Segment, Geographic and Customer Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment, Geographic and Customer Information

Note 8. Segment, Geographic and Customer Information

The Company operates in one reportable segment related to the design, development, and sale of silicon timing systems solutions.

Revenue by geographic area is presented based upon the ship-to location of the original equipment manufacturers, the contract manufacturers, or the distributors who purchased the Company’s products. For sales to the distributors, their

geographic location may be different from the geographic locations of the ultimate end customers. The following table sets forth revenue by country for countries with 10% or more of the Company’s revenue during any of the periods presented:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Taiwan	$	10,614	$	23,072
Hong Kong	6,308		14,533
United States	7,490		7,194
Singapore	3,782		5,156
Other	10,149		20,298
Total	$	38,343	$	70,253

Revenue from sales to three of the Company's distributors accounted for 19%, 14%, and 12% of its consolidated revenues for the three months ended March 31, 2023, and 18%, 13%, and 10% of its consolidated revenues for the three months ended March 31, 2022.

Revenue from sales to the Company's historically largest end customer through multiple distributors accounted for 3% and 18% for the three months ended March 31, 2023 and March 31, 2022, respectively. The Company's end customers predominantly purchase the Company's products from distributors. No other distributors or customers accounted for 10% or more of the Company's consolidated revenues for the three months ended March 31, 2023 and 2022, respectively.

The following table sets forth the Company’s total property and equipment attributable to operations by country as of the periods presented:

	As of
	March 31, 2023		December 31, 2022
	(in thousands)
United States	$	23,936	$	24,211
Malaysia	17,005		18,524
Taiwan	5,722		5,570
Other	10,824		10,467
	$	57,487	$	58,772