REVENUE

3 Months Ended

Mar. 31, 2024

REVENUE

REVENUE

NOTE 2.    REVENUE

Disaggregation of revenue

The following tables present additional information regarding our revenue:

Revenue by Market

	Three Months Ended March 31,
	2024		2023
Semiconductor Equipment	$	179,903	$	194,209
Industrial and Medical		83,418		123,020
Data Center Computing		41,902		59,659
Telecom and Networking		22,252		48,152
Total	$	327,475	$	425,040

Revenue by Region

	Three Months Ended March 31,
	2024				2023
North America	$	134,079	40.9	%	$	180,942	42.5	%
Asia		151,943	46.4			179,183	42.2
Europe		40,553	12.4			62,566	14.7
Other		900	0.3			2,349	0.6
Total	$	327,475	100.0	%	$	425,040	100.0	%

Revenue by Significant Countries

	Three Months Ended March 31,
	2024				2023
United States	$	107,816	32.9	%	$	153,506	36.1	%
Taiwan		39,473	12.1			36,361	8.6
China		18,891	5.8			37,456	8.8
All others		161,295	49.2			197,717	46.5
Total	$	327,475	100.0	%	$	425,040	100.0	%

We attribute revenue to individual countries and regions based on the customer’s ship to location. Apart from the United States and Taiwan, no revenue attributable to any individual country exceeded 10% of our total consolidated revenues during the periods presented.

Revenue by Category

	Three Months Ended March 31,
	2024		2023
Product	$	286,264	$	379,274
Services and other		41,211		45,766
Total	$	327,475	$	425,040

Other revenue includes certain spare parts and products sold by our service group.

Significant Customers

During the three months ended March 31, 2024, Applied Materials, Inc. and Lam Research Corporation accounted for 30% and 10%, respectively, of our total revenue. During the three months ended March 31, 2023, Applied Materials Inc. accounted for 21% of our total revenue.

As of March 31, 2024, the account receivable balance from Applied Materials, Inc. and Lam Research Corporation accounted for 37% and 10%, respectively, of our total accounts receivable. As of December 31, 2023, the account receivable balance from Applied Materials, Inc. accounted for 26% of our total accounts receivable. No other customer’s account receivable exceeded 10% of our total accounts receivable in the periods presented.