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Formfactor Inc - FORM STOCK NEWS

Welcome to our dedicated page for Formfactor news (Ticker: FORM), a resource for investors and traders seeking the latest updates and insights on Formfactor stock.

Overview of FormFactor Inc

FormFactor Inc (NASDAQ: FORM) is a specialist in semiconductor test and measurement technologies, focusing on the entire integrated circuit (IC) lifecycle. The company offers a broad suite of products and services designed to facilitate probe cards, analytical probes, probe stations, and thermal subsystems that are indispensable for characterization, modeling, reliability analysis, design de-bug, qualification, and production testing. With a global network of facilities across Asia, Europe, and North America, FormFactor has established a robust presence that supports semiconductor manufacturers in enhancing device performance and optimizing yield knowledge.

Core Business Segments and Offerings

The business is strategically segmented into two primary areas: the Probe Cards Segment and the Systems Segment. The Probe Cards Segment, which is central to its revenue generation, encompasses the design, development, and sales of probe cards and analytical probes. These are critical components used during the testing phases of semiconductor fabrication, ensuring that devices perform reliably under multiple conditions. The Systems Segment incorporates probe stations and thermal sub-systems that offer comprehensive testing solutions and rapid measurement capabilities, making these products essential tools in the optimization of semiconductor production processes.

Technological Leadership and Innovation

FormFactor has built a reputation through its commitment to technological innovation, addressing the complexities of semiconductor production with precision and expertise. The company’s solutions are designed to adapt to various testing needs, from early-stage development to full-scale production. Industry-specific innovations include the integration of high-density cryogenic cabling for quantum systems and advanced optical measurement capabilities that combine traditional electrical testing with state-of-the-art photonic analysis. By leveraging expertise in calibration, motion technology, and rapid optical alignment, FormFactor underscores its role in driving efficient, reliable, and scalable test methodologies.

Global Presence and Market Penetration

Operating through a worldwide network, FormFactor serves semiconductor manufacturers across diverse geographical markets. Its extensive facility network not only augments local support but also provides tailored solutions that resonate with the unique market conditions in Asia, Europe, and North America. This strategic global presence ensures that FormFactor remains responsive to regional trends and demand fluctuations in the semiconductor industry while consistently upholding its reputation for reliability and performance.

Competitive Landscape and Differentiators

Within a competitive terrain that includes several major players in the semiconductor testing arena, FormFactor differentiates itself through a clear focus on end-to-end testing solutions. Its product portfolio, which covers everything from initial characterization and design de-bug to production testing, provides comprehensive support throughout the semiconductor lifecycle. This integrated approach not only enhances the precision and efficiency of testing processes but also enables customers to accelerate profitability by optimizing device performance. Furthermore, the company’s sustained investment in advanced measurement techniques and its alignment with emerging areas such as quantum computing and silicon photonics demonstrate a commitment to staying at the forefront of technological evolution.

Advanced Test Solutions and Industry Integration

FormFactor’s test systems are engineered to accommodate the evolving demands of semiconductor manufacturing. Their solutions, including advanced probe stations and thermal sub-systems, enable manufacturers to conduct high-precision evaluations of device performance under various operational conditions. The incorporation of optical and electrical testing methods allows for seamless transition between different analytical requirements, significantly reducing downtime during production cycles. This multifaceted approach enhances operational efficiency by ensuring that every stage of the IC lifecycle—from early development to mass production—is supported with accurate, reliable measurements.

Expertise and Analytical Insights

What sets FormFactor apart is its deep industry expertise and the trust it has built among its global clientele. The rigorous methodologies utilized for characterizing and qualifying semiconductors are a testament to the company’s commitment to quality and technological rigor. The use of advanced instrumentation and precisely engineered test solutions has made FormFactor a preferred partner for semiconductor companies seeking to improve production yields and optimize design performance. Such emphasis on measurement accuracy and process efficiency not only validates the company's strategic positioning but also underscores its role as a knowledge leader in the semiconductor testing domain.

Market Position and Strategic Advantages

FormFactor’s sustained focus on comprehensive test and measurement solutions has positioned it as a reliable resource within the semiconductor industry. Its robust portfolio, technological innovations, and emphasis on quality and accuracy give it a distinct advantage in capturing market share and supporting high-value semiconductor applications. Moreover, its adaptability to shifting industry needs and the integration of disruptive technologies such as high-density cryogenic cabling illustrate a forward-thinking approach rooted in practical expertise and extensive market research.

Operational Excellence and Customer Focus

Customers from a variety of semiconductor manufacturing niches rely on the precision and dependability of FormFactor’s solutions. The company’s products and services are anchored in a deep understanding of the semiconductor production process, which facilitates tailored, reliable testing protocols that directly contribute to improved production yields and enhanced product performance. This operational excellence is achieved through continuous innovation and dedication to developing solutions that not only meet but exceed industry standards, fostering long-term relationships based on trust and mutual success.

Integration with Advanced Technologies

In response to the accelerating pace of technological advancements, FormFactor has incorporated advanced features into its product lineup. The collaboration with partners in the fields of optics and quantum computing has resulted in systems that support high channel densities and precise, rapid measurements. These enhancements are particularly relevant for modern semiconductor manufacturers who are increasingly dependent on automated and high-performance test systems to keep pace with the rapidly evolving technological landscape. This strategic integration ensures that FormFactor remains versatile and capable of meeting both current and emerging market requirements.

Conclusion

In summary, FormFactor Inc is a pivotal player in the semiconductor test and measurement sector. Its comprehensive range of products and services, strategic global presence, and continuous drive for technological innovation establish it as a trusted partner for semiconductor companies worldwide. By offering solutions that cover the full lifecycle of semiconductor production, from early development to full-scale manufacturing, FormFactor not only reinforces its market significance but also contributes to the broader advancement of semiconductor technology. The company’s dedication to precision, efficiency, and reliable measurement continues to provide critical support to a dynamic and competitive industry.

Rhea-AI Summary

FormFactor (NASDAQ: FORM) has launched the EVOLVITY™ 300, a new semi-automated engineering wafer probe system complementing their CM300 product line. The system is specifically designed for RF/DC modeling and device characterization, featuring a compact and user-friendly design.

The EVOLVITY 300 builds upon the Cascade S300 and Elite systems legacy, offering standard features for quick deployment and ease of use. Key features include a mechanical platen lift for enhanced safety, compatibility with FormFactor's Autonomous RF and DC measurement assistants, reconfigurable platen inserts, and a spacious platen design supporting various test configurations.

According to Jens Klattenhoff, VP and GM of the Systems Business Unit, the system was designed with simplicity in mind, featuring intuitive interface and streamlined processes to reduce setup time and complexity.

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FormFactor (NASDAQ: FORM) has announced a significant expansion of its Taiwan Service Center, doubling its cleanroom space and adding office areas. The strategic investment aims to enhance local capabilities and customer support across Asia, particularly focusing on advanced packaging technologies for AI, HPC, mobile, and automotive applications.

The expanded facility will streamline repair turnaround times and increase capacity for testing and repair services of FormFactor products. The center now features expanded probe card services and includes a technology demo center supporting customers in co-packaged optics technologies, showcasing silicon photonics test technologies for next-generation semiconductor solutions.

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FormFactor (NASDAQ: FORM) has partnered with Delft Circuits to integrate Delft's Cri/oFlex® cabling solutions into FormFactor's cryogenic test systems. The collaboration aims to enhance quantum computing interfacing capabilities.

The partnership will significantly increase channel density in FormFactor's systems from the current 12 ISO-100 ports supporting up to 300 channels to up to 160 channels per port, enabling a total of 1920 channels. This advancement is specifically designed for high-density interfacing in compact quantum computing fridges.

The integration provides an initial support for 80-160 channels with mK node and SMP-SMP jumpers, with potential for future scalability. The collaboration combines FormFactor's precision measurement capabilities with Delft Circuits' cabling technology to advance quantum systems development.

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FormFactor (NASDAQ: FORM) has completed its acquisition of a 20% non-controlling stake in FICT , alongside North Asia private equity firm MBK Partners (MBKP). The transaction, valued at approximately $60M, includes a board seat for FormFactor and aims to secure access to FICT's essential technologies for advanced probe cards.

The deal, initially announced on February 5th, 2025, strengthens the partnership between the companies and positions FICT to continue developing leading-edge technologies for semiconductor and high-performance computing markets. FormFactor CEO Mike Slessor emphasized the transaction's importance in building world-class test and packaging consumables and strengthening the semiconductor test supply chain.

The company stated that this investment is not expected to have a material impact on FormFactor's operating results.

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FormFactor (FORM) reported Q4 2024 financial results with quarterly revenues of $189.5 million, down 8.9% from Q3 2024 but up 12.7% from Q4 2023. Full-year 2024 revenue reached $764 million, marking a 15.2% increase from $663 million in 2023.

The company's Q4 GAAP net income was $9.7 million ($0.12 per share), compared to $18.7 million ($0.24 per share) in Q3 2024. Non-GAAP net income for Q4 was $21.3 million ($0.27 per share). Gross margin for Q4 2024 was 38.8%, down from 40.7% in Q3.

FormFactor announced acquiring a 20% minority stake in FICT for approximately $60M, strengthening its position in advanced probe card components. The company's High Bandwidth Memory business grew fourfold in 2024, driven by Generative AI adoption, while DRAM probe-card revenue set third consecutive quarterly records.

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FormFactor (NASDAQ: FORM) has announced it will release its fourth quarter 2024 financial results on Wednesday, February 5th, 2025, at 1:25 p.m. Pacific Time. The company will host a live webcast conference call accessible through the Investors section of their website.

FormFactor is a leading provider of test and measurement technologies for the semiconductor industry, serving customers throughout the complete IC lifecycle. Their services span from characterization and modeling to qualification and production testing, helping semiconductor companies optimize device performance and improve yield knowledge. The company maintains facilities across Asia, Europe, and North America.

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FormFactor (NASDAQ: FORM) has announced an expanded technology partnership with Advantest (TSE: 6857), including a share purchase agreement. The partnership builds on their existing collaboration, which includes FormFactor's 2020 acquisition of Advantest's probe-card assets and their recent partnership in developing wafer-level test cells for silicon photonics integrated circuits.

The collaboration focuses on advancing wafer-level test capabilities, particularly important for high-performance-compute devices used in generative-AI applications. Advantest will purchase approximately 335,000 FormFactor shares at $44.78 per share, though this transaction is not expected to materially impact FormFactor's financial statements.

The partnership aims to accelerate the delivery of integrated test solutions by combining FormFactor's probe cards expertise with Advantest's Automated Test Equipment (ATE) capabilities to meet customers' demanding timelines in advanced semiconductor manufacturing.

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FormFactor Inc. (NASDAQ: FORM) has announced its upcoming participation in the 27th Annual Needham Growth Conference, scheduled for January 14-15, 2025. The company's Chief Executive Officer, Michael Slessor, will deliver a presentation on Wednesday, January 15, at 10:15 AM ET.

The presentation will be accessible to the public through a live webcast from the investors' section of FormFactor's website. A replay option will also be available for those unable to attend the live session.

FormFactor is a leading provider of test and measurement technologies throughout the IC lifecycle, offering services from characterization and modeling to production testing. The company maintains facilities across Asia, Europe, and North America, supporting semiconductor companies in optimizing device performance and improving yield knowledge.

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FormFactor (FORM) announced its participation in the 13th Annual NYC Summit investor conference, scheduled for Tuesday, December 17th at Mastro's Steakhouse New York. The company will be one of 18 companies collectively hosting the event. FormFactor will make its presentation materials available on the events section of their corporate website.

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FormFactor (Nasdaq: FORM) has announced its participation in the upcoming UBS Global Technology Conference, scheduled for December 3rd - 4th, 2024, at The Phoenician Hotel. The company will participate in one-on-one meetings only.

FormFactor is a leading provider of test and measurement technologies for the semiconductor industry, serving the full IC lifecycle from characterization to production testing. The company helps semiconductor manufacturers optimize device performance and improve yield knowledge through its facilities across Asia, Europe, and North America.

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FAQ

What is the current stock price of Formfactor (FORM)?

The current stock price of Formfactor (FORM) is $23.18 as of April 8, 2025.

What is the market cap of Formfactor (FORM)?

The market cap of Formfactor (FORM) is approximately 1.9B.

What core services does FormFactor Inc provide?

FormFactor Inc offers essential test and measurement technologies for the semiconductor industry, covering the complete IC lifecycle from characterization to production testing.

How is FormFactor's business structured?

The company operates through two main segments: the Probe Cards Segment, which includes probe cards and analytical probes, and the Systems Segment, which incorporates probe stations and thermal sub-systems.

What role do probe cards play in FormFactor's product lineup?

Probe cards are a critical component in semiconductor testing, offering precise and reliable contact to electronic circuits during production and qualification processes, and they contribute significantly to the company’s revenue.

How does FormFactor support the semiconductor manufacturing process?

By providing advanced test systems and measurement solutions, FormFactor enables manufacturers to optimize device performance, accelerate yield, and ensure product reliability throughout the semiconductor lifecycle.

In which regions does FormFactor maintain its operational presence?

FormFactor has a global presence with facilities in Asia, Europe, and North America, allowing it to effectively serve a diverse and international customer base in the semiconductor industry.

What technological innovations are integrated into FormFactor’s solutions?

The company incorporates advanced features such as high-density cryogenic cabling, optical measurement integration, and rapid calibration systems to enhance testing accuracy and efficiency.

How does FormFactor differentiate itself from competitors in the semiconductor testing market?

FormFactor sets itself apart through its comprehensive end-to-end testing solutions, deep industry expertise, and innovative use of precision measurement technologies that address varied testing needs.

What benefits do FormFactor’s products bring to semiconductor manufacturers?

Their products help optimize device performance, reduce testing time, improve yield knowledge, and ultimately support manufacturers in accelerating profitability by ensuring high-quality, reliable semiconductor production.
Formfactor Inc

Nasdaq:FORM

FORM Rankings

FORM Stock Data

1.94B
76.90M
0.93%
99.64%
4.69%
Semiconductor Equipment & Materials
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