Item 2. PROPERTIES

Information regarding our principal properties as of June 30, 2017 is set forth below:



Location	Type	Principal Use	Square Footage	Ownership
Milpitas, CA	Office, plant and warehouse	Principal Executive Offices, Research, Engineering, Marketing, Manufacturing, Service and Sales Administration	727,302	Owned

Westwood, MA(1)	Office and plant	Engineering, Marketing, Manufacturing and Service	116,908	Leased

Leuven, Belgium(1)	Office, plant and warehouse	Engineering, Marketing and Service and Sales Administration	60,654	Owned

Shenzhen, China	Office and plant	Sales, Service and Manufacturing	47,840	Leased

Shanghai, China	Office	Research, Service and Sales Administration	58,109	Leased

Weilburg, Germany	Office and plant	Engineering, Marketing, Manufacturing, Service and Sales Administration	138,119	Leased

Chennai, India	Office	Engineering	46,351	Leased

Chennai, India	Office	Engineering	33,366	Owned

Migdal Ha’Emek, Israel	Office and plant	Research, Engineering, Marketing, Manufacturing, Service and Sales Administration	191,982	Owned

Yokohama, Japan	Office and warehouse	Sales and Service	35,531	Leased

Serangoon, Singapore(2)	Office and plant	Sales, Service and Manufacturing	248,155	Owned

Hsinchu, Taiwan	Office	Sales and Service	73,676	Leased


(1)	Portions of this property are sublet, are vacant and marketed to sublease, or are leased to third parties.


(2)	We own the building at our location in Serangoon, Singapore, but the land on which this building resides is leased.

As of June 30, 2017, we owned or leased a total of approximately 2.1 million square feet of space worldwide, including the locations listed above and office space for smaller sales and service offices in several locations throughout the world. Our operating leases expire at various times through November 7, 2028, subject to renewal, with some of the leases containing renewal option clauses at the fair market value, for additional periods up to five years. Additional information regarding these leases is incorporated herein by reference to Note 13, “Commitments and Contingencies” to the consolidated financial statements. We believe our properties are adequately maintained and suitable for their intended use and that our production facilities have capacity adequate for our current needs.

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