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Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2024

Risks and Uncertainties [Abstract]

Summary of Concentration of Risk, by Risk Factor

Customers comprising 10% or greater of net revenues for each of the periods presented are as follows:

									Three Months Ended March 31,
															2024						2023
Percentage of total net revenue
Customer A															23		%				*
Customer B															13		%				15		%

____________________________

*    Represents less than 10% of the net revenue for the period presented.

The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.

			March 31, 2024						December 31, 2023
Percentage of gross accounts receivable
Customer C			32		%				33		%
Customer D			38		%				24		%

Significant Suppliers

Suppliers comprising greater than 10% or greater of total inventory purchases are as follows:

												Three Months Ended March 31,
																		2024						2023
Vendor A																		*						23		%
Vendor B																		45		%				25		%
Vendor C																		11		%				*
Vendor D																		*						11		%

____________________________

*    Represents less than 10% of total inventory purchases for the period presented.

Summary of Revenue from External Customers by Geographic Areas

The Company’s consolidated net revenues by geographic area based on ship-to location are as follows (in thousands):

									Three Months Ended March 31,
															2024												2023
																											Amount						% of total net revenue						Amount						% of total net revenue
Asia																											$	55,832					59		%				$	192,502					77		%
Europe																											7,448						8		%				40,216						16		%
United States																											30,474						32		%				12,184						5		%
Rest of world																											1,515						2		%				3,539						1		%
Total																											$	95,269					100		%				$	248,441					100		%

The products shipped to individual countries or territories representing greater than 10% of net revenue for each of the periods presented are as follows:

									Three Months Ended March 31,
															2024						2023
Percentage of total net revenue
Hong Kong															28		%				31		%
China															*						16		%

____________________________

*    Represents less than 10% of total net revenue for the respective period.

Summary of Long-lived Assets by Geographic Areas

Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill by geographic area are as follows (in thousands):

						March 31, 2024												December 31, 2023
						Amount						% of total						Amount						% of total
United States						$	331,552					69		%				$	337,696					69		%
Singapore						114,115						24		%				113,248						23		%
Rest of world						33,666						7		%				38,969						8		%
Total						$	479,333					100		%				$	489,913					100		%

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
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-Topic 280
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

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