Segment and Geographic Information (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Summary of Disaggregation of Operating Expenses

The following table sets forth the Company’s disaggregation of operating expenses which were reviewed by the CODM for the three and nine months ended September 30, 2025 and 2024 (in thousands):


	Three months ended September 30,				Nine months Ended September 30,
	2025		2024		2025		2024
Research and development	$	8,889	$	9,568	$	26,474	$	28,395
Sales and marketing		2,479		2,758		7,427		8,025
General and administrative		6,352		4,361		16,916		13,065

Total operating expenses	$	17,720	$	16,687	$	50,817	$	49,485

The following table sets forth the Company’s disaggregation of operating expenses which were reviewed by the CODM for the years ended December 31, 2024 and 2023 (in thousands):


	2024		2023
Research and development	$	37,168	$	44,020
Sales and marketing		10,731		11,512
General and administrative		17,005		15,231

Total operating expenses	$	64,904	$	70,763

Summary of Geographic Locations of the Ultimate End Customers

The following is a summary of net sales for the three and nine months ended September 30, 2025 and 2024, based on the country to which the Company’s products were shipped, which may be different from the geographic locations of the ultimate end customers (in thousands):


	Three months ended September 30,				Nine months Ended September 30,
	2025		2024		2025		2024
Taiwan	$	7,409	$	4,055	$	20,254	$	13,923
China		6,202		15,219		20,459		39,519
Singapore		1,629		—		7,284		1
Rest of the World*		2,925		992		3,773		2,285

Total	$	18,165	$	20,266	$	51,770	$	55,728

*	Other countries individually less than 10%

The following is a summary of net sales for the years ended December 31, 2024 and 2023, based on the country to which the products were shipped, which may be different from the geographic locations of the ultimate end customers (in thousands):


	2024		2023
China	$	54,728	$	57,692
Taiwan		18,190		57
Rest of the World*		3,149		7,788

Total	$	76,067	$	65,537

*	Other countries individually less than 10%

Summary of Property, Equipment and Software, Net, and Right-of-use Assets, Net

The following illustrates property, equipment and software, net, and

right-of-use

assets, net by geographic locations based on physical location (in thousands):


	September 30, 2025		December 31, 2024
Taiwan	$	3,747	$	2,139
China		711		593
North America		601		786
Rest of the World*		23		26

Total	$	5,082	$	3,544

*	Other countries individually less than 10%

The following illustrates property, equipment and software, net, and

right-of-use

assets, net by geographic locations based on physical location (in thousands):


	2024		2023
North America	$	786	$	1,400
Taiwan		2,139		762
China		593		774
Rest of the World*		26		37

Total	$	3,544	$	2,973

*	Other countries individually less than 10%