Financial Instruments (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Financial Instruments |
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| Schedule of financial assets |
| | | | | | | | December 31, | | December 31, | | | 2024 | | 2025 | | | | | (in thousands) | Financial assets measured at fair value through profit or loss (including current and noncurrent) | | $ | 25,694 | | 52,520 | Financial assets measured at fair value through other comprehensive income | | | 28,226 | | 56,836 | Measured at amortized cost: | | | | | | Cash and cash equivalents | | | 218,148 | | 257,504 | Financial assets at amortized cost | | | 4,286 | | 2,714 | Accounts receivable and other receivables (including related parties) | | | 242,491 | | 203,115 | Restricted deposit (including current and noncurrent) | | | 503,731 | | 568,200 | Refundable deposits (including current and noncurrent) | | | 232,349 | | 203,982 | Subtotal | | | 1,201,005 | | 1,235,515 | Total | | $ | 1,254,925 | | 1,344,871 |
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| Schedule of financial liabilities |
| | | | | | | | December 31, | | December 31, | | | 2024 | | 2025 | | | | (in thousands) | Measured at amortized cost: | | | | | | Short-term unsecured borrowings | | $ | — | | 140 | Short-term secured borrowings | | | 503,700 | | 568,200 | Accounts payables and other payables (including related parties) | | | 160,940 | | 197,430 | Long-term unsecured borrowings (including current portion) | | | 34,500 | | 28,500 | Lease liabilities (including current and noncurrent) | | | 7,160 | | 4,218 | Guarantee deposits | | | 1,006 | | 1,005 | Total | | $ | 707,306 | | 799,493 |
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| Schedule of contractual maturities of financial liabilities, including estimated interest payments of unsecured borrowings, secured borrowings and lease liabilities |
| | | | | | | | | | | | | | | | Contractual | | Within 6 | | 6‑12 | | | | | | Over 5 | (in thousands) | | cash flows | | months | | months | | 1‑2 years | | 2‑5 years | | years | December 31, 2024 | | | | | | | | | | | | | | Non-derivative financial liabilities | | | | | | | | | | | | | | Short-term secured borrowings | | $ | 504,061 | | 504,061 | | — | | — | | — | | — | Long-term unsecured borrowings (including current portion) | | | 40,745 | | 4,079 | | 3,944 | | 7,591 | | 20,527 | | 4,604 | Lease liabilities | | | 7,449 | | 2,788 | | 1,062 | | 1,621 | | 1,978 | | — | Guarantee deposits | | | 1,006 | | 1,006 | | — | | — | | — | | — | | | $ | 553,261 | | 511,934 | | 5,006 | | 9,212 | | 22,505 | | 4,604 | December 31, 2025 | | | | | | | | | | | | | | Non-derivative financial liabilities | | | | | | | | | | | | | | Short-term unsecured borrowings | | $ | 140 | | 140 | | — | | — | | — | | — | Short-term secured borrowings | | | 568,518 | | 568,518 | | — | | — | | — | | — | Long-term unsecured borrowings (including current portion) | | | 31,556 | | 3,605 | | 3,547 | | 6,880 | | 17,524 | | — | Lease liabilities | | | 4,386 | | 989 | | 859 | | 1,385 | | 1,153 | | — | Guarantee deposits | | | 1,005 | | 1,005 | | — | | — | | — | | — | | | $ | 605,605 | | 574,257 | | 4,406 | | 8,265 | | 18,677 | | — |
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| Schedule of company's significant exposure to foreign currency risk |
| | | | | | | | | | | | | | | December 31, 2024 | | December 31, 2025 | | | Foreign | | Exchange | | Functional | | Foreign | | Exchange | | Functional | (in thousands) | | currency | | rate | | currency | | currency | | rate | | currency | Financial assets | | | | | | | | | | | | | Monetary items | | | | | | | | | | | | | NTD | | 235,638 | | 32.785 | | 7,187 | | 409,509 | | 31.43 | | 13,029 | CNY | | 38,575 | | 7.1884 | | 5,366 | | 21 | | 7.0288 | | 3 | JPY | | 352,275 | | 156.1934 | | 2,255 | | 9,400 | | 156.5239 | | 60 | Financial liabilities | | | | | | | | | | | | | Monetary items | | | | | | | | | | | | | NTD | | 1,246,126 | | 32.785 | | 38,010 | | 1,472,661 | | 31.43 | | 46,855 | JPY | | 375,040 | | 156.1934 | | 2,401 | | 1,249 | | 156.5239 | | 8 |
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| Schedule of fair value hierarchy |
| | | | | | | | | | | | | | December 31, 2024 | | | Carrying | | Fair Value | (in thousands) | | Amount | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets measured at fair value through profit or loss | | | | | | | | | | | | Money market fund | | $ | 2,140 | | 2,140 | | — | | — | | 2,140 | Equity securities-unlisted company | | | 23,554 | | — | | — | | 23,554 | | 23,554 | Subtotal | | | 25,694 | | 2,140 | | — | | 23,554 | | 25,694 | Financial assets measured at fair value through other comprehensive income | | | | | | | | | | | | Equity securities-listed company | | | 27,932 | | 3,774 | | 24,158 | | — | | 27,932 | Equity securities-unlisted company | | | 294 | | — | | — | | 294 | | 294 | Total | | $ | 53,920 | | 5,914 | | 24,158 | | 23,848 | | 53,920 |
| | | | | | | | | | | | | | December 31, 2025 | | | Carrying | | Fair Value | (in thousands) | | Amount | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets measured at fair value through profit or loss | | | | | | | | | | | | Money market fund | | $ | 24,732 | | 24,732 | | — | | — | | 24,732 | Equity securities-unlisted company | | | 26,758 | | — | | — | | 26,758 | | 26,758 | Warrant-unlisted company | | | 1,030 | | — | | — | | 1,030 | | 1,030 | Subtotal | | | 52,520 | | 24,732 | | — | | 27,788 | | 52,520 | Financial assets measured at fair value through other comprehensive income | | | | | | | | | | | | Equity securities-listed company | | | 56,212 | | 7,278 | | 48,934 | | — | | 56,212 | Equity securities-unlisted company | | | 624 | | — | | — | | 624 | | 624 | Total | | $ | 109,356 | | 32,010 | | 48,934 | | 28,412 | | 109,356 |
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| Schedule of movement in financial assets included in Level 3 of fair value hierarchy |
| | | | | | | | | | | | | Financial assets | | | | | Financial assets | | at fair value | | | | | at fair value | | through other | | | | | through profit or | | comprehensive | | | (in thousands) | | loss | | income | | Total | January 1, 2024 | | $ | 21,650 | | 507 | | 22,157 | Addition | | | 5,628 | | — | | 5,628 | Disposal | | | (4,630) | | — | | (4,630) | Capital reduction of investment | | | (338) | | — | | (338) | Recognized in other comprehensive income | | | — | | (213) | | (213) | Recognized in profit or loss | | | 1,244 | | — | | 1,244 | December 31, 2024 | | $ | 23,554 | | 294 | | 23,848 |
| | | | | | | | | | | | | Financial assets | | | | | Financial assets | | at fair value | | | | | at fair value | | through other | | | | | through profit or | | comprehensive | | | (in thousands) | | loss | | income | | Total | January 1, 2025 | | $ | 23,554 | | 294 | | 23,848 | Acquisitions through business combinations | | | 18 | | — | | 18 | Addition | | | 3,153 | | 799 | | 3,952 | Disposal | | | — | | — | | — | Capital reduction of investment | | | (89) | | — | | (89) | Recognized in other comprehensive income | | | — | | (469) | | (469) | Recognized in profit or loss | | | 1,152 | | — | | 1,152 | December 31, 2025 | | $ | 27,788 | | 624 | | 28,412 |
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