v3.24.3
Segment and Geographical Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment and Geographical Information Segment and Geographical Information
The Company’s chief operating decision maker is its Chief Executive Officer (“CEO”), who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. The Company manages its operations and allocates resources as a single operating segment.
Revenue by location is determined by the billing address of the Company’s customers, which include distributors who purchase the Company’s products and resell them.

The following table sets forth revenue by geographic area (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Taiwan$76,901 $22,252 $200,429 $32,555 
China16,507 2,639 23,206 4,053 
Singapore11,972 - 11,972 - 
United States5,388 11,441 10,744 23,033 
Other2,318 596 8,843 5,639 
Total$113,086 $36,928 $255,194 $65,280 
The Company had the following customers that individually comprised 10% or more of its revenue:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Customer A
35 %22 %40 %13 %
Customer B26 %37 %28 %37 %
Customer C
*23 %*22 %
Customer D
11 %***
Customer E
***12 %
*Less than 10% of total revenue
The Company had the following customers that individually comprised 10% or more of its accounts receivable, net:
As of
September 30, 2024December 31, 2023
Customer A26 %39 %
Customer B29 %27 %
Customer F
12 %*
*Less than 10% of total accounts receivable, net
The Company did not recognize any material allowance for credit losses as of September 30, 2024 and December 31, 2023.
Property and equipment by geographic location is based on the location of the asset. As of September 30, 2024, 16% and 83% of the Company’s property and equipment was located in the United States and Taiwan, respectively. As of December 31, 2023, substantially all of the Company’s property and equipment was located in the United States.