A Dark Vector Cognition product

Item 2. PROPERTIES

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Item 2. PROPERTIES

Manufacturing and other operations are conducted in several locations worldwide. The following tables provide certain information about our significant general offices and manufacturing facilities:

PropertiesApproximate
Owned:UseTotal Sq. Ft.
Cavite, PhilippinesWafer probe and testing, warehouse, engineering and administrative offices832,000 sq. ft.
Wilmington, MACorporate headquarters, wafer fabrication, testing, engineering, sales, marketing and administrative offices818,000 sq. ft.
Limerick, IrelandWafer fabrication, wafer probe and testing, warehouse and distribution, engineering and administrative offices632,000 sq. ft.
Milpitas, CAWafer fabrication, test and assembly; warehouse and distribution; engineering, sales, marketing and administrative offices427,000 sq. ft.
Singapore (1)Wafer test and packaging, warehouse and distribution, engineering, sales and administrative offices384,000 sq. ft.
Penang, Malaysia (2)Assembly and engineering offices, employee parking350,000 sq. ft.
Chelmsford, MAFinal assembly of certain module and subsystem-level products, testing, engineering and administrative offices174,000 sq. ft.
Camas, WAWafer fabrication105,000 sq. ft.
Greensboro, NCProduct testing, engineering and administrative offices99,000 sq. ft.

(1)We are planning to transition testing operations currently handled in our Singapore facility to our facilities in Penang, Malaysia and the Philippines and also to our outsourced assembly and test partners. As a result, this property is classified as held for sale as of October 31, 2020. Leases on the land used for this facility will also be transferred as part of the sale. For further information concerning our held for sale assets, see Note 2e, Property, Plant and Equipment, of the Notes to Consolidated Financial Statements contained in Part II, Item 8 of this Annual Report on Form 10-K.

(2)Leases on the land used for this facility expire in 2054 through 2057.

Lease
PropertiesApproximateTermination
Leased:UseTotal Sq. Ft.(fiscal year)Renewals
Santa Clara, CAEngineering, sales, marketing and administrative offices445,000 sq. ft.20302, five-yr. periods
Bangalore, IndiaEngineering and administrative offices175,000 sq. ft.20271, five-yr. period
Norwood, MAEngineering, sales, marketing and administrative offices130,000 sq. ft.20222, five-yr. periods
Greensboro, NCEngineering and administrative offices51,000 sq. ft.20241, five-yr. period
Shanghai, ChinaEngineering, sales and administrative offices59,000 sq. ft.20211, three-yr. period
Beijing, ChinaEngineering and sales offices58,000 sq. ft.20213, one- to three-yr. periods

In addition to the properties listed in the above tables, we also own or lease a number of other facilities in various locations in the United States and internationally that are used for manufacturing, engineering, sales and marketing and administration activities. Leases for these leased facilities expire at various dates through the year 2030. We do not anticipate experiencing significant difficulty in retaining occupancy of any of our facilities through lease renewals prior to expiration or through month-to-month occupancy, or in replacing them with equivalent facilities. For information concerning our obligations under all operating leases, see Note 9, Leases, of the Notes to Consolidated Financial Statements contained in Part II, Item 8 of this Annual Report on Form 10-K.

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