Revenue (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Revenue |
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| Schedule of revenues disaggregated by product or service type |
| | | | | | | | | | | | | | | | | | | | | Disaggregation of revenue | | Typical | | At one point in time | | Over time | | Total | USD’000 | | payment | | 2025 | | 2024 | | 2023 | | 2025 | | 2024 | | 2023 | | 2025 | | 2024 | | 2023 | Semiconductors Segment | | | | | | | | | | | | | | | | | | | | | Secure chips | | Upon delivery | | 14,329 | | 10,937 | | 30,044 | | — | | — | | — | | 14,329 | | 10,937 | | 30,044 | Certificates | | Upon issuance | | 298 | | 39 | | 14 | | 24 | | 5 | | — | | 322 | | 44 | | 14 | Total Semiconductors Segment | | | | 14,627 | | 10,976 | | 30,058 | | 24 | | 5 | | — | | 14,651 | | 10,981 | | 30,058 | ASIC Segment | | | | | | | | | | | | | | | | | | | | | ASIC Design | | Milestone based | | — | | — | | — | | 3,522 | | — | | — | | 3,522 | | — | | — | ASIC Production | | Upon delivery | | 79 | | — | | — | | — | | — | | — | | 79 | | — | | — | Total ASIC Segment | | | | 79 | | — | | — | | 3,522 | | — | | — | | 3,601 | | — | | — | Total Revenue | | | | 14,706 | | 10,976 | | 30,058 | | 3,546 | | 5 | | — | | 18,252 | | 10,981 | | 30,058 |
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| Schedule of revenues disaggregated by geographic areas |
| | | | | | | Net sales by region | | 12 months ended December 31, | USD’000 | | 2025 | | 2024 | | 2023 | Semiconductors Segment | | | | | | | Europe, Middle East and Africa | | 2,230 | | 1,839 | | 9,985 | North America | | 9,147 | | 7,500 | | 16,531 | Asia Pacific | | 3,180 | | 1,642 | | 3,466 | Latin America | | 94 | | — | | 76 | Total Semiconductors Segment revenue | | 14,651 | | 10,981 | | 30,058 | ASIC Segment | | | | | | | Europe, Middle East and Africa | | 2,214 | | — | | — | North America | | 1,340 | | — | | — | Asia Pacific | | 47 | | — | | — | Total ASIC Segment revenue | | 3,601 | | — | | — | Total net sales | | 18,252 | | 10,981 | | 30,058 |
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| Schedule of contract assets, deferred revenue and contract liability |
| | | | | | | As at December 31, | | As at December 31, | USD’000 | | 2025 | | 2024 | Trade accounts receivable | | | | | Trade accounts receivable – Semiconductors Segment | | 3,283 | | 3,645 | Trade accounts receivable – ASIC Segment | | 986 | | — | Total trade accounts receivable, net of allowance for credit losses | | 4,269 | | 3,645 | Contract assets – ASIC Segment | | 451 | | — | Total contract assets | | 451 | | — | Customer contract liabilities – Semiconductors Segment | | 4 | | 83 | Customer contract liabilities – ASIC Segment | | 1,596 | | — | Total customer contract liabilities - current | | 1,600 | | 83 | Deferred revenue | | | | | Deferred revenue – Semiconductors Segment | | 21 | | 5 | Deferred revenue – ASIC Segment | | 4 | | — | Total deferred revenue | | 25 | | 5 | Revenue recognized in the period from amounts included in the deferred revenue at the beginning of the period | | 5 | | — |
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