REVENUE

6 Months Ended

Jun. 30, 2024

REVENUE

REVENUE

NOTE 3.    REVENUE

Disaggregation of revenue

The following tables present additional information regarding our revenue:

Revenue by Market

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Semiconductor Equipment	$	188,321	$	173,177	$	368,224	$	367,386
Industrial and Medical		79,104		127,603		162,522		250,623
Data Center Computing		72,964		59,076		114,866		118,735
Telecom and Networking		24,558		55,652		46,810		103,804
Total	$	364,947	$	415,508	$	692,422	$	840,548

Revenue by Region

	Three Months Ended June 30,								Six Months Ended June 30,
	2024				2023				2024				2023
North America	$	172,794	47.4	%	$	171,516	41.3	%	$	306,873	44.3	%	$	352,458	42.0	%
Asia		151,955	41.6			186,498	44.9			303,898	43.9			365,681	43.5
Europe		39,813	10.9			56,213	13.5			80,366	11.6			118,779	14.1
Other		385	0.1			1,281	0.3			1,285	0.2			3,630	0.4
Total	$	364,947	100.0	%	$	415,508	100.0	%	$	692,422	100.0	%	$	840,548	100.0	%

Revenue by Significant Countries

	Three Months Ended June 30,								Six Months Ended June 30,
	2024				2023				2024				2023
United States	$	129,495	35.5	%	$	147,109	35.4	%	$	237,311	34.4	%	$	300,615	35.8	%
Mexico		42,934	11.8			23,617	5.7			68,815	9.9			50,489	6.0
Taiwan		39,108	10.7			29,345	7.1			78,581	11.3			65,706	7.8
China		22,682	6.2			53,192	12.8			41,573	6.0			90,648	10.8
All others		130,728	35.8			162,245	39.0			266,142	38.4			333,090	39.6
Total	$	364,947	100.0	%	$	415,508	100.0	%	$	692,422	100.0	%	$	840,548	100.0	%

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

Revenue by Category

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Product	$	325,368	$	369,881	$	611,632	$	749,155
Services and other		39,579		45,627		80,790		91,393
Total	$	364,947	$	415,508	$	692,422	$	840,548

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

Significant Customers

During the three months ended June 30, 2024, Applied Materials, Inc. and Lam Research Corporation accounted for 26% and 10%, respectively, of our total revenue. During the six months ended June 30, 2024, Applied Materials, Inc. and Lam Research Corporation accounted for 28% and 10%, respectively, of our total revenue. During the three and six months ended June 30, 2023, Applied Materials Inc. accounted for 19% and 20%, respectively, of our total revenue. No other customer’s revenue exceeded 10% of our total revenue in the periods presented.

As of June 30, 2024, the account receivable balance from Applied Materials, Inc. and Lam Research Corporation accounted for 31% 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.