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Segment, Product and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment, Product and Geographic Information  
Schedule of segment reporting

Year Ended December 31, 2022

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

Segment revenues

$

1,042,938

 

158,401

 

1,201,339

Segment operating income (loss)

$

275,275

 

(17,688)

 

257,587

Non operating income, net

 

  

 

18,978

Consolidated profit before income taxes

 

  

 

$

276,565

Significant noncash items:

 

  

 

Share-based compensation

$

1,655

 

1,441

 

3,096

Depreciation and amortization

$

8,261

 

13,081

 

21,342

Year Ended December 31, 2023

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

Segment revenues

$

804,840

140,588

945,428

Segment operating income (loss)

$

75,282

(32,070)

43,212

Non operating income, net

 

1,181

Consolidated profit before income taxes

$

44,393

Significant noncash items:

 

Share-based compensation

$

1,608

 

1,055

 

2,663

Depreciation and amortization

$

8,601

 

11,721

 

20,322

Year Ended December 31, 2024

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

Segment revenues

$

751,326

155,476

906,802

Segment operating income (loss)

$

92,699

(24,478)

68,221

Non operating income, net

 

9,114

Consolidated profit before income taxes

$

77,335

Significant noncash items:

Share-based compensation

$

697

 

550

 

1,247

Depreciation and amortization

$

11,115

 

11,239

 

22,354

Schedule of segment revenues in geographic region

The following tables summarize information pertaining to the segment revenues from customers in different geographic region (based on customer’s headquarter location):

For the year ended December 31, 2022

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

China

$

828,754

 

96,675

 

925,429

Taiwan

 

149,037

 

26,507

 

175,544

Korea

 

15,601

 

3,510

 

19,111

Japan

48,921

14,488

63,409

America

111

9,250

9,361

Others

 

514

 

7,971

 

8,485

$

1,042,938

 

158,401

 

1,201,339

For the year ended December 31, 2023

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

China

$

632,363

88,395

720,758

Taiwan

 

119,289

22,494

141,783

Korea

 

22,584

4,813

27,397

Japan

27,763

9,034

36,797

America

2,841

11,309

14,150

Mexico

627

627

Others

3,916

3,916

$

804,840

140,588

945,428

    For the year ended December 31, 2024

Non-driver

Consolidated

Driver IC

products

Total

(in thousands)

China

$

567,137

98,421

665,558

Taiwan

 

116,145

22,183

138,328

Korea

 

51,672

10,015

61,687

Japan

16,372

8,203

24,575

America

12,545

12,545

Mexico

2,807

2,807

Others

1,302

1,302

$

751,326

155,476

906,802

Schedule of segment revenues from major product lines

The following tables summarize information pertaining to the segment revenues from major product lines:

For the year ended December 31, 2022

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

Display drivers for large-sized applications

$

263,992

 

 

263,992

Display drivers for small and medium-sized applications

 

778,946

 

 

778,946

Non-driver products

 

 

158,401

 

158,401

$

1,042,938

 

158,401

 

1,201,339

For the year ended December 31, 2023

Non-driver 

Consolidated 

    

Driver IC

    

products

    

Total

(in thousands)

Display drivers for large-sized applications

$

175,666

 

 

175,666

Display drivers for small and medium-sized applications

 

629,174

 

 

629,174

Non-driver products

 

 

140,588

 

140,588

$

804,840

 

140,588

 

945,428

For the year ended December 31, 2024

Non-driver

Consolidated

    

Driver IC

    

products

    

Total

(in thousands)

Display drivers for large-sized applications

    

$

125,936

 

 

125,936

Display drivers for small and medium-sized applications

 

625,390

 

 

625,390

Non-driver products

 

 

155,476

 

155,476

$

751,326

 

155,476

 

906,802

Schedule of carrying values of company's tangible long-lived assets

The carrying values of the Company’s property, plant and equipment are located in the following countries:

December 31, 

 

December 31, 

    

2023

    

2024

(in thousands)

Taiwan

$

126,993

117,784

U.S.

 

1,396

1,433

China

 

1,442

1,688

Korea

 

239

286

Japan

 

39

89

$

130,109

121,280

Schedule of revenues from significant customers

Revenues from significant customers, those representing 10% or more of total revenue for the respective periods, are summarized as follows:

Year ended December 31,

    

2022

    

2023

    

2024

(in thousands)

Driver IC segment:

 

  

 

  

Customer A and its affiliates

$

347,794

234,581

207,725

Customer C

112,231

102,719

73,696

$

460,025

337,300

281,421

Non-driver products segment:

Customer A and its affiliates

$

40,400

36,770

31,276

Customer C

1,165

1,120

1,868

$

41,565

37,890

33,144

Schedule of accounts receivable from significant customers

Accounts receivable from significant customers, those representing 10% or more of total accounts receivable for the respective dates, is summarized as follows:

December 31, 

 

December 31, 

    

2023

    

2024

(in thousands)

Customer A and its affiliates

$

67,135

69,006

Customer C

24,303

20,521

$

91,438

89,527

Schedule of contract liabilities in relation to revenue from contracts with customers

The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:

    

December 31,

    

December 31,

2023

2024

 

(in thousands)

Contract liabilities-current

$

17,751

10,622