Item 2. Properties
Item 2. Properties
Our corporate headquarters are in a leased facility located in Fremont, California
ACM Shanghai's mainland China headquarters includes four company-owned buildings located in Shanghai's ZhangJiang Science City, where ACM Shanghai conducts sales, marketing, R&D and administrative activities. Additional research and development, service support and administrative activities are conducted at a multi-story leased facility also in Shanghai's ZhangJiang Science City.In addition, we perform sales support, customer service operations, R&D, and/ or production activities from leased facilities in Beijing, Chengdu, Jiangyin and Wuxi in mainland China and in Jinwi, Gwangju, Baekam, and Seongnam in Korea.
ACM Shanghai, through ACM Lingang, conducts manufacturing, warehousing and R&D operations at its R&D and Production Center in the Lingang region of Shanghai. Th e five-building complex comprises more than 1,485,000 square foot of floor space in aggregate, and incorporates state-of-the-art manufacturing systems and automation technologies.
ACM Shanghai leases several facilities totaling more than 200,000 square feet, which are located in the Chuansha area of Shanghai and are used for R&D, production and warehousing.
In connection with the Lingang facility project, on October 28, 2020, a wholly owned subsidiary of ACM Lingang entered into Shanghai Public Rental Housing Overall Pre-Sale Contracts with Shanghai Lingang Industrial Zone Public Rental Housing Construction and Operation Management Co., Ltd. for an aggregate price to us of approximately $40 million. ACM Lingang’s subsidiary received ownership of the apartment units and corresponding land use rights in January 2022 as part of a pilot project of public rental housing in the “rent before sale” park in the Lingang Industrial Zone. The contracts stipulate that, for a ten-year term, ACM Lingang’s subsidiary is obligated to manage the apartment units for public rental use in accordance with public rental housing standards and must rent the apartment units to employees of ACM Shanghai and its subsidiaries who work in the Lingang Industrial Zone. After that ten-year period expires, ACM Lingang’s subsidiary may use the apartment units as stock of commercial housing and may sell them separately in sets.
We also lease a 10,683 square foot facility in Hillsborough, Oregon, which is used for our U.S.-based sales and services team to support customer activities in the region.
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On October 1, 2024, we acquired a commercial facility, comprised of 39,500 square foot total floor space and which includes a 5,200 square foot functional clean room, for a price of $7.75 million. This facility is located in the City of Hillsboro in Oregon, and we have begun investments to expand our research and development, production, and demonstration capabilities in the United States market.
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