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CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)
12 Months Ended
Dec. 31, 2022
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows as of December 31, 2022 and 2021.

 

 

 

December 31

 

(in US$ thousands)

 

2022

 

 

2021

 

Cash and savings accounts

 

$

38,794

 

 

$

41,455

 

Time deposits

 

 

 

 

 

 

Cash and cash equivalents reported on the consolidated
   balance sheets

 

 

38,794

 

 

 

41,455

 

Cash restricted as performance bond

 

 

313

 

 

 

306

 

Total cash, cash equivalents and restricted cash reported
   on the consolidated statements of cash flows

 

$

39,107

 

 

$

41,761

 

We maintain cash and cash equivalents, as well as restricted cash, in bank accounts with major financial institutions with high credit ratings located in the following jurisdictions:

 

 

 

December 31

 

(in US$ thousands)

 

2022

 

 

2021

 

Taiwan

 

$

38,352

 

 

$

41,182

 

Hong Kong

 

 

739

 

 

 

564

 

China

 

 

16

 

 

 

15

 

 

 

$

39,107

 

 

$

41,761