Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 68

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 68
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 JV Company as an equity method investment and reports its equity in earnings or loss of the JV Company on a three-month lag due to an inability to timely obtain financial information of the JV Company.  During the three and nine months ended March 31, 2025, the Company recorded a $0.3 million loss and $1.8 million loss of its equity share of the JV Company, respectively, using lag reporting.  During the three and nine months ended March 31, 2024, the Company recorded a $0.7 million loss and $4.1 million loss, respectively, of its equity share of the JV Company, using lag reporting. 

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

3. Related Party Transactions

As of March 31, 2025, the Company owned a 39.2% equity interest in the JV Company, which, by definition, is a related party to the Company.  The JV Company supplies 12-inch wafers and provides assembly and testing services to AOS.  AOS previously sold 8-inch wafers to the JV Company for further assembly and testing services until January 1, 2023, when it changed to consigning the 8-inch wafers to the JV Company.  Due to the right of offset of receivables and payables with the JV Company, as of March 31, 2025, AOS recorded the net amount of $19.6 million as payable related to equity investee, net, in the Condensed Consolidated Balance Sheet.  The purchases by AOS for the three and nine months ended March 31, 2025 were $25.9 million and $82.4 million, respectively, and the sales by AOS for the three and nine months ended March 31, 2025 were $2.0 million and $7.3 million, respectively.  The purchases by AOS for the three and nine months ended March 31, 2024 were $22.4 million and $80.8 million, respectively, and the sales by AOS for the three and nine months ended March 31, 2024 were $2.6 million and $6.3 million, respectively.

13

ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSE