Item 2. Properties
Item 2. Properties
The location and size of our manufacturing and research and development facilities are set forth in the table below. All facilities are owned unless otherwise specified. Generally, our facilities are collateral for indebtedness incurred by our subsidiary for the jurisdiction in which the facilities are located.
Approximate Facility Size
(Square Feet)
Owned Leased Total
China (1) 1,398,000 — 1,398,000
Japan 1,488,000 285,000 1,773,000
Korea 4,440,000 — 4,440,000
Malaysia (1) 386,000 — 386,000
Philippines (2) 765,000 557,000 1,322,000
Portugal 519,000 — 519,000
Taiwan (1) 1,100,000 16,000 1,116,000
Vietnam (1) (3) 1,181,000 — 1,181,000
Total all facilities 11,277,000 858,000 12,135,000
(1) Land is leased.
(2) As a result of foreign ownership restrictions in the Philippines, the land is leased. A portion of the land we lease is owned by realty companies in which we own a 40% interest.
(3) In October 2023, we completed construction for the first phase of the Vietnam Facility. High-volume manufacturing is expected to begin in the second half of 2024.
Our executive offices, which are leased, are located in Tempe, Arizona and Singapore. We believe that our existing properties are in good condition and suitable for the conduct of our business and that the productive capacity of such properties is substantially being utilized or we have plans to utilize it.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.