Item 2. Properties
Item 2.
Properties
We maintain manufacturing, research and development, sales and administrative offices in the U.S., China and Taiwan. Our corporate headquarters is located at our facility in Sugar Land, Texas. The table below provides information regarding our facilities.
Owned or Lease
Approximate
Location
Expiration Date
Square Footage
Use
Sugar Land, Texas
Owned (1)
139,450
Administration, sales, manufacturing, research and development
Duluth, Georgia
Leased (2)
10,459
Sales, research and development
Ningbo, China
Owned (3)
458,849
Administration, sales, manufacturing, research and development
Taipei, Taiwan
November 30, 2039 (4)
305,459
Administration, sales, manufacturing, research and development
(1)
We manufacture laser chips (utilizing our MBE and MOCVD process), subassemblies and components in our Sugar Land, Texas facility.
(2)
In our Georgia facility, we have sales and research and development for CATV market. T he lease covering the 2,932 square feet facility will expire October 31, 2025 and the lease covering the 7,527 square feet will expire December 31, 2025.
(3)
In our China facility, we manufacture certain more labor intensive components and optical equipment systems, such as optical subassemblies and transceivers for the CATV transmitters (at the headend), CATV outdoor equipment (at the node) and internet data center market. Our China subsidiary acquired the land use rights to the real property on which our current facility is located from the Chinese government. Such land use rights expire on October 7, 2054. Our China subsidiary owns the facility located on such real property. Our China subsidiary also obtained from the Chinese government the land use rights to a second real property located within a close proximity to our current facility. The land use rights for the second real property expire on December 28, 2067.
(4)
In our Taiwan location, we manufacture optical components, such as our butterfly lasers, which incorporate laser chips, subassemblies and components manufactured within our Sugar Land facility. In addition, in our Taiwan location, we manufacture transceivers for the internet data center market, telecom, FTTH and other markets. We also manufacture CATV outdoor equipment in our Taiwan location. The lease covering the Taiwan facility commenced on June 1, 2014 and expires on May 31, 2029.
On October 7, 2024, we entered into a Land and Building Lease Agreement to lease approximately 3,537 square meters of two adjoining parcels of land, in New Taipei City. The lease also includes a building on these parcels, totaling approximately 3,406 square meters. The lease term is for fifteen years, commencing on December 1, 2024, and ending on November 30, 2039.