Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table presents the Company’s cash and cash equivalents ($ in thousands):

	December 31,
	2024	2023
Cash	448,508	789,051
Cash equivalents (i)	1,159	1,100
	449,667	790,151
Denominated in:
US$	429,887	762,436
RMB (ii)	18,979	25,093
Hong Kong dollar (“HK$”)	114	1,974
Australian dollar (“A$”)	522	587
Taiwan dollar (“TW$”)	165	61
	449,667	790,151

(i)Cash equivalents represent short-term and highly liquid investments in a money market fund.

(ii)Certain cash and bank balances denominated in RMB were deposited with banks in mainland China. The conversion of these RMB-denominated balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the Chinese government.