Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segments and Major Customers

Operating segments are based upon the Company’s internal organization structure, the manner in which its operations are managed, the criteria used by its Chief Operating Decision Maker (“CODM”) to evaluate segment performance and availability of separate financial information regularly reviewed for resource allocation and performance assessment.

The Company has determined its CODM to be the Chief Executive Officer (“CEO”). The CEO reviews financial information presented on a consolidated basis for purposes of managing the business, allocating resources, making operating decisions and assessing financial performance. On this basis, the Company is organized and operates as a single segment within the semiconductor space. As of December 31, 2022, the Company has a single operating and reportable segment.

Accounts receivable from the Company’s major customers representing 10% or more of total accounts receivable at December 31, 2022 and 2021, respectively, was as follows:

	As of December 31,
Customer	2022		2021
Customer 1	23	%	17	%
Customer 2	16	%	*
Customer 3	14	%	19	%

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*    Customer accounted for less than 10% of total accounts receivable in the period.

Revenue from the Company’s major customers representing 10% or more of total revenue for the years ended December 31, 2022, 2021 and 2020, respectively, was as follows:

	Years Ended December 31,
Customer	2022		2021		2020
Customer A	19	%	21	%	12	%
Customer B	17	%	13	%	*
Customer C	14	%	11	%	15	%

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*    Customer accounted for less than 10% of total revenue in the period.

Revenue from customers in the geographic regions based on the location of contracting parties was as follows:

	Years Ended December 31,
(In thousands)	2022		2021		2020
USA	$	277,776	$	211,419	$	137,614
Singapore	57,309		39,798		28,034
Asia-Other	54,421		28,949		26,249
Taiwan	35,116		23,953		21,803
Japan	16,516		14,894		20,437
South Korea	7,222		6,007		3,664
Europe	6,213		3,165		7,359
Canada	220		119		1,162
Total	$	454,793	$	328,304	$	246,322

At December 31, 2022, of the $86.3 million of total property, plant and equipment, approximately $80.5 million were located in the United States, $3.4 million were located in India and $2.4 million were located in other foreign locations. At December 31, 2021, of the $56.0 million of total property, plant and equipment, approximately $49.8 million were located in the United States, $3.2 million were located in India and $3.0 million were located in other foreign locations.