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Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Concentration of Risk, by Risk Factor

Customers comprising 10% or greater of net revenues for each of the periods presented are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Percentage of total net revenue
Customer A	*		31	%	*		22	%
Customer B	11	%	*		11	%	*

____________________________

* Represents less than 10% of net revenues for the period presented.

The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.


	September 30,		December 31,
	2023		2022
Percentage of gross accounts receivable

Customer C	*		11	%

Customer D	26	%	12	%
Customer E	13	%	28	%
Customer F	17	%	*

____________________________

* Represents less than 10% of the gross accounts receivable as of the respective period end.

Significant Suppliers

Suppliers comprising 10% or greater of total inventory purchases are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Vendor A	28	%	24	%	21	%	27	%
Vendor B	17	%	26	%	24	%	25	%
Vendor C	14	%	13	%	10	%	13	%
Vendor D	*		*		10	%	*

____________________________

* Represents less than 10% of total inventory purchases for the period presented.

Summary of Revenue from External Customers by Geographic Areas

The Company’s consolidated net revenues by geographic area based on ship-to location are as follows (in thousands):


	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
	Amount		% of total net revenue		Amount		% of total net revenue		Amount		% of total net revenue		Amount		% of total net revenue
Asia	$	98,647	73	%	$	235,032	82	%	$	419,478	74	%	$	674,352	81	%
Europe	24,886		18	%	36,818		13	%	110,058		19	%	113,792		14	%
United States	8,757		7	%	10,991		4	%	29,847		5	%	29,543		4	%
Rest of world	3,240		2	%	2,889		1	%	8,527		2	%	11,979		1	%
Total	$	135,530	100	%	$	285,730	100	%	$	567,910	100	%	$	829,666	100	%

The products shipped to individual countries or territories representing 10% or greater of net revenue for each of the periods presented are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Percentage of total net revenue
Hong Kong	41	%	51	%	34	%	43	%
China	*		14	%	12	%	16	%


Taiwan, ROC	10	%	*		*		*

____________________________

* Represents less than 10% of net revenues for the period presented.

Summary of Long-lived Assets by Geographic Areas

Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill by geographic area are as follows (in thousands):


	September 30,				December 31,
	2023				2022
	Amount		% of total		Amount		% of total
United States	$	365,607	73	%	$	368,882	70	%
Singapore	97,926		19	%	109,613		21	%
Rest of world	39,697		8	%	45,093		9	%
Total	$	503,230	100	%	$	523,588	100	%