REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Geographic Region

The following is a summary of revenue by geographic region based on the direct customers’ ship-to locations for the periods presented (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Country or Region	2026		2025		2026		2025
China	$	501,973	$	397,951	$	913,126	$	761,671
Taiwan	260,487		104,970		442,103		221,311
South Korea	87,887		63,501		169,693		127,865
Southeast Asia	48,960		34,867		89,709		67,573
Europe	34,832		26,497		70,631		51,489
U.S.	26,212		18,127		55,986		33,376
Japan	20,171		18,536		43,355		38,637
Other	120		125		224		206
Total	$	980,642	$	664,574	$	1,784,827	$	1,302,128

Schedules of Concentration of Risk

The following table summarizes the direct customers with sales equal to 10% or more of the Company’s total revenue for the periods presented:

	Three Months Ended June 30,				Six Months Ended June 30,
Customer	2026		2025		2026		2025
Distributor A	28	%	25	%	27	%	25	%
Distributor B	15	%	17	%	15	%	18	%
Distributor C	*		11	%	*		11	%
Distributor D	10	%	*		*		*

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*Represents less than 10%.

The following table summarizes the customers with accounts receivable equal to 10% or more of the Company’s total accounts receivable:

Customer	June 30, 2026		December 31, 2025
Distributor A	33	%	35	%
Value-added reseller A	20	%	*
Distributor B	15	%	14	%

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*Represents less than 10%.