Details of Significant Accounts (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure Of Significant Accounts Abstract

Cash and cash equivalents

	June 30, 2024		December 31, 2023		June 30, 2023
Cash on hand and revolving funds	$	242	$	280	$	242
Checking accounts and demand deposits		20,066		33,307		35,300
Time deposits		129,800		168,878		219,848
	$	150,108	$	202,465	$	255,390

Schedule of Financial Assets at Amortised Cost

Financial assets at amortised cost

Items	June 30, 2024		December 31, 2023		June 30, 2023
Current items:
Restricted deposit	$	97,350	$	92,115	$	93,420

Schedule of Amounts Recognised in Profit or Loss in Relation to Financial Assets at Amortised Cost

Amounts recognised in profit or loss in relation to financial assets at amortised cost are listed below:

	Six months ended		Six months ended
	June 30, 2024		June 30, 2023
Interest income	$	2,480		1,033

Schedule of Notes and Accounts Receivable

Notes and accounts receivable

	June 30, 2024			December 31, 2023			June 30, 2023
Accounts receivable	$	4,722		$	5,530		$	4,203

Less: Allowance for uncollectible accounts		(8	)		(8	)		(9	)
	$	4,714		$	5,522		$	4,194

Schedule of Ageing Analysis of Accounts Receivable and Notes Receivable Past Due but Not Impaired

The ageing analysis of accounts receivable and notes receivable that were past due but not impaired is as follows:

	June 30, 2024		December 31, 2023		June 30, 2023
	Accounts receivable		Accounts receivable		Accounts receivable
Not past due	$	3,882	$	5,055	$	4,049
Up to 30 days		731		288		140
31 to 90 days		101		179		6
91 to 180 days		-		-		8
181 to 270 days		-		-		-
271 to 360 days		-		-		-
Over 361 days		8		8		-
	$	4,722	$	5,530	$	4,203

Schedule of Inventories

Inventories

	June 30, 2024
	Cost		Allowance for valuation loss			Book value
Raw materials	$	8,500	$	(4,725	)	$	3,775
Work in progress		19,148		(11,906	)		7,242
Finished goods		46,872		(19,769	)		27,103
	$	74,520	$	(36,400	)	$	38,120

	December 31, 2023
	Cost		Allowance for valuation loss			Book value
Raw materials	$	9,119	$	(1,292	)	$	7,827
Work in progress		21,542		(5,010	)		16,532
Finished goods		38,712		(17,796	)		20,916
	$	69,373	$	(24,098	)	$	45,275

	June 30, 2023
	Cost		Allowance for valuation loss			Book value
Raw materials	$	9,685	$	(928	)	$	8,757
Work in progress		19,714		(4,194	)		15,520
Finished goods		47,473		(13,037	)		34,436
	$	76,872	$	(18,159	)	$	58,713

Schedule of Cost of Inventories Recognized as Expense

The cost of inventories recognized as expense for the period:

	Six months ended June 30,		Six months ended June 30,
	2024		2023
Cost of goods sold	$	14,090	$	10,541
Loss on decline in market		12,302		5,067
Unallocated overheads		2,036		-
	$	28,428	$	15,608

Schedule of Other Current Assets

Other current assets

	June 30, 2024		December 31, 2023		June 30, 2023
Payment on behalf of others	$	46,172	$	29,122	$	-
Others		364		333		268
	$	46,536	$	29,455	$	268

Schedule of Property, Plant and Equipment

Property, plant and equipment

Six months ended June 30, 2024
Cost	Opening balance			Additions			Reductions			Ending balance
Machinery	$	91,594		$	3,880		$	(160	)	$	95,314
Others		7,829			4,404			(1,069	)		11,164
	$	99,423		$	8,284		$	(1,229	)	$	106,478
Accumulated depreciation
Machinery	$	(47,185	)	$	(7,202	)	$	160		$	(54,227	)
Others		(4,242	)		(814	)		1,069			(3,987	)
	$	(51,427	)	$	(8,016	)	$	1,229		$	(58,214	)
	$	47,996								$	48,264

Six months ended June 30, 2023
Cost	Opening balance			Additions			Reductions		Ending balance
Machinery	$	106,944		$	6,748		$	-	$	113,692
Others		31,559			502			-		32,061
	$	138,503		$	7,250		$	-	$	145,753
Accumulated depreciation
Machinery	$	(57,437	)	$	(5,938	)	$	-	$	(63,375	)
Others		(26,190	)		(1,266	)		-		(27,456	)
	$	(83,627	)	$	(7,204	)	$	-	$	(90,831	)
	$	54,876							$	54,922

Schedule of Other Non-Current Assets

Other non-current assets

	June 30, 2024		December 31, 2023		June 30, 2023
Prepayments for equipment	$	5,418	$	1,222	$	1,222
Refundable deposit		5,765		5,785		5,785
Others		-		-		7
	$	11,183	$	7,007	$	7,014

Schedule of Right-of-Use Assets at Carrying Value and Depreciation Charge

The carrying amount of right-of-use assets and the depreciation charge are as follows:

	June 30, 2024		December 31, 2023		June 30, 2023
	Carrying amount		Carrying amount		Carrying amount
Buildings	$	6,822	$	6,814	$	10,676
Transportation equipment (Business vehicles)		2,202		660		1,773
	$	9,024	$	7,474	$	12,449

	Six months ended		Six months ended
	June 30, 2024		June 30, 2023
	Depreciation charge		Depreciation charge
Buildings	$	4,218	$	3,862
Transportation equipment (Business vehicles)		945		1,114
	$	5,163	$	4,976

Schedule of Information on Profit and Loss Accounts Relating to Lease Contracts

The information on profit and loss accounts relating to lease contracts is as follows:

	2024		2023
Items affecting profit or loss
Interest expense on lease liabilities	$	93	$	124

Schedule of Short-Term Borrowings

Short-term borrowings

Type of borrowings	June 30, 2024		Interest rate range	Collateral
Bank borrowings
Secured borrowings	$	90,000	1.94%~2.55%	Time deposits, Credit Guarantee Fund

Type of borrowings	December 31, 2023		Interest rate range	Collateral
Bank borrowings
Secured borrowings	$	90,000	1.81%~2.43%	Time deposits, Credit Guarantee Fund

Type of borrowings	June 30, 2023		Interest rate range	Collateral
Bank borrowings
Secured borrowings	$	82,000	1.85%	Time deposits
Unsecured borrowings		8,000	2.43%
	$	90,000

Schedule of Long-Term Borrowings

Long-term borrowings

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	June 30, 2024
Long-term bank borrowings
Secured borrowings	Borrowing period is from December 5, 2022 to December 5, 2027; interest is repayable monthly.	2.28%	(Note 2)	$	11,060
Unsecured borrowings	Borrowing period is from August 21, 2020 to October 18, 2028; interest is repayable monthly.	2.13%~2.22%	(Note 1)		36,833
					47,893
Less: Current portion					(10,910	)
				$	36,983

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	December 31, 2023
Long-term bank borrowings
Secured borrowings	Borrowing period is from December 5, 2022 to December 5, 2027; interest is repayable monthly.	2.15%	(Note 2)	$	12,640
Unsecured borrowings	Borrowing period is from August 21, 2020 to October 18, 2028; interest is repayable monthly.	1.81%~2.10%	(Note 1)		37,833
					50,473
Less: Current portion					(13,785	)
				$	36,688

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	June 30, 2023
Long-term bank borrowings
Secured borrowings	Borrowing period is from December 5, 2022 to December 5, 2027; interest is repayable monthly.	2.15%	(Note 2)	$	14,220
Unsecured borrowings	Borrowing period is from August 21, 2020 to June 29, 2026; interest is repayable monthly.	2.00%~2.20%	(Note 1)		43,270
					57,490
Less: Current portion					(19,817	)
				$	37,673

Schedule of Movements in Number Ordinary Shares Outstanding

Movements in the number of the Company’s ordinary shares outstanding are as follows:

		2024				2023
At June 30		$	28,151			$	28,151

Schedule of Capital Surplus

	2024
	Share premium		Employee restricted shares		Total
At June 30	$	32,416	$	13,949	$	46,365

	2023
	Share premium		Employee restricted shares		Total
At June 30	$	32,416	$	13,949	$	46,365

Schedule of Legal Reserves and Dividend Distribution

On June 30, 2023, the stockholders resolved the distribution of 2022 earnings as follows:

	Year ended December 31, 2022
	Amount		Dividend per share (NT$)
Legal reserve	$	452
Cash dividends		-	$	-
	$	452

Schedule of Operating Revenue

Operating revenue

	Six months ended June 30, 2024		Six months ended June 30, 2023

Revenue from contracts with customers	$	16,226	$	15,262

Schedule of Disaggregation of Revenue from Contracts with Customers

The Company derives revenue from the transfer of goods and services over time and at a point in time in the following major product lines and geographical regions:

	Mainland China				Taiwan				Germany		Others
Six months ended June 30, 2024	Optical filter		Optical filter module		Optical filter		Others- QLED		Optical filter		Optical filter		Total
Revenue from external customer contracts	$	4,433	$	4,486	$	241	$	718	$	5,620	$	728	$	16,226
Timing of revenue recognition At a point in time	$	4,433	$	4,486	$	241	$	718	$	5,620	$	728	$	16,226

	Mainland China				Taiwan				Germany		Others
Six months ended June 30, 2024	Optical filter		Optical filter module		Optical filter		Others- QLED		Optical filter		Optical filter		Total
Revenue from external customer contracts	$	6,796	$	1,575	$	491	$	746	$	4,405	$	1,249	$	15,262
Timing of revenue recognition At a point in time	$	6,796	$	1,575	$	491	$	746	$	4,405	$	1,249	$	15,262

Schedule of Revenue-Related Contract Liabilities

The Company has recognised the following revenue-related contract liabilities:

		June 30, 2024				December 31, 2023				June 30, 2023				January 1, 2023
Contract liabilities		$	177			$	99			$	-				-

Schedule of Revenue Recognised and Included in Contract Liability

Revenue recognised that was included in the contract liability balance at the beginning of the period

		Six months ended June 30, 2024				Six months ended June 30, 2023
Revenue recognised that was included in the contract liability balance at the beginning of the period		$	99			$	-

Schedule of Interest Income

Interest income

	Six months ended June 30, 2024		Six months ended June 30, 2023

Interest income from bank deposits	$	6,210	$	7,277
Other interest income		23		39
	$	6,233	$	7,316

Schedule of Other Income

Other income

	Six months ended June 30, 2024		Six months ended June 30, 2023

Government grants	$	326	$	63
Other income		142		267
	$	468	$	330

Schedule of Other Gains and Losses

Other gains and losses

	Six months ended June 30, 2024			Six months ended June 30, 2023

Foreign exchange gains	$	14,389		$	3,732
Miscellaneous disbursements		(59	)		(1	)
	$	14,330		$	3,731

Schedule of Finance Costs

Finance costs

	Six months ended June 30,		Six months ended June 30,
	2024		2023
Interest expense
Bank borrowings	$	1,387	$	1,542
Lease liabilities		93		124
	$	1,480	$	1,666

Schedule of Expenses by Nature

Expenses by nature

	Six months ended June 30, 2024
	Operating Cost		Operating Expense		Total
Employee benefit expense	$	9,183	$	21,628	$	30,811
Depreciation charges on property, plant and equipment		8,993		4,186		13,179
	$	18,176	$	25,814	$	43,990

	Six months ended June 30, 2023
	Operating Cost		Operating Expense		Total
Employee benefit expense	$	9,399	$	14,071	$	23,470
Depreciation charges on property, plant and equipment		8,149		4,031		12,180
	$	17,548	$	18,102	$	35,650

Schedule of Employee Benefit Expense

Employee benefit expense

	Six months ended June 30, 2024
	Operating Cost		Operating Expense		Total
Wages and salaries	$	7,557	$	18,872	$	26,429
Employee stock options		829		1,459		2,288
Pension costs		413		811		1,224
Other personnel expenses		384		486		870
	$	9,183	$	21,628	$	30,811

	Six months ended June 30, 2023
	Operating Cost		Operating Expense		Total
Wages and salaries	$	7,692	$	10,803	$	18,495
Employee stock options		872		1,099		1,971
Pension costs		426		599		1,025
Other personnel expenses		409		1,570		1,979
	$	9,399	$	14,071	$	23,470

Schedule of Components of Income Tax Expense

Components of income tax expense:

	Six months ended June 30,			Six months ended June 30,
	2024			2023
Current tax:
Current tax on profits for the period	$	-		$	-
Total current tax		-			-
Deferred tax:
Origination and reversal of temporary differences		(114	)		(304	)
Income tax benefit	$	(114	)	$	(304	)

Schedule of Losses Per Share

Losses per share

	Six months ended June 30, 2024
				Weighted average
				number of ordinary
	Amount after tax			shares outstanding (share in thousands)		Losses per share (in dollars)
Basic/Diluted losses per share
Loss attributable to ordinary shareholders of the parent	$	(35,711	)		28,151	$	(1.27	)

	Six months ended June 30, 2023
				Weighted average
				number of ordinary
	Amount after tax			shares outstanding (share in thousands)		Losses per share (in dollars)
Basic/Diluted losses per share
Loss attributable to ordinary shareholders of the parent	$	(22,498	)		28,151	$	(0.80	)

Schedule of Investing Activities with Partial Cash Payments

Investing activities with partial cash payments

	Six months ended June 30, 2024			Six months ended June 30, 2023
Purchase of property, plant and equipment	$	8,284		$	7,250
Add: Opening balance of payable on equipment		267			535
Add: Opening balance of prepayment for equipment		5,418			1,222
Less: Ending balance of payable on		(446	)		(13	)
Less: Ending balance of prepayment on equipment		(1,222	)		(1,890	)
Cash paid during the period	$	12,301		$	7,104

Schedule of Changes in Liabilities from Financing Activities

Changes in liabilities from financing activities

	Short-term borrowings		Lease liability			Long-term borrowings (including those matured within one year)			Liabilities from financing activities- gross
At January 1, 2024	$	90,000	$	7,003		$	50,473		$	147,476
Changes in cash flow from financing activities		-		(4,988	)		(2,580	)		(7,568	)
Changes in other non-cash items		-		6,806			-			6,806
At June 30, 2024	$	90,000	$	8,821		$	47,893		$	146,714

	Short-term borrowings			Lease liability			Long-term borrowings (including those matured within one year)			Liabilities from financing activities- gross
At January 1, 2023	$	108,370		$	5,873		$	68,767		$	183,010
Changes in cash flow from financing activities		(18,370	)		(5,160	)		(11,277	)		(34,807	)
Changes in other non-cash items		-			11,370			-			11,370
At June 30, 2023	$	90,000		$	12,083		$	57,490		$	159,573

Semilux International Ltd. 6-K