Inventories, net

12 Months Ended

Dec. 31, 2025

6. Inventories, net


		As of December 31,
		2024		2025
		US$		US$

Raw materials		18,665		23,877
Work in process		3,535		3,275
Finished goods		6,580		6,875
Low value consumables and spare parts		244		324
Inventories, gross		29,024		34,351
Less: inventory write-downs		(5,184)		(3,408)
Total inventories, net		23,840		30,943

As a result of the net impact of current year provision and sales or uses of inventories with reserve, the inventory write-downs net decreased by US$13, US$1,031 and US$1,863 for the years ended December 31, 2023, 2024 and 2025 respectively.