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.
Approximate Facility Size
(Square Feet)
Owned Leased Total
China (1) 1,398,000 — 1,398,000
Japan (2) 1,489,000 286,000 1,775,000
Korea (2) 4,481,000 — 4,481,000
Malaysia (1) 434,000 — 434,000
Philippines (3) 765,000 557,000 1,322,000
Portugal 583,000 — 583,000
Taiwan (1) 1,161,000 12,000 1,173,000
Vietnam (1) 1,467,000 — 1,467,000
Total all facilities 11,778,000 855,000 12,633,000
(1) Land is leased.
(2) Certain facilities and land are pledged as collateral in Japan for indebtedness incurred and in Korea for certain government incentives.
(3) 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.
During 2025, we began construction of the first phase of the Arizona Facility, which will have approximately 1.8 million square feet of space. Manufacturing is expected to begin in the first half of 2028.
Our executive offices, which are leased, are located in 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.