Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following presents the final allocation of the purchase consideration to the

assets acquired and liabilities assumed for City Semi and preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed for TeraXion and OnDesign on December 31, 2021:

	City Semi		TeraXion		OnDesign Israel
Purchase price - cash consideration	$	138	$	74,050	$	6,107
Add: debt paid at closing	—		6,857		—
Less: cash acquired	—		(5,625)		(1,133)
Net cash paid	138		75,282		4,974
Total equity consideration	711		82,441		—
Purchase price - accrued cash consideration	—		—		7,500
Contingent consideration	1,180		—		4,000
Net consideration	$	2,029	$	157,723	$	16,474
Fair value of net assets and liabilities assumed:
Current assets other than cash	—		7,627		119
Property and equipment	—		6,009		1,315
Intangible assets - Software license	139		—		—
Developed technology	369		43,594		5,077
In-progress research & development	—		10,304		1,562
Customer relationships	—		12,682		—
Backlog	—		2,378		—
Trade name	—		6,125		—
Other non-current assets	—		—		66
Current liabilities	(177)		(5,840)		(754)
Deferred revenue	(41)		(1,025)		—
Deferred tax liabilities, non-current	—		(20,272)		(1,578)
Other non-current liabilities	—		—		—
Long-term debt	—		(7,580)		—
Total fair value of net assets acquired	290		54,002		5,807
Goodwill	$	1,739	$	103,721	$	10,667

Pro Forma Financial Information

The unaudited pro forma financial information shown below summarizes the combined results of operations for the Company and City Semi as if the closing of the acquisition had occurred on January 1, 2020.

	Year ended
	December 31, 2020
Combined revenue	$	23,388
Combined net loss before income taxes	(96,121)

The unaudited pro forma financial information shown below summarizes the combined results of operations for the Company and TeraXion as if the closing of the acquisition had occurred on January 1, 2021:

	Year ended
	December 31, 2021		December 31, 2020
Combined revenue	$	66,788	$	43,783
Combined net loss before income taxes	(126,350)		(104,768)