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Geographic and Other Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Product Categories
Revenues for the three months ended March 31, 2024 from its previous product categories have been reclassified in order to conform to the current period presentation as follows (in thousands):
 
       Power
Analog
Solutions
     Power IC      Discontinued
Operations
     Total  
Mixed-Signal Solutions
   $ 9,006      $ —     $ 3,377      $ 5,629      $ 9,006  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Power Analog Solutions
     36,535        36,535        —         —         36,535  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
   $ 45,541      $ 36,535      $ 3,377      $ 5,629      $ 45,541  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Schedule of Operating Segments
The following sets forth information relating to the operating segment, Power solutions business, as well as the transitional Fab 3 foundry services (in thousands). For financial information below gross profit, including operating income and expenses as well as other income and expenses, please refer to the Company’s consolidated statement of operations.
 
    
Three Months Ended
 
    
March 31,

2025
    
March 31,

2024
 
Revenues
     
Power solutions business
     
Power Analog Solutions
   $ 39,857      $ 36,535  
Power IC
     4,865        3,377  
  
 
 
    
 
 
 
Total Power solutions business
   $ 44,722      $ 39,912  
Transitional Fab 3 foundry services
     —         3,526  
  
 
 
    
 
 
 
Total revenues
   $ 44,722      $ 43,438  
  
 
 
    
 
 
 
 
    
Three Months Ended
 
    
March 31,

2025
    
March 31,

2024
 
Cost of Sales
     
Power solutions business
     
Power Analog Solutions
   $ 32,757      $ 30,901  
Power IC
     2,603        1,967  
  
 
 
    
 
 
 
Total Power solutions business
   $ 35,360      $ 32,868  
Transitional Fab 3 foundry services
     —         4,211  
  
 
 
    
 
 
 
Total cost of sales
   $ 35,360      $ 37,079  
  
 
 
    
 
 
 
 
    
Three Months Ended
 
    
March 31,

2025
    
March 31,

2024
 
Gross Profit
     
Power solutions business
     
Power Analog Solutions
   $ 7,100      $ 5,634  
Power IC
     2,262        1,410  
  
 
 
    
 
 
 
Total Power solutions business
   $ 9,362      $ 7,044  
Transitional Fab 3 foundry services
     —         (685
  
 
 
    
 
 
 
Total gross profit
   $ 9,362      $ 6,359  
  
 
 
    
 
 
 
Net Sales by Region, Based on Location of Products are Billed
The following is a summary of net sales – Power solutions business by geographic region, based on the location to which the products are billed (in thousands):
 
    
Three Months Ended
 
    
March 31,

2025
    
March 31,

2024
 
Korea
   $ 21,716      $ 17,091  
Asia Pacific (other than Korea)
     20,992        21,089  
United States
     1,182        338  
Europe
     832        1,394  
  
 
 
    
 
 
 
Total
   $ 44,722      $ 39,912