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Enterprise-Wide Segment Information and Net Sales | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Enterprise-Wide Segment Information and Net Sales | NOTE 7 – Enterprise-Wide Segment Information and Net Sales Segment Reporting. For financial reporting purposes, we operate in a single segment, standard semiconductor products, through our various manufacturing and distribution facilities. One segment reflects how our chief operating decision maker, which is our chief executive officer, allocates resources and measures results. We aggregate our products because the products are similar and have similar economic characteristics, use similar production processes and share similar customer type. Our primary operations include operations in Asia, the Americas, and Europe. During the three months ended September 30, 2025, two customers accounted for approximately $51.9 million and $44.6 million, or 13.2% and 11.4%, respectively, of our net sales. During the nine months ended September 30, 2025, two customers accounted for approximately $134.7 million and $124.1 million, or 12.4% and 11.4%, respectively, or our net sales. As of September 30, 2025, one customer accounted for approximately $50.4 million, or 16.6%, of the Company’s outstanding accounts receivable. During the three months ended September 30, 2024, one customer accounted for approximately $44.3 million or 12.6% of our net sales. During the nine months ended September 30, 2024, one customer accounted for approximately $64.8 million or 16.0% of our net sales. As of September 30, 2024, one customer accounted for approximately 17.7% and one customer accounted for approximately 14.1% of our outstanding accounts receivable. All customers that accounted for 10% or more of our net sales during any period presented in this Quarterly Report on Form 10-Q are broad-based global distributors that sell to thousands of different end users. Disaggregation of Net Sales. We disaggregate net sales with customers into direct sales to end customers and distribution sales to distributors (“Distributors”) and by geographic area. Direct sales customers consist of those customers using our product in their manufacturing process, and Distributors are those customers who resell our products to third parties. We deliver our products to customers around the world for use in the industrial, automotive, computing, consumer, and communications markets. Further, most of our contracts are fixed-price arrangements, and are short term in nature, ranging from days to several months. The tables below set forth net sales based on the location of the subsidiary producing the net sale:
For the Three Months Ended September 30, 2025 |  | Asia |  |  | Americas |  |  | Europe |  |  | Consolidated |
Total sales |  | $ | 442,991 |  |  | $ | 298,683 |  |  | $ | 63,003 |  |  | $ | 804,677 |
Intercompany elimination |  |  | (202,191 | ) |  |  | (171,276 | ) |  |  | (39,040 | ) |  |  | (412,507 | )
Net sales |  | $ | 240,800 |  |  | $ | 127,407 |  |  | $ | 23,963 |  |  | $ | 392,170 |
For the Three Months Ended September 30, 2024 |  | Asia |  |  | Americas |  |  | Europe |  |  | Consolidated |
Total sales |  | $ | 380,013 |  |  | $ | 255,058 |  |  | $ | 68,771 |  |  | $ | 703,842 |
Intercompany elimination |  |  | (161,213 | ) |  |  | (155,017 | ) |  |  | (37,533 | ) |  |  | (353,763 | )
Net sales |  | $ | 218,800 |  |  | $ | 100,041 |  |  | $ | 31,238 |  |  | $ | 350,079 |
As of and for the |  |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended September 30, 2025 |  | Asia |  |  | Americas |  |  | Europe |  |  | Consolidated |
Total sales |  | $ | 1,192,521 |  |  |  | 837,343 |  |  | $ | 180,888 |  |  | $ | 2,210,752 |
Intercompany elimination |  |  | (539,676 | ) |  |  | (474,653 | ) |  |  | (105,928 | ) |  |  | (1,120,257 | )
Net sales |  | $ | 652,845 |  |  | $ | 362,690 |  |  | $ | 74,960 |  |  | $ | 1,090,495 |
Property, plant, and equipment, net |  | $ | 492,175 |  |  | $ | 68,893 |  |  | $ | 96,345 |  |  | $ | 657,413 |
Total assets |  | $ | 1,608,545 |  |  | $ | 599,627 |  |  | $ | 261,619 |  |  | $ | 2,469,791 |
As of and for the |  |  |  |  |  |  |  |  |  |  |  |
Nine Months Ended September 30, 2024 |  | Asia |  |  | Americas |  |  | Europe |  |  | Consolidated |
Total sales |  | $ | 1,051,118 |  |  | $ | 695,447 |  |  | $ | 204,868 |  |  | $ | 1,951,433 |
Intercompany elimination |  |  | (445,714 | ) |  |  | (431,204 | ) |  |  | (102,693 | ) |  |  | (979,611 | )
Net sales |  | $ | 605,404 |  |  | $ | 264,243 |  |  | $ | 102,175 |  |  | $ | 971,822 |
Property, plant, and equipment, net |  | $ | 515,347 |  |  | $ | 78,915 |  |  | $ | 109,463 |  |  | $ | 703,725 |
Total assets |  | $ | 1,678,927 |  |  | $ | 472,420 |  |  | $ | 238,035 |  |  | $ | 2,389,382 |
The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment destination and by type (direct sales or Distributor):
|  | For the Three Months Ended September 30,
Net Sales by Region |  | 2025 |  |  | 2024 |  |
Asia |  | $ | 307,902 |  |  | $ | 274,711 |  |
Europe |  |  | 46,208 |  |  |  | 52,588 |  |
Americas |  |  | 38,060 |  |  |  | 22,780 |  |
Total net sales |  | $ | 392,170 |  |  | $ | 350,079 |  |
Net Sales by Type |  |  |  |  |  |  |
Direct sales |  | $ | 132,074 |  |  | $ | 127,219 |  |
Distributor sales |  |  | 260,096 |  |  |  | 222,860 |  |
Total net sales |  | $ | 392,170 |  |  | $ | 350,079 |  |
|  | For the Nine Months Ended September 30, |  |
Net Sales by Region |  | 2025 |  |  | 2024 |  |
Asia |  | $ | 852,170 |  |  | $ | 748,774 |  |
Europe |  |  | 136,328 |  |  |  | 147,403 |  |
Americas |  |  | 101,997 |  |  |  | 75,645 |  |
Total net sales |  | $ | 1,090,495 |  |  | $ | 971,822 |  |
Net Sales by Type |  |  |  |  |  |  |
Direct sales |  | $ | 383,903 |  |  | $ | 362,223 |  |
Distributor sales |  |  | 706,592 |  |  |  | 609,599 |  |
Total net sales |  | $ | 1,090,495 |  |  | $ | 971,822 |  |
The table below sets forth the location to where products were shipped, representing 10% or more of net sales.
|  | Location |  | Amount |
For the three months ended September 30, |  |  |  | 2025 |  |  | 2024 |
|  | China |  | $ | 170.6 |  |  | $ | 149.2 |
|  | Singapore |  | $ | 38.2 |  |  | $ | 36.2 |
|  | Taiwan |  | $ | 44.0 |  |  | $ | 41.2 |
For the nine months ended September 30, |  |  |  |  |  |  |  |
|  | China |  | $ | 488.4 |  |  | $ | 430.2 |
|  | Singapore |  | $ | 112.8 |  |  | $ | 94.7 |
|  | Taiwan |  | $ | 95.5 |  |  | $ | 107.3 |

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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 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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