Penguin Solutions, Inc. 10-K

Item 2. Properties Our U.S. headquarters are located in Milpitas, California. We own or lease various facilities described below for our design, manufacture, research and development and sales and marketing activities. We believe that our existing facilities are suitable and adequate for our present purposes. The following is a summary of our principal facilities as of October 8, 2021: Location Size (1) Leased or Owned Lease Expiration Logistics Services Manufacturing Procurement R&D Sales Supply Chain Services Atibaia, Brazil 87 Leased Jun 2032 X X 53 Leased Oct 2027 X X X Durham, NC 58 Leased Feb 2023 X X X Fremont, CA 44 Leased Jul 2030 X X X 42 Leased Dec 2030 X X X Huizhou, China (2) 824 Owned N/A X X X Huntington Beach, CA 58 Leased Jan 2025 X Manaus, Brazil 48 Leased Dec 2030 X X X Milpitas, CA 21 Leased Sep-31 Newark, CA 79 Leased Apr 2023 X X X X X 30 Leased Feb 2022 X Penang, Malaysia (3) 87 Owned N/A X X X X X 26 Leased Jul 2022 X X 26 Leased Sep 2022 X Tempe, AZ 93 Leased Dec 2024 X X (1) Stated in thousand square feet. (2) Our Huizhou, China facility is located on leased land with a term expiring in 2082. (3) Our Penang, Malaysia facility is situated on leased land with a term expiring in 2070. In addition to the principal facilities in the table above, we lease additional facilities in the United States, China, Hong Kong, India, Scotland, South Korea and Taiwan. 44 Item 3. Legal Proceedings For a discussion of legal proceedings, see “Item 1A. Risk Factors” and “PART II – Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Commitments and Contingencies.” Item 4. Mine Safety Disclosures Not applicable. 45 PART II