INVENTORIES

3 Months Ended

Mar. 31, 2026

Inventories consists of the following (in thousands):


	March 31, 2026		December 31, 2025
Inventories, current:
Work-in-process	$	7,890	$	12,651
Finished goods	5,106		2,959
Inventories, current	$	12,996	$	15,610
Long-term inventories included in other long-term assets:
Raw materials	50		50
Work-in-process	54,418		57,290
Finished goods	1,592		1,789
Inventories, long-term	$	56,060	$	59,129
Total inventories	$	69,056	$	74,739

Inventory written down as a result of excess, obsolescence, scrap or other reasons charged to cost of product and other revenue in the unaudited condensed consolidated statements of operations and comprehensive income (loss) was $3.2 million and $0.2 million during the three months ended March 31, 2026 and 2025, respectively.