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Inventories

12 Months Ended

Dec. 31, 2011

Note 6.

Inventories

As of December 31, 2010 and 2011, inventories consisted of the following:

	December 31,
	2010		2011
	(in thousands)

Finished goods	$	38,709		30,703
Work in process		66,271		57,737
Raw materials		12,987		24,505
Supplies		21		40
	$	117,988		112,985

Inventory write-downs were $13,622 thousand, $10,557 thousand and $9,138 thousand for the years ended December 31, 2009, 2010 and 2011, respectively, and are included in cost of revenues.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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