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Restricted Cash
12 Months Ended
Dec. 31, 2022
Restricted Cash And Cash Equivalents [Abstract]  
Restricted Cash

5. Restricted cash

As of December 31, 2022 and 2021, the Company maintained two standby letters of credit of $10.5 million and $8.8 million, respectively, which are collateralized with a bank account at a financial institution in accordance with the applicable lease agreements. The Company’s letter of credit related to its lease for industrial space located in Fremont, California will reduce from $6.7 million to $0.6 million in July 2023, and as such, $6.1 million in restricted cash is included in current assets on the balance sheet as of December 31, 2022.