Note 16. Property,
plant and equipment
Property, plant and equipment, net consisted of
the following.
| USD’000 | |
As of
June 30,
2026
(unaudited) | | |
As of
December 31,
2025 | |
| Machinery and equipment | |
| 15,711 | | |
| 14,554 | |
| Buildings and leasehold improvements | |
| 218 | | |
| 224 | |
| Office equipment and furniture | |
| 2,446 | | |
| 2,421 | |
| Computer equipment and licenses | |
| 1,220 | | |
| 698 | |
| Total property, plant and equipment, gross | |
| 19,595 | | |
| 17,897 | |
| | |
| | | |
| | |
| Accumulated depreciation for: | |
| | | |
| | |
| Machinery and equipment | |
| (11,599 | ) | |
| (11,284 | ) |
| Buildings and leasehold improvements | |
| (27 | ) | |
| (13 | ) |
| Office equipment and furniture | |
| (2,351 | ) | |
| (2,334 | ) |
| Computer equipment and licenses | |
| (604 | ) | |
| (496 | ) |
| Total accumulated depreciation | |
| (14,581 | ) | |
| (14,127 | ) |
| Total property, plant and equipment, net | |
| 5,014 | | |
| 3,770 | |
| Depreciation charge for the 6 months ended June 30, | |
| 436 | | |
| 315 | |
In the six months ended June 30, 2026, SEALSQ
did not identify any events or changes in circumstances indicating that the carrying amount of any asset may not be recoverable. As a
result, the Group did not record any impairment charge on property, plant and equipment in the six months ended June 30, 2026.
The useful economic life of property plant and
equipment is as follows:
| ● | Machinery, equipment and production tools | 5 to 10 years |
| ● | Office equipment and furniture | 2 to 5 years |
| ● | Production masks | 5 years |
|