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Business Segments, Customer Concentrations and Geographic Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Business Segments, Customer Concentrations and Geographic Information | Business Segments, Customer Concentrations and Geographic Information We operate as a single operating segment as managed by our Chief Executive Officer, who is considered our chief operating decision maker (“CODM”). The CODM bears the ultimate responsibility for, and is actively engaged in, the allocation of resources and the evaluation of our operating and financial results. We have concluded that we have a single operating segment based on the following: •We are managed under a functionally-based organizational structure with the head of each function reporting directly to the CODM; •We assess performance, including incentive compensation, based on consolidated operating performance and financial results; •Our CODM allocates resources and makes other operating decisions based on specific customer business opportunities and •We have an integrated process for the design, development and manufacturing services we provide to all of our customers. We also have centralized sales and administrative functions. Net sales by product group consist of the following:
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands)
Advanced Products | $ | 5,032,859 |  |  | $ | 5,367,589 |  |  | $ | 4,409,207 |
Mainstream Products | 1,470,206 |  |  | 1,723,996 |  |  | 1,729,122 |
Total net sales | $ | 6,503,065 |  |  | $ | 7,091,585 |  |  | $ | 6,138,329 |
(1)Advanced Products include flip chip, memory and wafer-level processing and related test services. (2)Mainstream Products include all other wirebond packaging and related test services. Net sales by end market consist of the following:
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Communications (smartphones, tablets) | 50 | % |  | 44 | % |  | 41 | %
Automotive, industrial and other (ADAS, electrification, infotainment, safety) | 21 | % |  | 20 | % |  | 21 | %
Computing (data center, infrastructure, PC/laptop, storage) | 16 | % |  | 16 | % |  | 16 | %
Consumer (AR & gaming, connected home, home electronics, wearables) | 13 | % |  | 20 | % |  | 22 | %
Total net sales | 100 | % |  | 100 | % |  | 100 | %
Net sales by region based on customer headquarters location consist of the following:
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands)
Europe, Middle East and Africa | $ | 1,043,880 |  |  | $ | 1,084,853 |  |  | $ | 1,061,369 |
Japan | 935,620 |  |  | 1,132,121 |  |  | 1,253,717 |
Asia Pacific (excluding Japan) | 704,520 |  |  | 1,017,246 |  |  | 999,591 |
Total foreign countries | 2,684,020 |  |  | 3,234,220 |  |  | 3,314,677 |
United States | 3,819,045 |  |  | 3,857,365 |  |  | 2,823,652 |
Total net sales | $ | 6,503,065 |  |  | $ | 7,091,585 |  |  | $ | 6,138,329 |
In 2023, 2022 and 2021 one customer accounted for 27.7%, 20.6% and 13.7% of total net sales, respectively. In 2022, a second customer accounted for 10.1% of total net sales. Property, plant and equipment, net, based on physical location, consist of the following:
| December 31,
| 2023 |  | 2022
| (In thousands)
China | $ | 385,544 |  |  | $ | 476,945 |
Japan | 143,399 |  |  | 121,842 |
Korea | 1,781,632 |  |  | 1,868,956 |
Malaysia | 51,164 |  |  | 41,978 |
Philippines | 183,430 |  |  | 195,805 |
Portugal | 108,982 |  |  | 82,454 |
Taiwan | 272,428 |  |  | 261,449 |
Vietnam | 365,059 |  |  | 79,630 |
Other foreign countries | 272 |  |  | 583 |
Total foreign countries | 3,291,910 |  |  | 3,129,642 |
United States | 7,535 |  |  | 5,972 |
Total property, plant and equipment, net | $ | 3,299,445 |  |  | $ | 3,135,614 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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