intangible asset impairment |  |  | 1,902 |  |  |  | — |  |  |  | — |
Gain on sale of long-lived assets |  |  | (2 | ) |  |  | (7 | ) |  |  | — |
(Loss) income from operations |  |  | (1,554 | ) |  |  | 617 |  |  |  | 699 |
Interest income |  |  | (17 | ) |  |  | (4 | ) |  |  | — |
Interest expense |  |  | 356 |  |  |  | 177 |  |  |  | 25 |
Loss on extinguishment of debt |  |  | 8 |  |  |  | — |  |  |  | — |
Other expense, net |  |  | 27 |  |  |  | 11 |  |  |  | 9 |
(Loss) income before income taxes |  |  | (1,928 | ) |  |  | 433 |  |  |  | 665 |
(Benefit) provision for income taxes |  |  | (87 | ) |  |  | 100 |  |  |  | 114 |
Net (loss) income |  | $ | (1,841 | ) |  | $ | 333 |  |  | $ | 551 |
Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment | The following table set forth capital expenditures by reportable segment:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
VSD |  | $ | 25 |  |  | $ | 96 |  |  | $ | 37 |
PSD |  |  | 30 |  |  |  | 40 |  |  |  | 50 |
MSD |  |  | 32 |  |  |  | 28 |  |  |  | — |
Total capital expenditures |  | $ | 87 |  |  | $ | 164 |  |  | $ | 87 |
The following table sets forth depreciation and amortization by reportable segment:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
VSD |  | $ | 29 |  |  | $ | 24 |  |  | $ | 23 |
PSD |  |  | 74 |  |  |  | 88 |  |  |  | 81 |
MSD |  |  | 294 |  |  |  | 104 |  |  |  | — |
Total depreciation and amortization |  | $ | 397 |  |  | $ | 216 |  |  | $ | 104 |
Reconciliation of Segment Assets to Consolidated Total Assets | The following is a reconciliation of segment assets to consolidated total assets:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Total segment assets |  | $ | 1,594 |  |  | $ | 1,697 |
Cash and cash equivalents and short-term investments |  |  | 875 |  |  |  | 910 |
Other current assets |  |  | 227 |  |  |  | 187 |
Property, plant and equipment, net |  |  | 784 |  |  |  | 800 |
Right-of-use assets |  |  | 225 |  |  |  | 234 |
Goodwill and intangible assets, net |  |  | 5,173 |  |  |  | 7,481 |
Other assets and long-term assets |  |  | 240 |  |  |  | 186 |
Consolidated total assets |  | $ | 9,118 |  |  | $ | 11,495 |
Schedule of Net Revenues and Long-Lived Assets by Geographic Regions | Intercompany sales between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues.
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net revenues: |  |  |  |  |  |  |  |  |
United States |  | $ | 1,227 |  |  | $ | 1,450 |  |  | $ | 1,259 |
China |  |  | 680 |  |  |  | 506 |  |  |  | 355 |
South Korea |  |  | 343 |  |  |  | 361 |  |  |  | 386 |
Japan |  |  | 254 |  |  |  | 220 |  |  |  | 197 |
Germany |  |  | 236 |  |  |  | 243 |  |  |  | 144 |
Other |  |  | 882 |  |  |  | 767 |  |  |  | 609 |
|  | $ | 3,622 |  |  | $ | 3,547 |  |  | $ | 2,950 |
Long-lived assets include property, plant and equipment, net, right-of-use assets, and certain other assets, and exclude goodwill, intangible assets and long-term tax-related accounts.
|  | December 31, |
|  | 2023 |  |  | 2022 |
Long-lived assets: |  |  |  |  |  |
United States |  | $ | 459 |  |  | $ | 508 |
Germany |  |  | 149 |  |  |  | 160 |
China |  |  | 163 |  |  |  | 175 |
Other |  |  | 326 |  |  |  | 343 |
|  | $ | 1,097 |  |  | $ | 1,186 |

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