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Business Segments, Product Groups and End Markets
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segments, Product Groups and End Markets Business Segments, Product Groups and End Markets
The following table presents revenue, profit or loss and significant segment expenses for our single operating segment:
For the Three Months Ended March 31,
20252024
(In thousands)
Net sales$1,321,575 $1,365,511 
Less:
Materials cost of sales692,748 708,666 
Labor cost of sales159,164 153,349 
Depreciation cost of sales139,869 129,088 
Other cost of sales172,211 172,765 
Selling, general and administrative80,408 90,346 
Research and development45,652 38,171 
Interest expense16,809 16,439 
Income tax expense3,936 12,196 
Other segment items (1)
(11,075)(15,295)
Segment net income$21,853 $59,786 
(1) Other segment items include interest income, foreign currency (gain) loss, net and other (income) expense.
The following table represents other balances included in net income or that are regularly provided to the Chief Operating Decision Maker (CODM):
For the Three Months Ended March 31,
20252024
(In thousands)
Interest income$14,453 $16,796 
Depreciation and amortization expense153,821 144,925 
Total assets6,921,241 6,685,066 
Capital expenditures79,897 96,169 
The following table presents our net sales by product group:
For the Three Months Ended March 31,
20252024
(In thousands)
Advanced products (1)$1,063,617 $1,069,709 
Mainstream products (2)257,958 295,802 
Total net sales$1,321,575 $1,365,511 
(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 Three Months Ended March 31,
20252024
Communications (smartphones, tablets)40 %47 %
Computing (data center, infrastructure, PC/laptop, storage)22 %17 %
Automotive, industrial and other (ADAS, electrification, infotainment, safety)21 %22 %
Consumer (AR & gaming, connected home, home electronics, wearables)17 %14 %
Total net sales100 %100 %