Segment and Geographical Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Significant Expense Categories and Amounts Regularly Provided to the CODM

The following table includes the significant expense categories and amounts that are regularly provided to the CODM (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Revenue	$	191,925	$	76,850	$	351,367	$	142,108
Less:
Cost of revenue	46,362		16,996		86,393		31,734
Stock-based compensation (1)	35,121		42,983		77,605		140,223
Personnel-related expenses (1)	43,843		25,958		86,282		50,272
Other segment items (2)	15,380		(1,541)		18,049		20,420
Consolidated net income (loss)	$	51,219	$	(7,546)	$	83,038	$	(100,541)

(1) Stock-based compensation and personnel-related expenses presented in the above table are related to operating expenses and exclude amounts included in the cost of revenue.

(2) Other segment items included are primarily related to interest income, income tax (benefit) provision, software licenses and cloud hosting services, and professional and consulting services fees.

Schedule of Revenue from External Customers by Geographic Areas

The following table sets forth revenue by geographic area (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Taiwan	$	56,644	$	63,955	$	133,462	$	123,528
China	59,056		5,548		103,694		6,699
Singapore	66,447		-		97,868		-
United States	2,218		4,499		5,519		5,356
Other	7,560		2,848		10,824		6,525
Total	$	191,925	$	76,850	$	351,367	$	142,108

Schedules of Concentration of Risk, by Risk Factor

The Company had the following customers that individually comprised 10% or more of its revenue:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Customer A	24	%	*		23	%	*
Customer B	27	%	*		20	%	*
Customer C	13	%	24	%	19	%	30	%
Customer D	12	%	41	%	15	%	44	%
Customer E	11	%	*		*		*
Customer F	*		18	%	*		13	%

*Less than 10% of total revenue

The Company had the following customers that individually comprised 10% or more of its accounts receivable, net:

	As of
	June 30, 2025		December 31, 2024
Customer A	16	%	22	%
Customer C	*		13	%
Customer D	*		24	%
Customer E	29	%	31	%
Customer G	28	%	*

*Less than 10% of total accounts receivable, net