Business Segment and Geographic Region Information

12 Months Ended

Dec. 31, 2023

Business Segment and Geographic Region Information

Business Segment and Geographic Region Information

Note 17. Business Segment and Geographic Region Information

We operate in one business segment, which is the manufacture of capital equipment for the semiconductor chip manufacturing industry. The principal market for semiconductor capital equipment is semiconductor chip manufacturers. Substantially all sales are made directly by us to our customers located in the United States, Europe and Asia Pacific.

Our ion implantation systems product line includes high current, medium current and high energy implanters. Other legacy processing products include curing and thermal processing systems. In addition to new equipment, we provide post-sales equipment service and support, including spare parts, equipment upgrades, used equipment, maintenance services and customer training.

Revenue by product lines is as follows:

	Year ended December 31,
	2023		2022		2021
	(in thousands)
Ion implantation systems and services	$	1,111,278	$	898,132	$	645,504
Other systems and services		19,326		21,866		16,924
Total revenue	$	1,130,604	$	919,998	$	662,428

Revenue and long-lived assets by geographic region, based on the physical location of the operation recording the sale or the asset, are as follows:

			Long-Lived
	Revenue		Assets
	(in thousands)
2023
United States	$	749,288	$	86,482
Europe		45,583		382
Asia Pacific		335,733		4,040
	$	1,130,604	$	90,904
2022
United States	$	634,081	$	66,227
Europe		38,963		212
Asia Pacific		246,954		3,464
	$	919,998	$	69,903
2021
United States	$	519,408	$	63,590
Europe		36,622		191
Asia Pacific		106,398		3,194
	$	662,428	$	66,975

Long-lived assets consist of property, plant and equipment, net, and assets manufactured for internal use, net. Operations in Asia Pacific consist of manufacturing, sales and service organizations. Operations in Europe consist of sales and service organizations.

International revenue, which includes export sales from U.S. manufacturing facilities to foreign customers and sales by foreign subsidiaries and branches, was $950.4 million (84.1% of total revenue), $776.3 million (84.4% of total revenue) and $613.5 million (92.6% of total revenue) in 2023, 2022 and 2021, respectively.