Item 2. Properties
ITEM 2. PROPERTIES
We are headquartered in Palo Alto, California and our primary warehouse is located in Malaysia. We conduct our administration, manufacturing, research and development, sales and marketing in both owned and leased facilities. We believe that our owned and leased facilities are adequate for our present operations. We do not identify or allocate assets by operating segment.
As of November 2, 2025, our owned and leased facilities in excess of 100,000 square feet consisted of:
(In square feet) United States Other Countries Total
Owned facilities (a)
2,919,706 928,888 3,848,594
Leased facilities (b)
735,706 1,881,685 2,617,391
Total facilities 3,655,412 2,810,573 6,465,985
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(a) Includes 318,000 square feet and 153,000 square feet of property in Malaysia subject to a 60-year land lease with the state authority expiring in May 2051 and March 2077, respectively, subject to renewal at our option. Also includes 561,000 square feet of property in Palo Alto, California subject to a 40-year land lease with the Stanford University Board of Trustees expiring in May 2046 that does not have a renewal option.
(b) Building leases expire on varying dates through February 2046 and generally include renewals at our option.
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