Note 16 - Segment and Geographic Information

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

16.  SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates in one reportable segment that includes the design, development, marketing and sale of high-performance, semiconductor-based power electronics solutions for the storage and computing, enterprise data, automotive, industrial, communications and consumer end markets. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for the purposes of allocating resources and evaluating financial performance. Specifically, the CODM uses net income that is reported on the Consolidated Statements of Operations and cash provided by operating activities reported in the Consolidated Statements of Cash Flows to decide whether and how much to reinvest profits into core business operations or to return to stockholders in the form of stock repurchases and dividends.

All significant segment expenses have been captured on the face of the Consolidated Statements of Operations.

The Company derives a majority of its revenue from sales to customers located outside North America, with geographic revenue based on the customers’ ship-to locations. The following is a summary of revenue by geographic region (in thousands):

	Year Ended December 31,
Country or Region	2024		2023		2022
China	$	1,178,341	$	934,768	$	938,946
Taiwan		577,956		307,499		233,040
South Korea		167,899		169,867		189,478
Europe		86,899		132,620		145,584
Southeast Asia		78,765		85,150		95,739
Japan		61,695		93,340		91,048
U.S.		55,235		97,294		99,804
Other		310		534		509
Total	$	2,207,100	$	1,821,072	$	1,794,148

The following is a summary of long-lived assets by geographic region (in thousands): 

	December 31,
Country	2024		2023
China	$	237,649	$	184,685
U.S.		171,514		119,430
Taiwan		42,388		39,419
Other		43,394		25,418
Total	$	494,945	$	368,952