Segment Information and Operations by Geographic Area (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.

	Year Ended December 31,
	2024		2023		2022
	(in thousands)
Revenue	$	202,697	$	143,993	$	283,605
Less:
Product costs	61,626		42,612		76,633
Depreciation	8,474		6,718		5,634
Amortization	12,103		681		347
Other manufacturing overheads	16,000		11,894		18,029
Gross profit	104,494		82,088		182,962
Less:
Acquisition related costs	10,722		7,728		—
Interest income	(22,883)		(26,958)		(7,291)
Other segment items (a)	210,256		181,853		166,999
Net income	$	(93,601)	$	(80,535)	$	23,254

(a)Other segment items include research and development expenses and selling, general and administrative expenses, primarily in the nature of nonmanufacturing employee expenses including salaries and stock-based compensation, consulting expenses, travel expenses, certain overhead expenses, and taxes.

Schedule of Revenue by Country

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:

	Year Ended December 31,
	2024		2023		2022
	(in thousands)
Taiwan	$	64,836	$	43,954	$	101,849
Hong Kong	64,441		31,987		59,209
United States	15,853		19,976		33,470
Singapore	16,643		16,466		22,439
Other	40,924		31,610		66,638
Total	$	202,697	$	143,993	$	283,605

Schedule of Property and Equipment Attributable to Operations

The following table sets forth the Company’s total property and equipment attributable to operations by country for countries with 10% or more of the Company’s net property and equipment as of the periods presented:

	As of
	December 31, 2024		December 31, 2023
	(in thousands)
United States	$	32,200	$	22,540
Taiwan	24,294		6,520
Malaysia	16,231		14,471
Other	9,750		11,154
Total	$	82,475	$	54,685