FormFactor Announces the Closing of FICT Transaction
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.
FormFactor (NASDAQ: FORM) ha completato l'acquisizione di una partecipazione non di controllo del 20% in FICT, insieme alla società di private equity MBK Partners (MBKP) del Nord Asia. La transazione, valutata circa 60 milioni di dollari, include un seggio nel consiglio per FormFactor e mira a garantire l'accesso alle tecnologie essenziali di FICT per le schede di sonda avanzate.
L'accordo, annunciato inizialmente il 5 febbraio 2025, rafforza la partnership tra le aziende e posiziona FICT per continuare a sviluppare tecnologie all'avanguardia per i mercati dei semiconduttori e del calcolo ad alte prestazioni. Il CEO di FormFactor, Mike Slessor, ha sottolineato l'importanza della transazione nel costruire materiali di consumo per test e imballaggio di livello mondiale e nel rafforzare la catena di fornitura dei test dei semiconduttori.
La società ha dichiarato che questo investimento non dovrebbe avere un impatto materiale sui risultati operativi di FormFactor.
FormFactor (NASDAQ: FORM) ha completado la adquisición de una participación no controladora del 20% en FICT, junto con la firma de capital privado MBK Partners (MBKP) de Asia del Norte. La transacción, valorada en aproximadamente 60 millones de dólares, incluye un asiento en la junta para FormFactor y tiene como objetivo asegurar el acceso a las tecnologías esenciales de FICT para tarjetas de sonda avanzadas.
El acuerdo, anunciado inicialmente el 5 de febrero de 2025, fortalece la asociación entre las empresas y posiciona a FICT para continuar desarrollando tecnologías de vanguardia para los mercados de semiconductores y computación de alto rendimiento. El CEO de FormFactor, Mike Slessor, enfatizó la importancia de la transacción en la construcción de consumibles para pruebas y empaques de clase mundial y en el fortalecimiento de la cadena de suministro de pruebas de semiconductores.
La empresa declaró que esta inversión no se espera que tenga un impacto material en los resultados operativos de FormFactor.
FormFactor (NASDAQ: FORM)는 북아시아 사모펀드 MBK 파트너스(MBK Partners)와 함께 FICT의 20% 비지배 지분 인수를 완료했습니다. 이 거래는 약 6천만 달러로 평가되며, FormFactor의 이사회를 포함하고 있으며 FICT의 첨단 프로브 카드 기술에 대한 접근을 확보하는 것을 목표로 하고 있습니다.
이번 거래는 2025년 2월 5일에 처음 발표되었으며, 기업 간의 파트너십을 강화하고 FICT가 반도체 및 고성능 컴퓨팅 시장을 위한 최첨단 기술을 계속 개발할 수 있도록 하는 데 기여합니다. FormFactor의 CEO인 Mike Slessor는 이 거래가 세계적 수준의 테스트 및 포장 소모품을 구축하고 반도체 테스트 공급망을 강화하는 데 중요하다고 강조했습니다.
회사는 이번 투자가 FormFactor의 운영 결과에 물질적인 영향을 미치지 않을 것으로 예상된다고 밝혔습니다.
FormFactor (NASDAQ: FORM) a finalisé l'acquisition d'une participation non contrôlante de 20 % dans FICT, aux côtés de la société de capital-investissement MBK Partners (MBKP) d'Asie du Nord. La transaction, d'une valeur d'environ 60 millions de dollars, inclut un siège au conseil d'administration pour FormFactor et vise à garantir l'accès aux technologies essentielles de FICT pour des cartes de sonde avancées.
L'accord, initialement annoncé le 5 février 2025, renforce le partenariat entre les entreprises et positionne FICT pour continuer à développer des technologies de pointe pour les marchés des semi-conducteurs et de l'informatique haute performance. Le PDG de FormFactor, Mike Slessor, a souligné l'importance de la transaction dans la construction de consommables de test et d'emballage de classe mondiale et dans le renforcement de la chaîne d'approvisionnement des tests de semi-conducteurs.
L'entreprise a déclaré que cet investissement ne devrait pas avoir d'impact matériel sur les résultats d'exploitation de FormFactor.
FormFactor (NASDAQ: FORM) hat den Erwerb einer 20% nicht beherrschenden Beteiligung an FICT abgeschlossen, zusammen mit der nordasiatischen Private-Equity-Firma MBK Partners (MBKP). Die Transaktion, die mit etwa 60 Millionen Dollar bewertet wird, umfasst einen Sitz im Vorstand von FormFactor und zielt darauf ab, den Zugang zu den wesentlichen Technologien von FICT für fortschrittliche Sondenkarten zu sichern.
Der Deal, der ursprünglich am 5. Februar 2025 angekündigt wurde, stärkt die Partnerschaft zwischen den Unternehmen und positioniert FICT, um weiterhin führende Technologien für die Halbleiter- und Hochleistungs-Computing-Märkte zu entwickeln. Der CEO von FormFactor, Mike Slessor, betonte die Bedeutung der Transaktion beim Aufbau von Produkten für Tests und Verpackungen von Weltklasse und beim Stärken der Lieferkette für Halbleiter-Tests.
Das Unternehmen erklärte, dass diese Investition voraussichtlich keine wesentlichen Auswirkungen auf die Betriebsergebnisse von FormFactor haben wird.
- Secured access to essential probe card technologies
- Gained board representation at FICT
- Strategic positioning in semiconductor test supply chain
- Strengthened partnership with key technology provider
- Significant capital expenditure of $60M
- Non-controlling minority stake (20%) limits operational control
- No material impact expected on operating results in near term
Insights
The $60M investment for a 20% stake in FICT represents a calculated strategic move that balances opportunity with risk in the critical semiconductor test equipment market. This structure provides FormFactor three key advantages: secured access to essential probe card technologies, strategic influence through board representation, and financial exposure compared to a full acquisition.
The partnership with MBK Partners, a prominent North Asian private equity firm, is particularly strategic given the region's dominance in semiconductor manufacturing. This alignment helps FormFactor strengthen its position in key Asian markets while potentially mitigating geopolitical risks in the semiconductor supply chain.
The advanced packaging segment, where FICT specializes, is experiencing rapid growth driven by the increasing complexity of semiconductor devices and the push for greater integration. By securing access to FICT's technology, FormFactor strengthens its competitive position in this high-growth market without assuming full operational control and associated risks.
While management indicates no material impact on operating results, the strategic value lies in the long-term technology access and supply chain security. The transaction's structure - minority stake with board representation - suggests a focus on strategic alignment rather than immediate financial returns, positioning FormFactor to benefit from FICT's innovation while maintaining flexibility in its capital allocation strategy.
LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (“MBKP”), of FICT Limited (“FICT”). As stated on February 5th, 2025, this transaction secures FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets.
FormFactor invested approximately
“FormFactor and MBKP are committed to the success of FICT and FICT’s customers,” commented Mike Slessor, FormFactor CEO. “This transaction solidifies our important collaboration with FICT to build world-class test and packaging consumables, and strengthens the semiconductor test supply chain serving the rapidly accelerating adoption of advanced packaging.”
About FormFactor:
FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.
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 future financial and operating results, and 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 of this release, 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 the expected impact of the transaction on the Company’s operating results, the expected benefit of the transaction to the Company and the industry, and other statements regarding the Company’s business. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the potential impact on the business of FormFactor and FICT due to uncertainties in connection with the acquisition; the retention of employees of FICT following acquisition; the ability of FormFactor to achieve expected benefits from the FICT acquisition; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company’s realization of benefits from acquisitions, investments in capacity and investments in new electronic data systems and information technology; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; 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. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release 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.
Source: FormFactor, Inc.
FORM-F
Investor Contact
Stan Finkelstein
Investor Relations
(925) 290-4273
ir@formfactor.com
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