v3.26.3
Segment reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Intersegment Sales and Transfers

The Group accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices.

 

Unaudited 6 months ended June 30,   2026     2025  
USD’000   Semiconductors     ASIC     Total     Semiconductors     ASIC     Total  
Revenue from external customers     8,603       2,504       11,107       4,825       -       4,825  
Intersegment revenue     -       1,302       1,302       -       -       -  
      8,603       3,806       12,409       4,825       -       4,825  
                                                 
Reconciliation of revenue                                                
Elimination of intersegment revenue             (1,302 )     (1,302 )                     -  
Other revenue 2                     327                       468  
Total consolidated revenue                     11,434                       5,293  
                                                 
Less:1                                                
Cost of sales     4,910       821       5,731       3,199       -       3,199  
Segment gross profit     3,693       1,683       5,376       1,626       -       1,626  
                                                 
Less:1                                                
Total operating expenses     11,113       6,612       17,725       7,328       -       7,328  
Other segment items     (129 )     517       388       691       -       691  
Segment profit / (loss) before income taxes     (7,291 )     (5,446 )     (12,737 )     (6,393 )     -       (6,393 )
                                                 
Reconciliation of profit or loss (segment profit / (loss))                                                
Other profit or loss2                     (23,684 )                     (15,893 )
Elimination of intersegment profits                     (62 )                     -  
Income / (loss) before income taxes                     (36,483 )                     (22,286 )
                                                 
Other segment disclosures                                                
Interest revenue     -       -       -       7       -       7  
Interest expense     358       35       393       7       -       7  
Depreciation and amortization     421       2,238       2,659       313       -       313  
Profit / (loss) from intersegment sales     -       62       62       -       -       -  
Income tax recovery / (expense)     -       295       295       -       -       -  
Segment assets     21,418       29,399       50,817       13,233       -       13,233  
Schedule of Other Segment Items for Each Reportable Segment are Made Up of Non-Operating Expenses

Other segment items for each reportable segment are made up of non-operating expenses, including management expenses, foreign exchanges gains and losses, debt discount amortization and financing costs.

 

  As of
June 30,		     As of
June 30,		  
Asset reconciliation
USD’000		   2026 (unaudited)     2025 (unaudited)  
Total assets from reportable segments     50,817       13,233  
Other assets1     656,356       175,518  
Elimination of intersegment receivables     (45,798 )     (14,430 )
Elimination of intersegment investment and goodwill     (44,997 )     (19,332 )
Consolidated total assets     616,378       154,989  
Schedule of Geographic Information for Net Sales Based on the Billing Address of the Customer, and for Property, Plant and Equipment
Revenue by region   Unaudited 6 months ended
June 30,		  
USD’000   2026     2025  
Switzerland     584       389  
Rest of EMEA*     3,309       818  
North America     5,655       3,196  
Asia Pacific     1,886       795  
Latin America     -       95  
Total revenue     11,434       5,293  

 

* EMEA means Europe, Middle East and Africa

 

Property, plant and equipment, net of depreciation, by region   As of
June 30,
2026		     As of
December 31,		  
USD’000   (unaudited)     2025  
Switzerland     333       49  
Rest of EMEA     4,709       3,755  
Total Property, plant and equipment, net of depreciation     5,042       3,804