other_material
confidence high
sentiment neutral
materiality 0.60
Applied Optoelectronics subsidiary signs 15-year lease for Taiwan facility
APPLIED OPTOELECTRONICS, INC.
- Subsidiary Prime World leases 10,040 sqm land and 12,226 sqm building in Taoyuan, Taiwan for 15 years.
- Monthly rent starts at NTD 2.35M (approx $72,600) with 3% escalation every three years.
- Security deposit of NTD 4.7M; rent-free renovation period from June to August 2025.
- AAOI gains rights of first refusal to purchase or renew the leased property.
- Lease commences Sept 1, 2025, ending Aug 31, 2040; early termination generally prohibited.
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