FormFactor Ranked as #1 Supplier of Semiconductor Probe Cards

Rhea-AI Summary

FormFactor, Inc. (NASDAQ: FORM) reported a remarkable 40% year-over-year growth in revenues from advanced probe cards for non-memory applications, driven by increased demand from Foundry and Logic customers. The company continues to be ranked as the leading supplier of semiconductor probe cards globally, maintaining this position for eight consecutive years. The advanced probe card market is projected to grow at over 7% CAGR from 2020 to 2025, reaching $2.7 billion. This growth is attributed to advancements in 5G technology and sophisticated chip designs.

Positive

• 40% revenue growth year-over-year in advanced probe cards for non-memory applications.
• Ranked as the world's number one supplier of semiconductor probe cards for eight consecutive years.
• Advanced probe card market expected to grow at over 7% CAGR, reaching $2.7 billion by 2025.
• Increased demand driven by Foundry and Logic customers, particularly for 5G chipsets.

Negative

• None.

Company Posts 40% Growth in Advanced Probe Cards for Non-memory Applications

LIVERMORE, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading test and measurement supplier, was again ranked as the world’s number one supplier of semiconductor probe cards by market research firm VLSIresearch, after growing 18% in 2020. FormFactor has held the top position for eight consecutive years.

FormFactor’s probe card revenues are primarily comprised of advanced wafer probe cards, a segment, which according to VLSIresearch, accounts for more than 85% of the overall probe card market. Key to the company’s success in 2020 was 40% revenue growth year-over-year in advanced probe cards used to test non-memory ICs. This growth was driven by Foundry and Logic customers as they ramped production of chipsets for 5G handsets, and accelerated adoption of advanced packaging techniques such as heterogenous integration of chiplets. VLSI forecasts the market for advanced probe cards will grow at >7% CAGR from 2020-2025 to reach $2.7 billion.

“Advanced probe card revenues continue to grow as IC manufacturers introduce increasingly sophisticated chip designs,” said Risto Puhakka, president of VLSIresearch. “Chief among the factors driving FormFactor’s growth are advanced packaging technologies and the ramp of 5G devices, which continue to deliver chip scaling and performance enhancements. Advanced probe cards are essential to test these complex ICs.”

“We are very grateful to our customers, suppliers and employees that made the past year extraordinarily successful in a very difficult environment,” said FormFactor CEO Mike Slessor. “Our customers continue to push the envelope for device performance, requiring FormFactor to keep pace with their challenging test requirements. We’re continuing to invest in innovation and capacity that make it possible for our customers to bring their new products to market faster and accelerate their profitability.”

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 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.

About VLSIresearch
VLSIresearch is an award-winning provider of market research and economic analysis on the technical, business, and economic aspects within semiconductor, nanotechnology, and related industries. VLSIresearch provides intelligence for faster and better decision making in the areas of semiconductors, photovoltaics, LEDs, manufacturing, materials, and critical subsystems. VLSIresearch was founded in 1976.

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 was the revenue growth percentage for FormFactor in advanced probe cards?

FormFactor reported a 40% year-over-year revenue growth in advanced probe cards for non-memory applications.

How long has FormFactor been ranked as the number one supplier of semiconductor probe cards?

FormFactor has maintained its position as the world's number one supplier of semiconductor probe cards for eight consecutive years.

What is the expected growth rate of the advanced probe card market?

The advanced probe card market is projected to grow at over 7% CAGR from 2020 to 2025.

What key factors contributed to the growth of FormFactor's probe card revenues?

The growth was primarily driven by demand from Foundry and Logic customers for 5G chipset production and advanced packaging technologies.