Segment Information and Net Sales

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information and Net Sales

NOTE 7 – Segment Information and Net Sales

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 similar customer type. Our primary operations include operations in Asia, North America and Europe. No customer accounted for 10% or more of our net sales or outstanding accounts receivable at any point in the periods presented in this Quarterly Report. 

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

Three Months Ended June 30, 2021	Asia			Americas			Europe			Consolidated
Total sales	$	483,083		$	261,725		$	67,598		$	812,406
Intercompany elimination		(176,404	)		(167,318	)		(28,236	)		(371,958	)
Net sales	$	306,679		$	94,407		$	39,362		$	440,448
Three Months Ended June 30, 2020	Asia			Americas			Europe			Consolidated
Total sales	$	323,439		$	190,543		$	53,785		$	567,767
Intercompany elimination		(133,552	)		(121,545	)		(24,001	)		(279,098	)
Net sales	$	189,887		$	68,998		$	29,784		$	288,669
As of and for the
Six Months Ended June 30, 2021	Asia			Americas			Europe			Consolidated
Total sales	$	954,152		$	508,552		$	127,772		$	1,590,476
Intercompany elimination		(355,354	)		(328,147	)		(53,406	)		(736,907	)
Net sales	$	598,798		$	180,405		$	74,366		$	853,569
Property, plant and equipment, net	$	412,421		$	25,044		$	84,717		$	522,182
Total assets	$	1,423,099		$	350,339		$	219,531		$	1,992,969
As of and for the
Six Months Ended June 30, 2020	Asia			Americas			Europe			Consolidated
Total sales	$	625,302		$	358,715		$	112,786		$	1,096,803
Intercompany elimination		(250,473	)		(226,009	)		(50,935	)		(527,417	)
Net sales	$	374,829		$	132,706		$	61,851		$	569,386
Property, plant and equipment, net	$	355,704		$	24,435		$	70,476		$	450,615
Total assets	$	1,494,605		$	230,888		$	211,670		$	1,937,163

Disaggregation of Net Sales. We disaggregate net sales 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 consumer electronics, computing, communications, industrial and automotive markets. 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):

	Three Months Ended
	June 30,
Net Sales by Region	2021		2020
Asia	$	353,312	$	223,056
Europe		54,056		43,145
Americas		33,080		22,468
Total net sales	$	440,448	$	288,669
Net Sales by Type
Direct sales	$	151,048	$	92,671
Distributor sales		289,400		195,998
Total net sales	$	440,448	$	288,669
	Six Months Ended
	June 30,
Net Sales by Region	2021		2020
Asia	$	687,937	$	433,861
Europe		102,442		90,076
Americas		63,190		45,449
Total net sales	$	853,569	$	569,386
Net Sales by Type
Direct sales	$	298,939	$	280,581
Distributor sales		554,630		288,805
Total net sales	$	853,569	$	569,386

Net sales from products shipped to China was $229.3 million and $152.4 million for the three months ended June 30, 2021 and 2020, respectively and $451.7 million and $291.3 million for the six months ended June 30, 2021 and 2020, respectively.