Segment and Geographic Information

6 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company is organized as, and operates in, one operating segment: the design, development and supply of power semiconductor products for computing, consumer electronics, communication and industrial applications. The chief operating decision-maker is the Chief Executive Officer. The financial information presented to the Company’s Chief Executive Officer is on a consolidated basis, accompanied by information about revenue by customer and geographic region, for purposes of evaluating financial performance and allocating resources. The Company has one business segment, and there are no segment managers who are held accountable for operations, operating results and plans for products or components below the consolidated unit level. Accordingly, the Company reports as a single operating segment.

The Company sells its products primarily to distributors in the Asia Pacific region, who in turn sell these products to end customers. Because the Company’s distributors sell their products to end customers which may have a global presence, revenue by geographical location is not necessarily representative of the geographical distribution of sales to end user markets.

The revenue by geographical location in the following tables is based on the country or region in which the products were shipped to:

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Hong Kong	$	159,189	$	132,204	$	307,844	$	257,712
China	27,235		22,877		60,075		46,140
South Korea	3,263		2,422		6,117		3,596
United States	3,165		1,139		5,470		2,595
Other countries	467		188		848		338
	$	193,319	$	158,830	$	380,354	$	310,381

During the three months ended December 31, 2021, the Company corrected an immaterial error to reduce revenues in Hong Kong by $2.3 million, and to increase the revenues in South Korea by $2.3 million for the three months ended December 31, 2020. During the six months ended December 31, 2021, the Company corrected an immaterial error to reduce revenues in Hong Kong by $3.4 million, as well as to increase the revenues in China and South Korea by $0.1 million and $3.3 million, respectively, for the six months ended December 31, 2020.

The following is a summary of revenue by product type:

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Power discrete	$	134,975	$	118,500	$	265,663	$	232,872
Power IC	55,093		37,381		107,423		71,839
Packaging and testing services	3,251		2,949		7,268		5,670
	$	193,319	$	158,830	$	380,354	$	310,381

Long-lived assets, net consisting of property, plant and equipment and land use rights, net, as well as operating lease right-of-use assets, net by geographical area are as follows:

	December 31, 2021		June 30, 2021
	(in thousands)
China	$	84,602	$	350,387
United States	130,352		118,756
Other countries	4,052		2,494
	$	219,006	$	471,637