| 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.
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