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Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2024202320242023
Percentage of total net revenue
Customer A**12 %*
Customer B***11 %
Customer C15 %*10 %*
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*    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.
June 30, 2024December 31, 2023
Percentage of gross accounts receivable
Customer D24 %33 %
Customer E15 %24 %
Customer F18 %*
Significant Suppliers

Suppliers comprising greater than 10% or greater of total inventory purchases are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Vendor A17 %11 %12 %19 %
Vendor B37 %29 %40 %26 %
Vendor C10 %*11 %*
Vendor D*12 %*11 %
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*    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 June 30,Six Months Ended June 30,
2024202320242023
Amount% of total net revenueAmount% of total net revenueAmount% of total net revenueAmount% of total net revenue
Asia $72,430 79 %$128,328 70 %$128,262 68 %$320,831 74 %
Europe11,378 12 %44,956 24 %18,826 10 %85,172 20 %
United States7,157 9 %8,906 5 %37,631 20 %21,090 5 %
Rest of world1,025 1 %1,748 1 %2,540 1 %5,287 1 %
Total$91,990 100 %$183,938 100 %$187,259 100 %$432,380 100 %
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 June 30,Six Months Ended June 30,
2024202320242023
Percentage of total net revenue
Hong Kong34 %32 %31 %31 %
China*12 %*14 %
Germany*10 %**
Malaysia12 %***
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*    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):
June 30, 2024December 31, 2023
Amount% of totalAmount% of total
United States$329,466 70 %$337,696 69 %
Singapore109,759 23 %113,248 23 %
Rest of world31,454 7 %38,969 8 %
Total$470,679 100 %$489,913 100 %