v3.26.1
Segment, Product and Geographic Information
12 Months Ended
Dec. 31, 2025
Segment, Product and Geographic Information  
Segment, Product and Geographic Information

Note 28.  Segment, Product and Geographic Information

The Company has two operating segments: Driver IC and Non-driver Products. The Driver IC segment generally is engaged in the design, research, development and sale of displays driver for large-sized TFT-LCD panels, which are used in televisions and desktop monitors, and displays driver for small and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products. The Non-driver segment primarily is engaged in the design, research, manufacturing and sale of non-driver products, such as timing controllers, 3D Sensing Solution, LCoS, CMOS Image Sensors and WLO.

Year Ended December 31, 2023

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Segment revenues

$

804,840

 

140,588

 

945,428

Segment operating income (loss)

$

75,282

 

(32,070)

 

43,212

Non operating income, net

 

  ​

 

1,181

Consolidated profit before income taxes

 

  ​

 

$

44,393

Significant noncash items:

 

  ​

 

Share-based compensation

$

1,608

 

1,055

 

2,663

Depreciation and amortization

$

8,601

 

11,721

 

20,322

Year Ended December 31, 2024

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Segment revenues

$

751,326

155,476

906,802

Segment operating income (loss)

$

92,699

(24,478)

68,221

Non operating income, net

 

9,114

Consolidated profit before income taxes

$

77,335

Significant noncash items:

 

Share-based compensation

$

697

 

550

 

1,247

Depreciation and amortization

$

11,115

 

11,239

 

22,354

Year Ended December 31, 2025

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Segment revenues

$

665,797

166,376

832,173

Segment operating income (loss)

$

61,737

(17,611)

44,126

Non operating income, net

 

10,741

Consolidated profit before income taxes

$

54,867

Significant noncash items:

Share-based compensation

$

391

 

339

 

730

Depreciation and amortization

$

13,524

 

9,025

 

22,549

The following tables summarize information pertaining to the segment revenues from customers in different geographic region (based on customer’s headquarter location):

For the year ended December 31, 2023

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

China

$

632,363

 

88,395

 

720,758

Taiwan

 

119,289

 

22,494

 

141,783

Korea

 

22,584

 

4,813

 

27,397

Japan

27,763

9,034

36,797

America

2,841

11,309

14,150

Mexico

627

627

Others

 

 

3,916

 

3,916

$

804,840

 

140,588

 

945,428

For the year ended December 31, 2024

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

China

$

567,137

98,421

665,558

Taiwan

 

116,145

22,183

138,328

Korea

 

51,672

10,015

61,687

Japan

16,372

8,203

24,575

America

12,545

12,545

Mexico

2,807

2,807

Others

1,302

1,302

$

751,326

155,476

906,802

For the year ended December 31, 2025

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

China

$

516,096

97,722

613,818

Taiwan

 

98,969

23,557

122,526

Korea

 

39,460

10,128

49,588

Japan

11,272

3,687

14,959

America

21,345

21,345

Mexico

4,847

4,847

Others

5,090

5,090

$

665,797

166,376

832,173

The following tables summarize information pertaining to the segment revenues from major product lines:

For the year ended December 31, 2023

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Display drivers for large-sized applications

$

175,666

 

 

175,666

Display drivers for small and medium-sized applications

 

629,174

 

 

629,174

Non-driver products

 

 

140,588

 

140,588

$

804,840

 

140,588

 

945,428

For the year ended December 31, 2024

Non-driver 

Consolidated 

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Display drivers for large-sized applications

$

125,936

 

 

125,936

Display drivers for small and medium-sized applications

 

625,390

 

 

625,390

Non-driver products

 

 

155,476

 

155,476

$

751,326

 

155,476

 

906,802

For the year ended December 31, 2025

Non-driver

Consolidated

  ​ ​ ​

Driver IC

  ​ ​ ​

products

  ​ ​ ​

Total

(in thousands)

Display drivers for large-sized applications

  ​ ​ ​

$

90,665

 

 

90,665

Display drivers for small and medium-sized applications

 

575,132

 

 

575,132

Non-driver products

 

 

166,376

 

166,376

$

665,797

 

166,376

 

832,173

The carrying values of the Company’s property, plant and equipment are located in the following countries:

December 31, 

 

December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

(in thousands)

Taiwan

$

117,784

116,829

U.S.

 

1,433

1,299

China

 

1,688

1,392

Korea

 

286

476

Japan

 

89

35

$

121,280

120,031

Revenues from significant customers, those representing 10% or more of total revenue for the respective periods, are summarized as follows:

Year ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

(in thousands)

Driver IC segment:

 

  ​

 

  ​

Customer A and its affiliates

$

234,581

207,725

176,457

Customer C

102,719

73,696

61,701

$

337,300

281,421

238,158

Non-driver products segment:

Customer A and its affiliates

$

36,770

31,276

23,648

Customer C

1,120

1,868

3,054

$

37,890

33,144

26,702

Accounts receivable from significant customers, those representing 10% or more of total accounts receivable for the respective dates, is summarized as follows:

December 31, 

 

December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

(in thousands)

Customer A and its affiliates

$

69,006

57,804

Customer C

20,521

12,122

$

89,527

69,926

The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

2024

2025

 

(in thousands)

Contract liabilities-current

$

10,622

3,322

Revenue recognized in the current reporting period amounted to $8,714 thousand was related to carried-forward contract liabilities for performance obligations not satisfied in prior year.

All of the service contracts are for periods of one year or less. As permitted under IFRS 15, the transaction price allocated to these unsatisfied contracts is not disclosed. As of December 31, 2025, the Company did not recognize an asset in relation to costs to fulfill a service contract.