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Property, plant and equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, plant and equipment

Note  13.   Property, plant and equipment

 

Property, plant and equipment, net consisted of the following.

 

  As at December 31,   As at December 31,
USD'000 2023   2022
Machinery & equipment 13,275   10,410
Office equipment and furniture 2,321   2,320
Computer equipment and licences 710   558
Total property, plant and equipment, gross 16,306   13,288
       
Accumulated depreciation for:      
Machinery & equipment (10,241)   (9,985)
Office equipment and furniture (2,279)   (2,028)
Computer equipment and licences (556)   (493)
Total accumulated depreciation (13,076)   (12,506)
Total property, plant and equipment, net 3,230   782
Depreciation charge for the year 569   404

 

 

 

In the years ended December 31, 2023 and 2022, SEALSQ Corp did not identify any events or changes in circumstances indicating that the carrying amount of any asset may not be recoverable. As a result, the Group did not record any impairment charge on property, plant and equipment in the years ended December 31, 2023 and 2022.

 

The useful economic life of property plant and equipment is as follows: 

·Office equipment and furniture: 2 to 5 years

·Production masks 5 years

·Production tools 3 years

·Licenses 3 years

·Software 1 year