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FormFactor, Inc.

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FormFactor, Inc.
FORM
Company typePublic
Nasdaq: FORM
IndustrySemiconductor
Founded1993; 31 years ago (1993)
FounderIgor Khandros
HeadquartersLivermore, California
Revenue$770 million (2021)
Number of employees
2300
Websiteformfactor.com

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

History

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FormFactor was founded in Elmsford, NY in 1993, and set up its first headquarters in Livermore, California in 1995.[1] The company completed an initial public offering (IPO) on the Nasdaq as FORM,[2] in June 2003 with 6 million shares priced at $14.[3][4]

FormFactor released the first x64 DRAM probe card in 2000,[5] followed by the x128 DRAM probe card in 2002.[6][7] The company shipped the first SmartMatrix full-wafer probe cards in February 2009.[8]

In October 2012, FormFactor signed an agreement with Astria Semiconductors Holdings, Inc. for the acquisition of MicroProbe, Inc. for $100 million in cash and $16.8 million in stocks.[9][10][11] In June 2016, FormFactor acquired Cascade Microtech for $352 million.[12][13]

In 2019, a second service center was opened in Grenoble, France, to expand the companies existing center in Dresden, Germany.[14][15][16] In October 2019, FormFactor acquired Germany-based FRT for $19,7 million. FRT Metrology business was acquired by Camtek in October 2023.[17][18] In July 2020, Advantest Corporation's probe card assets were acquired by FormFactor for $35 million[19][20] and in October, it acquired High Precision Devices, Inc. (HPD).[21][22]

An additional manufacturing facility was opened in Livermore in 2021, to expand the existing and provide an additional 90,000 square feet of facility.[23][24]

In February 2024, the company's ESG risk rating was low at just 17.1%.[25]

Locations

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FormFactor, Inc. is headquartered in Livermore, California with manufacturing facilities and offices in the United States, Europe and Asia:[26]

United States

Europe

Asia

References

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  1. ^ "Working At FormFactor: Employee Reviews and Culture". www.zippia.com. 2020-05-18. Retrieved 2023-12-03.
  2. ^ "SEEQC Deploys FormFactor's Qubit Pre-screening Solution to Speed Quantum Computing Development". Bloomberg.com. 2022-06-02. Retrieved 2023-12-03.
  3. ^ "Chip Tester Prices I.P.O. At High End". www.nytimes.com. 2003-06-12. Retrieved 2023-12-03.
  4. ^ Hess, Diane (2003-06-12). "FormFactor IPO Prices Above Range". TheStreet. Retrieved 2023-12-03.
  5. ^ "FormFactor Ships the Production 64-Device In-Parallel Dram Probe Card". www.testandmeasurement.com. Retrieved 2023-12-03.
  6. ^ "FormFactor's probe card eases bare-die DRAM testing". www.eetimes.com. 2004-01-26. Retrieved 2023-12-03.
  7. ^ Chappell, Jeff (2002-08-12). "FormFactor Unveils 300mm Probe Card". EDN. Retrieved 2023-12-03.
  8. ^ "FormFactor Reduces Flash Memory Test Costs With New Harmony OneTouch(TM) ATC Full-Wafer Contact Probe Card Solution". GlobeNewswire News Room. 2009-02-09. Retrieved 2023-12-03.
  9. ^ "FormFactor Agrees to Acquire MicroProbe". Wall Street Journal. 2012-09-05. ISSN 0099-9660. Retrieved 2023-12-03.
  10. ^ "FormFactor Closes MicroProbe Buyout". Yahoo Finance. 2012-10-18. Retrieved 2023-12-03.
  11. ^ Mokhoff, Nicolas (2012-09-04). "FormFactor to acquire MicroProbe for wafer tests". EE Times. Retrieved 2023-12-03.
  12. ^ "FormFactor Diversifies, Closes Cascade Microtech Buyout". Yahoo Finance. 2016-06-27. Retrieved 2023-12-03.
  13. ^ Feroldi, Brian (2016-02-13). "FormFactor Inc. Makes a Bold Bet With a Major Acquisition". The Motley Fool. Retrieved 2023-12-03.
  14. ^ "FormFactor, Inc.: FormFactor Adds Second European Service Center". Bloomberg.com. 2019-01-28. Retrieved 2023-12-03.
  15. ^ "FormFactor Adds Second European Service Center". EIN News. 2019-01-28. Retrieved 2023-12-03.
  16. ^ "FormFactor Adds Second European Service Center". GlobeNewswire News Room. 2019-01-28. Retrieved 2023-12-03.
  17. ^ "Camtek buys German co FRT Metrology for $100m". Globes. 2023-09-18. Retrieved 2023-12-03.
  18. ^ "Camtek Announces the Closing of its Acquisition of FRT Metrology". www.prnewswire.com. Retrieved 2023-12-03.
  19. ^ "FormFactor, Inc. acquired the Advanced Probe Card Assets of Advantest Corporation for $35 million. -July 29, 2020 | MarketScreener". www.marketscreener.com. 2020-07-30. Retrieved 2023-12-03.
  20. ^ "FormFactor, Inc. Reports 2020 Second Quarter Results". Yahoo Finance. 2020-07-30. Retrieved 2023-12-03.
  21. ^ Wood, Christopher (2020-10-29). "FormFactor acquires High Precision Devices". BizWest. Retrieved 2023-12-03.
  22. ^ "High Precision Devices - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-12-03.
  23. ^ "FormFactor Opens New Manufacturing Facility to Expand Capacity for Semiconductor Wafer Probe Card Production". Yahoo Finance. 2021-12-15. Retrieved 2023-12-03.
  24. ^ "Formfactor Inc (FORM-Q) Quote - Press Release". The Globe and Mail. Retrieved 2023-12-03.
  25. ^ "Company ESG Risk Rating - Sustainalytics". sustainalytics.com. Retrieved 2024-08-22.
  26. ^ "Global Locations". FormFactor, Inc. Retrieved 2024-03-21.
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