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Geographic and Other Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Product Categories
Revenues for the three months ended September 30, 2024 from its previous product categories have been reclassified in order to conform to the current period presentation as follows (in thousands):
 
       Power
Analog
Solutions
     Power IC      Discontinued
Operations
     Total  
Mixed-Signal Solutions
   $ 16,446      $ —     $ 5,420      $ 11,026      $ 16,446  
Power Analog Solutions
     47,574        47,574        —         —         47,574  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
   $ 64,020      $ 47,574      $ 5,420      $ 11,026      $ 64,020  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Revenues for the nine months ended September 30, 2024 from its previous product categories have been reclassified in order to conform to the current period presentation as follows (in thousands):
 
       Power
Analog
Solutions
     Power IC      Discontinued
Operations
     Total  
Mixed-Signal Solutions
   $ 37,047      $ —     $ 13,621      $ 23,426      $ 37,047  
Power Analog Solutions
     123,349        123,349        —         —         123,349  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
   $ 160,396      $ 123,349      $ 13,621      $ 23,426      $ 160,396  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Schedule of Operating Segments
The following sets forth information relating to the operating segment, Power solutions business, as well as the transitional Fab 3 foundry services (in thousands). For financial information below gross profit, including operating income and expenses as well as other income and expenses, please refer to the Company’s consolidated statements of operations.
 
    
Three Months Ended
    
Nine Months Ended
 
    
September 30,
2025
    
September 30,
2024
    
September 30,
2025
    
September 30,
2024
 
Revenues
           
Power solutions business
           
Power Analog Solutions
   $ 41,548      $ 47,574      $ 123,666      $ 123,349  
Power IC
     4,398        5,420        14,624        13,621  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total Power solutions business
     45,946        52,994        138,290        136,970  
Transitional Fab 3 foundry services
     —         2,440        —         8,302  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total revenues
   $ 45,946      $ 55,434      $ 138,290      $ 145,272  
  
 
 
    
 
 
    
 
 
    
 
 
 
 
    
Three Months Ended
    
Nine Months Ended
 
    
September 30,
2025
    
September 30,
2024
    
September 30,
2025
    
September 30,
2024
 
Cost of Sales
           
Power solutions business
           
Power Analog Solutions
   $ 34,906      $ 38,325      $ 102,215      $ 100,751  
Power IC
     2,499        3,004        8,460        7,603  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total Power solutions business
     37,405        41,329        110,675        108,354  
Transitional Fab 3 foundry services
     —         2,599        —         9,267  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total cost of sales
   $ 37,405      $ 43,928      $ 110,675      $ 117,621  
  
 
 
    
 
 
    
 
 
    
 
 
 
 
    
Three Months Ended
    
Nine Months Ended
 
    
September 30,
2025
    
September 30,
2024
    
September 30,
2025
    
September 30,
2024
 
Gross Profit
           
Power solutions business
           
Power Analog Solutions
   $ 6,642      $ 9,249      $ 21,451      $ 22,598  
Power IC
     1,899        2,416        6,164        6,018  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total Power solutions business
     8,541        11,665        27,615        28,616  
Transitional Fab 3 foundry services
     —         (159      —         (965
  
 
 
    
 
 
    
 
 
    
 
 
 
Total gross profit
   $ 8,541      $ 11,506      $ 27,615      $ 27,651  
  
 
 
    
 
 
    
 
 
    
 
 
 
Net Sales by Region, Based on Location of Products are Billed
The following is a summary of net sales – Power solutions business by geographic region, based on the location to which the products are billed (in thousands):
 
    
Three Months Ended
    
Nine Months Ended
 
    
September 30,
2025
    
September 30,
2024
    
September 30,
2025
    
September 30,
2024
 
Korea
   $ 23,269      $ 22,893      $ 67,706      $ 59,867  
Asia Pacific (other than Korea)
     20,308        28,189        63,745        71,879  
United States
     1,137        667        3,789        1,313  
Europe
     1,232        1,245        3,050        3,911  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 45,946      $ 52,994      $ 138,290      $ 136,970