Note 4 - Balance Sheet Components

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

4. BALANCE SHEET COMPONENTS

Inventories

Inventories consist of the following (in thousands):

	March 31,		December 31,
	2025		2024
Raw materials	$	85,658	$	91,851
Work in process		206,607		169,982
Finished goods		162,528		157,778
Total	$	454,793	$	419,611

Other Current Assets

Other current assets consist of the following (in thousands):

	March 31,		December 31,
	2025		2024
Prepaid wafer expenses (1)	$	60,000	$	-
Prepaid expenses		24,038		36,083
Other receivables (1)		-		60,000
Others		8,025		13,895
Total	$	92,063	$	109,978

(1) Prepaid wafer expenses and other receivables relate to a deposit made to a supplier under a long-term wafer supply agreement. See Note 8 for details about the supply agreement.

Other Long-Term Assets

Other long-term assets consist of the following (in thousands):

	March 31,		December 31,
	2025		2024
Deferred compensation plan assets	$	91,811	$	92,586
Operating lease right-of-use (“ROU”) and related assets (1)		35,856		34,198
Prepaid wafer purchases (2)		-		60,000
Others		8,307		7,593
Total	$	135,974	$	194,377

(1) The operating lease ROU and related assets include a fair value measurement related to favorable market terms on a facility lease.

(2) Prepaid wafer purchases relate to a deposit made to a supplier under a long-term wafer supply agreement. See Note 8 for details about the supply agreement.  

Other Accrued Liabilities

Other accrued liabilities consist of the following (in thousands):

 

	March 31,		December 31,
	2025		2024
Dividends and dividend equivalents	$	78,692	$	60,622
Income tax payable		27,771		10,534
Stock rotation and sales returns		21,700		20,799
Others		33,143		36,168
Total	$	161,306	$	128,123

Other Long-Term Liabilities

Other long-term liabilities consist of the following (in thousands):

	March 31,		December 31,
	2025		2024
Deferred compensation plan liabilities	$	88,598	$	93,653
Operating lease liabilities		14,473		12,974
Dividend equivalents		2,743		4,943
Total	$	105,814	$	111,570