Item 2. Properties
Item 2. Properties
Our corporate headquarters, primary research and development operations, and primary manufacturing operations are located within the Durham, North Carolina facilities that we own and sit on 141 acres of owned land.
Our power and RF products (Wolfspeed segment) are primarily produced at our owned manufacturing facility located in Research Triangle Park, North Carolina, which sits on 55 acres of owned land. Additionally, these products are produced at leased facilities in Morgan Hill, California and Ipoh, Malaysia.
We are currently building a new silicon carbide fabrication facility on 55 acres of leased land in Marcy, New York, to expand capacity for our silicon carbide device business. When complete, the facility will be a significant production facility for the Wolfspeed segment.
Products for our LED Products segment are produced at our owned manufacturing facilities located in Huizhou, Guangdong Province, China. We also own dormitories for housing our employees that are located near and adjacent to the owned manufacturing facilities. The owned manufacturing facilities, dormitories and support buildings are located on land that is leased from the Chinese government through two leases. The first land lease is for 12 acres that expires in June 2057 and supports the manufacturing facilities. The second land lease is for five acres that expires in December 2082 and is used for dormitory buildings.
We also maintain manufacturing, sales and support offices in leased office premises in North America, Asia, and Europe.
Details on our significant owned and leased facilities as of June 28, 2020 are as follows:
Location Segment(s) Principal Use Approximate square footage
Owned Facilities
Durham, NC Wolfspeed/LED Products Administrative, Production and R&D 1,482,000
Research Triangle Park, NC Wolfspeed Production 187,000
Huizhou, China LED Products Production and Housing 824,000
Leased Facilities
Morgan Hill, CA Wolfspeed Production 84,000
Ipoh, Malaysia Wolfspeed Production 26,000
Fayetteville, AR Wolfspeed R&D 38,000
Hong Kong Wolfspeed/LED Products Administrative 30,000
Item 3. Legal Proceedings
The information required by this item is set forth under Note 16, “Commitments and Contingencies,” in our consolidated financial statements included in Item 8 of this Annual Report, and is incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable.
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Table of Contents
PART II
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