FormFactor Adds Dilution Refrigeration (DR) Systems Critical for Quantum Computer Deployment

Rhea-AI Summary

FormFactor, Inc. (NASDAQ: FORM) has launched a new lineup of cryogen-free dilution refrigerators (DRs), capable of cooling to sub-10 millikelvin, essential for superconducting quantum computers. This move positions FormFactor as the largest commercial DR supplier in the U.S. These systems include advanced features like broad options for test interfaces and cooling power ranging from 250 to 600 microwatts at 100 millikelvin. The global quantum computing market is projected to reach $16.4 billion by 2027, representing an 11.3% CAGR from 2021. FormFactor aims to enhance quantum technology development and expand customer relationships.

Positive

• FormFactor becomes the largest commercial cryogen-free dilution refrigerator supplier in the U.S.
• Expansion of product offerings enhances FormFactor's capabilities in quantum technology.
• Projected growth in the quantum computing market to $16.4 billion by 2027 presents significant business opportunities.

Negative

• None.

Company Establishes Industry’s Most Comprehensive Lineup of Cryogenic Products for Superconducting and Quantum Applications from Sub-10 Millikelvin to 77 Kelvin

LIVERMORE, Calif. and WOBURN, Mass., June 09, 2022 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading semiconductor test and measurement supplier, announced today the immediate availability of cryogen-free dilution refrigerators (DRs). These systems are capable of cooling to the ultra-low sub-10 millikelvin, temperatures required for operation of superconducting quantum computers. FormFactor, now the largest commercial DR supplier in the US, acquired the DR product line from JanisULT (Woburn, MA), an established leader in high-quality DR technology. According to International Data Corporation (IDC), investments in the quantum computing market will grow at a 6-year CAGR (2021-2027) of 11.3% and reach nearly $16.4 billion by the end of 2027.*

FormFactor’s dilution refrigerators deliver:

• Cryogen-free operation with pushbutton cooling automation
• Broad options include probe socket test interface, magnetic shielding, low noise, low vibration, large sample space, and multiple ports for wiring and optics
• Cooling power ranging from 250 to 600 microwatts at 100 millikelvin, with a roadmap to higher cooling-power for large qubit counts
• FormFactor’s established worldwide customer support infrastructure

The dilution refrigerators join FormFactor’s innovative suite of cryogenic products and services designed to accelerate quantum research and commercialization.

• High-throughput wafer and chip-scale cryogenic prober such as IQ3000, reducing device characterization time to hours from days or weeks
• Adiabatic demagnetization refrigerator (ADR) cryostats for qubit prescreening, ensuring known-good qubits before deployment in a DR
• Cryogenic RF and DC probe interface, enabling rapid test by eliminating days of wafer dicing and wire bonding
• Cryogenic Test Services at Advanced Cryogenic Lab located in Boulder, Colorado providing immediate access to wafer-scale data
  

“It’s critical that we continue to advance quantum development,” said Dr. Celia Merzbacher, Executive Director of QED-C, the Quantum Economic Development Consortium. “FormFactor is contributing to the development of the quantum ecosystem, which requires overcoming technological hurdles, creating robust supply chains, and, ultimately, addressing needs and growing markets.”

“With the addition of these DR systems, FormFactor not only extends its cryogenic capabilities for quantum technology, but also expands its customer relationships with world-leading corporations and research centers,” said Amy Leong, Senior Vice President and General Manager of Emerging Growth Business Unit at FormFactor. “We’re eager to build on these projects and deliver vital solutions to quantum computing challenges from the research lab to high volume manufacturing.”

To learn more about FormFactor’s new dilution refrigeration products and other cryogenic systems, visit https://www.formfactor.com/products/quantum-cryo.

* Source: IDC, IDC Forecasts Worldwide Quantum Computing Market to Grow to $8.6 Billion in 2027, IDC #prUS48414121, Nov 29, 2021.

About FormFactor
FormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from metrology and inspection, characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies worldwide rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. FormFactor’s leading-edge probe stations, probes, probe cards, optical metrology and inspection, advanced thermal subsystems, and quantum cryogenic systems deliver precision accuracy and superior performance. For more information, visit the Company’s website at www.formfactor.com.

Caution Regarding Forward-looking Statements:

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including with respect to the Company’s plans, strategies and objectives for future operations. These statements are based on management’s current expectations and beliefs as of the date hereof and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to statements regarding future technology trends and trends in customer requirements, the capabilities and advantages of the Company’s products to meet future customer requirements, future market or demand growth, our ability to further develop and produce products to meet customer requirements and demand, and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise.

Trade Contact
David Viera
Corporate Communications
(925) 290-4182
david.viera@formfactor.com

Investor Contact
Stan Finkelstein
Investor Relations
(925) 290-4321
ir@formfactor.com

FAQ

What new products has FormFactor launched?

FormFactor has launched a new line of cryogen-free dilution refrigerators for superconducting quantum computers.

How does FormFactor position itself in the cryogenic market?

FormFactor is now the largest commercial dilution refrigerator supplier in the U.S. after acquiring a product line from JanisULT.

What is the expected growth of the quantum computing market?

The quantum computing market is projected to reach nearly $16.4 billion by the end of 2027, with a CAGR of 11.3%.

What cooling capabilities do the new dilution refrigerators offer?

The new dilution refrigerators can achieve cooling power ranging from 250 to 600 microwatts at 100 millikelvin.

How does FormFactor support quantum technology development?

FormFactor's new products and established customer support infrastructure aim to accelerate quantum research and commercialization.