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Cash, Cash Equivalents and Short-term Investments
12 Months Ended
Dec. 31, 2025
Cash, Cash Equivalents and Short-term Investments  
Cash, Cash Equivalents and Short-term Investments

3. Cash, Cash Equivalents and Short-term Investments

Cash, cash equivalents and short-term investments consist of the following:

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

(In US$ thousands)

Cash and cash equivalents:

$

1,890,632

$

2,298,941

Short-term investments:

Bank time deposits

 

389,905

29,222

Wealth management products

69,947

76,917

Subtotal

459,852

106,139

Total cash, cash equivalents and short-term investments

$

2,350,484

$

2,405,080

The carrying amounts of cash, cash equivalents and short-term investments approximate the fair value.