Segment Information, Revenue and Enterprise-Wide Disclosures

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information, Revenue and Enterprise-Wide Disclosures

Note 16 – Segment Information, Revenue and Enterprise-Wide Disclosures

Segment Reporting. For financial reporting purposes, we operate in a single segment, standard semiconductor products, through our various manufacturing and distribution facilities. We aggregate our products because the products are similar and have similar economic characteristics, use similar production processes and share the same customer type. Our primary operations include operations in Asia, North America and Europe. The accounting policies of the operating entities are the same as those described in the summary of significant accounting policies. During the twelve months ended December 31, 2023, two customers, both broad-based distributors serving thousands of customers, accounted for 10% or more of our net sales. During the twelve months ended December 31, 2022 one customer, a broad-based distributor serving thousands of customers, accounted for 10% or more or our net sales. During the twelve

months ended December 31, 2021 no customer accounting for 10% or more of our net sales. At December 31, 2023, one of the customers that accounted for 10% or more of the Company's 2023 net sales also accounted for approximately 13.8% of our outstanding accounts receivable. No customer accounted for 10% or greater of our outstanding accounts receivable at December 31, 2022.

The tables below set forth net sales based on the location of the subsidiary producing the net sale:

2023	Asia			Americas			Europe			Consolidated
Total sales	$	1,560,595		$	1,210,561		$	378,442		$	3,149,598
Inter-company sales		(684,927	)		(670,624	)		(132,308	)		(1,487,859	)
Net sales	$	875,668		$	539,937		$	246,134		$	1,661,739
Property, plant and equipment	$	545,865		$	85,005		$	115,299		$	746,169
Assets	$	1,600,858		$	544,247		$	222,554		$	2,367,659
2022	Asia			Americas			Europe			Consolidated
Total sales	$	1,891,855		$	1,361,223		$	358,930		$	3,612,008
Inter-company sales		(769,630	)		(722,872	)		(118,926	)		(1,611,428	)
Net sales	$	1,122,225		$	638,351		$	240,004		$	2,000,580
Property, plant and equipment	$	529,365		$	95,584		$	111,781		$	736,730
Assets	$	1,599,805		$	440,014		$	248,493		$	2,288,312
2021	Asia			Americas			Europe			Consolidated
Total sales	$	1,939,540		$	1,108,460		$	278,126		$	3,326,126
Inter-company sales		(730,058	)		(678,662	)		(112,244	)		(1,520,964	)
Net sales	$	1,209,482		$	429,798		$	165,882		$	1,805,162
Property, plant and equipment	$	456,109		$	22,943		$	103,026		$	582,079
Assets	$	1,547,518		$	415,133		$	231,844		$	2,194,495

Disaggregation of Revenue. We disaggregate net sales from contracts with customers into direct sales and distribution sales (“Distributors”) and by geographic area. Direct sales customers consist of those customers using our product in their manufacturing process, and Distributors are those customers who resell our products to third parties. We deliver our products to customers around the world for use in industrial, automotive, computing, communications and consumer applications. Further, most of our contracts are fixed-price arrangements, and are short term in nature, ranging from days to several months.

The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment and by type (direct sales or distributor) for the twelve months ended December 31, 2023, 2022 and 2021:

Net Sales by Region	2023		2022		2021
Asia	$	1,181,519	$	1,480,191	$	1,439,545
Europe		287,549		283,900		220,772
Americas		192,671		236,489		144,845
Total net sales	$	1,661,739	$	2,000,580	$	1,805,162
Net Sales by Type	2023		2022		2021
Direct sales	$	530,446	$	590,173	$	607,645
Distributor sales		1,131,293		1,410,407		1,197,517
Total net sales	$	1,661,739	$	2,000,580	$	1,805,162

Net sales from products shipped to China for the twelve months ended December 31, 2023, 2022 and 2021, was $704.8 million $941.3 million and $938.1 million, respectively.