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SIGNIFICANT CUSTOMERS AND GEOGRAPHIC NET REVENUES (Tables)
6 Months Ended
Jun. 30, 2024
Concentration Risk [Line Items]  
Schedules of Geographic Net Revenues

The Company markets its products globally through its sales personnel and a worldwide network of independent sales representatives and distributors. Geographic net revenues by region and country with 5% or more of the Company’s revenue during any of the periods presented, based on “bill to” customer locations were as follows:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2024

    

2023

    

2024

    

2023

Americas:

$

5,281

$

5,603

$

10,286

$

12,086

EMEA:

 

 

 

 

Germany

5,059

 

6,075

 

10,948

 

13,549

Other EMEA

 

5,946

 

5,498

 

12,260

 

12,414

APAC:

 

 

 

 

Hong Kong/China

 

63,124

 

76,496

 

112,804

 

136,094

India

 

6,400

 

11,312

 

11,780

 

18,041

Korea

8,933

6,316

18,453

13,117

Taiwan

5,294

4,495

10,052

6,504

Other APAC

 

6,161

 

7,428

 

11,303

 

17,715

Total net revenues

$

106,198

$

123,223

$

197,886

$

229,520

Net revenue  
Concentration Risk [Line Items]  
Schedules of Concentration of Risk, by Risk Factor

The following customers represented 10% or more of the Company’s net revenues for the respective periods:

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

Customer

2024

2023

2024

2023

Avnet

 

28

%  

25

%  

 

29

%  

25

%  

Honestar Technologies Co., Ltd.

12

%  

15

%  

12

%  

14

%  

Salcomp Group

*

14

%

*

13

%  

Flextronics Group

 

*

12

%

 

*

11

%  

* Total customer revenue was less than 10% of net revenues.

Accounts receivable  
Concentration Risk [Line Items]  
Schedules of Concentration of Risk, by Risk Factor

The following customers represented 10% or more of accounts receivable at June 30, 2024 and December 31, 2023:

June 30, 

December 31, 

Customer

    

2024

2023

Avnet

27

%  

39

%  

Powertech Distribution Ltd.

11

%

*

Flextronics Group

10

%

*

Honestar Technologies Co., Ltd.

*

20

%

Salcomp Group

*

10

%  

* Total customer accounts receivable was less than 10% of accounts receivable.