v3.26.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Significant Expenses and Other Expense
The following table presents selected financial information, including significant expenses and other expense information provided to CODM, with respect to the Company’s
single
operating segment for the years ended December 31, 2023, 2024 and 2025:
 
    
2023
   
2024
   
2025
 
    
US$
   
US$
   
US$
 
Net sales
     639,142       803,552       885,627  
Less:
      
Product costs (1)
     364,405       430,784       454,124  
Stock-compensation and related payroll expense
     142,156       154,831       203,305  
Integrated Circuit design related costs
     46,429       73,263       72,069  
Depreciation and amortization
     21,810       25,331       30,174  
Income tax expense
     8,175       18,160       17,492  
Dispute related expenses
     6,973       14,385       12,988  
Other operating expenses (2)
     17,490       14,069       19,930  
Interest income
     (12,246     (14,528     (9,663
Other segment items (3)
     (8,923     (1,992     (37,427
  
 
 
   
 
 
   
 
 
 
Net income
     52,873       89,249       122,635  
  
 
 
   
 
 
   
 
 
 
 
(1)
Product costs primarily include material, labor and other product related costs, excluding the other categories above.
 
(2)
Other operating expenses primarily include facilities expenses, sales promotion expenses, professional service expenses and other expenses.
 
(3)
Other segment items primarily include unrealized holding gain on investment, gain from disposal of long-term investment, foreign exchange gain or loss, interest expense and other income, net as reported in our consolidated statements of income.
Long-Lived Assets (Property and Equipment, Net) by Geographic Area
Long-lived assets (property and equipment, net) by geographic area are as follows:
 
    
Year Ended December 31
 
    
2023
    
2024
    
2025
 
    
US$
    
US$
    
US$
 
Taiwan
     155,334        177,335        208,415  
China
     11,118        10,369        10,006  
Others
     965        694        545  
  
 
 
    
 
 
    
 
 
 
     167,417        188,398        218,966  
  
 
 
    
 
 
    
 
 
 
Revenue by Product Category
 
The Company groups its products into two categories, based on the markets in which they may be used. The following summarizes the Company’s revenue by product category:
 
    
Year Ended December 31
 
    
2023
    
2024
    
2025
 
    
US$
    
US$
    
US$
 
Mobile Storage
     632,813        796,365        877,195  
Others
     6,329        7,187        8,432  
  
 
 
    
 
 
    
 
 
 
     639,142        803,552        885,627  
  
 
 
    
 
 
    
 
 
 
Revenue by Geographic Area
Revenue is attributed to a geographic area based on the
bill-to
location and is summarized as follows:
 
 
  
Year Ended December 31
 
 
  
2023
 
  
2024
 
  
2025
 
 
  
US$
 
  
US$
 
  
US$
 
China
     229,037        331,664        495,107  
Japan
     36,431        143,130        123,870  
Singapore
     127,642        144,595        78,432  
Taiwan
     74,284        58,114        74,629  
Korea
     48,633        73,057        22,551  
United States
     55,504        13,019        7,966  
Others
     67,611        39,973        83,072  
  
 
 
    
 
 
    
 
 
 
     639,142        803,552        885,627  
  
 
 
    
 
 
    
 
 
 
Major customers representing at least 10% of net sales
Major customers representing at least 10% of net sales are as follows:
 
    
Year Ended December 31
 
    
2023
    
2024
    
2025
 
    
US$
    
%
    
US$
    
%
    
US$
    
%
 
PHISEMI
     *        *        107,407        13        216,456        24  
Kioxia
     *        *        119,727        15        105,704        12  
AFASTOR
     70,046        11        82,678        10        104,248        12  
Micron
     144,011        22        151,780        19        86,201        10  
SK Hynix
     75,836        12        *        *        *        *  
 
*
Less than 10%