FORMFACTOR INC
For the period ended Dec 30, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. : Properties
Our corporate headquarters, which includes sales, marketing, administration, manufacturing, engineering, and research and development facilities, is located in Livermore, California, United States. Our corporate headquarters comprises a campus of five buildings totaling approximately 259,000 square feet. We presently lease four of the buildings and own one of the buildings. Adjacent to our campus we own approximately 6 acres of vacant land for future expansion. In addition, we lease office, repair and service, manufacturing and/or research and development space both inside and outside of the United States. The leases expire at various times through 2034. We believe that our existing and planned facilities are suitable for our current needs.
Information concerning our properties as of December 30, 2023 is set forth below:
| Location | Principal Use | Segment | SquareFootage | Ownership |
|---|---|---|---|---|
| Livermore, California, United States | Manufacturing | Probe Cards | 90,508 | Owned |
| Livermore, California, United States | Corporate headquarters, sales, marketing, administration, product design, manufacturing, service and repair, distribution, research and development | All | 168,636 | Leased |
| Thiendorf, Germany | Sales, marketing, administration, manufacturing, service and repair, distribution, research and development | Systems | 101,291 | Leased |
| Beaverton, Oregon, United States | Sales, marketing, administration, product design, manufacturing, service and repair, distribution, research and development | Probe Cards | 101,205 | Leased |
| Baldwin Park, California, United States | Manufacturing, service and repair, distribution, research and development | Probe Cards | 44,000 | Leased |
| Boulder, Colorado, United States | Sales, marketing, administration, manufacturing, distribution, research and development | Systems | 34,133 | Leased |
| Carlsbad, California, United States | Sales, product design, administration, manufacturing, service and repair, distribution, research and development | Probe Cards | 42,080 | Leased |
| Woburn, Massachusetts, United States | Sales, marketing, administration, manufacturing, distribution, research and development | Systems | 26,070 | Leased |
| Jubei City, Hsinchu, Taiwan | Sales, administration, product design, field service and repair center | All | 25,631 | Leased |
| Singapore | Sales, administration, product design, service, and field service | All | 24,413 | Leased |
| Suzhou, China(1) | Sales, marketing, administration, product design, manufacturing, service and repair, distribution, research and development | All | 22,777 | Leased |
| San Jose, California, United States | Sales, marketing, and distribution | Systems | 21,489 | Leased |
| Bundang, South Korea | Sales, administration, product design, field service, and repair center | All | 17,161 | Leased |
| Yokohama City, Japan | Sales, marketing, administration, product design, manufacturing, service and repair, distribution, research and development | All | 16,150 | Leased |
| Munich, Germany | Sales, manufacturing, administration, service and repair, distribution, research and development | Systems | 18,786 | Leased |
| Shanghai, China(1) | Sales and service | All | 3,348 | Leased |
| Dresden, Germany | Sales and service | All | 2,960 | Leased |
| Hiroshima, Japan | Repair center | Probe Cards | 1,007 | Leased |
(1) On February 7, 2024, the Company signed an agreement with Grand Junction Semiconductor Pte. Ltd. to divest its China operations. These leased locations are to be included as part of the divestiture. See Note 19 of the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.