FormFactor, Inc.
{{Infobox company
| name = FormFactor, Inc.
| trading_name = FORM
| type = Public
| traded_as = {{NASDAQ was|FORM}}
| industry = Semiconductor
| founded = {{start date and age|1993}}
| founder = Igor Khandros
| hq_location = Livermore, California
| revenue = $770 million (2021)
| num_employees = 2300
| website = {{URL|formfactor.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
FormFactor was founded in Elmsford, NY in 1993, and set up its first headquarters in Livermore, California in 1995.{{Cite web |date=2020-05-18 |title=Working At FormFactor: Employee Reviews and Culture |url=https://www.zippia.com/formfactor-careers-4642/ |access-date=2023-12-03 |website=www.zippia.com |language=en-US}} The company completed an initial public offering (IPO) on the Nasdaq as FORM,{{Cite news |date=2022-06-02 |title=SEEQC Deploys FormFactor's Qubit Pre-screening Solution to Speed Quantum Computing Development |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2022-06-02/seeqc-deploys-formfactor-s-qubit-pre-screening-solution-to-speed-quantum-computing-development |access-date=2023-12-03}} in June 2003 with 6 million shares priced at $14.{{Cite web |date=2003-06-12 |title=Chip Tester Prices I.P.O. At High End |url=https://www.nytimes.com/2003/06/12/business/chip-tester-prices-ipo-at-high-end.html |access-date=2023-12-03 |website=www.nytimes.com}}{{Cite web |last=Hess |first=Diane |date=2003-06-12 |title=FormFactor IPO Prices Above Range |url=https://www.thestreet.com/markets/formfactor-ipo-prices-above-range-10093153 |access-date=2023-12-03 |website=TheStreet |language=en-us}}
FormFactor released the first x64 DRAM probe card in 2000,{{Cite web |title=FormFactor Ships the Production 64-Device In-Parallel Dram Probe Card |url=https://www.testandmeasurement.com/doc/formfactor-ships-the-production-64-device-in-0001 |access-date=2023-12-03 |website=www.testandmeasurement.com}} followed by the x128 DRAM probe card in 2002.{{Cite web |date=2004-01-26 |title=FormFactor's probe card eases bare-die DRAM testing |url=https://www.eetimes.com/formfactors-probe-card-eases-bare-die-dram-testing/ |access-date=2023-12-03 |website=www.eetimes.com}}{{Cite web |last=Chappell |first=Jeff |date=2002-08-12 |title=FormFactor Unveils 300mm Probe Card |url=https://www.edn.com/formfactor-unveils-300mm-probe-card/ |access-date=2023-12-03 |website=EDN |language=en-US}} The company shipped the first SmartMatrix full-wafer probe cards in February 2009.{{Cite press release |last= |date=2009-02-09 |title=FormFactor Reduces Flash Memory Test Costs With New Harmony OneTouch(TM) ATC Full-Wafer Contact Probe Card Solution |url=https://www.globenewswire.com/news-release/2009/02/09/939533/0/en/FormFactor-Reduces-Flash-Memory-Test-Costs-With-New-Harmony-OneTouch-TM-ATC-Full-Wafer-Contact-Probe-Card-Solution.html |access-date=2023-12-03 |website=GlobeNewswire News Room |language=en}}
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.{{Cite news |date=2012-09-05 |title=FormFactor Agrees to Acquire MicroProbe |language=en-US |work=Wall Street Journal |url=http://www.wsj.com/articles/DJFVW00020120904e894qkntz |access-date=2023-12-03 |issn=0099-9660}}{{Cite web |date=2012-10-18 |title=FormFactor Closes MicroProbe Buyout |url=https://finance.yahoo.com/news/formfactor-closes-microprobe-buyout-214403502.html |access-date=2023-12-03 |website=Yahoo Finance |language=en-US}}{{Cite web |last=Mokhoff |first=Nicolas |date=2012-09-04 |title=FormFactor to acquire MicroProbe for wafer tests |url=https://www.eetimes.com/formfactor-to-acquire-microprobe-for-wafer-tests/ |access-date=2023-12-03 |website=EE Times}} In June 2016, FormFactor acquired Cascade Microtech for $352 million.{{Cite web |date=2016-06-27 |title=FormFactor Diversifies, Closes Cascade Microtech Buyout |url=https://sg.finance.yahoo.com/news/formfactor-diversifies-closes-cascade-microtech-121612040.html |access-date=2023-12-03 |website=Yahoo Finance |language=en-SG}}{{Cite web |last=Feroldi |first=Brian |date=2016-02-13 |title=FormFactor Inc. Makes a Bold Bet With a Major Acquisition |url=https://www.fool.com/investing/general/2016/02/13/formfactor-inc-makes-a-bold-bet-with-a-major-acqui.aspx |access-date=2023-12-03 |website=The Motley Fool |language=en}}
In 2019, a second service center was opened in Grenoble, France, to expand the companies existing center in Dresden, Germany.{{Cite news |date=2019-01-28 |title=FormFactor, Inc.: FormFactor Adds Second European Service Center |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2019-01-28/formfactor-inc-formfactor-adds-second-european-service-center |access-date=2023-12-03}}{{Cite web |last= |first= |date=2019-01-28 |title=FormFactor Adds Second European Service Center |url=https://www.einnews.com/pr_news/474931054/formfactor-adds-second-european-service-center |access-date=2023-12-03 |website=EIN News |language=en-US}}{{Cite press release |last= |first= |date=2019-01-28 |title=FormFactor Adds Second European Service Center |url=https://www.globenewswire.com/news-release/2019/01/28/1706142/0/en/FormFactor-Adds-Second-European-Service-Center.html |access-date=2023-12-03 |website=GlobeNewswire News Room |language=en}} In October 2019, FormFactor acquired Germany-based FRT for $19,7 million. FRT Metrology business was acquired by Camtek in October 2023.{{Cite news |date=2023-09-18 |title=Camtek buys German co FRT Metrology for $100m |language=en |work=Globes |url=https://en.globes.co.il/en/article-camtek-buys-german-co-frt-metrology-for-100m-1001458124 |access-date=2023-12-03}}{{Cite press release |last= |first= |title=Camtek Announces the Closing of its Acquisition of FRT Metrology |url=https://www.prnewswire.com/news-releases/camtek-announces-the-closing-of-its-acquisition-of-frt-metrology-301974039.html |access-date=2023-12-03 |website=www.prnewswire.com |language=en}} In July 2020, Advantest Corporation's probe card assets were acquired by FormFactor for $35 million{{Cite web |last= |date=2020-07-30 |title=FormFactor, Inc. acquired the Advanced Probe Card Assets of Advantest Corporation for $35 million. -July 29, 2020 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/ADVANTEST-CORPORATION-6492081/news/FormFactor-Inc-acquired-the-Advanced-Probe-Card-Assets-of-Advantest-Corporation-for-35-million-33768981/ |access-date=2023-12-03 |website=www.marketscreener.com |language=en}}{{Cite web |date=2020-07-30 |title=FormFactor, Inc. Reports 2020 Second Quarter Results |url=https://finance.yahoo.com/news/formfactor-inc-reports-2020-second-200500033.html |access-date=2023-12-03 |website=Yahoo Finance |language=en-US}} and in October, it acquired High Precision Devices, Inc. (HPD).{{Cite web |last=Wood |first=Christopher |date=2020-10-29 |title=FormFactor acquires High Precision Devices |url=https://bizwest.com/2020/10/29/formfactor-acquires-high-precision-devices/ |access-date=2023-12-03 |website=BizWest |language=en-US}}{{Cite web |title=High Precision Devices - Products, Competitors, Financials, Employees, Headquarters Locations |url=https://www.cbinsights.com/company/high-precision-devices |access-date=2023-12-03 |website=www.cbinsights.com}}
An additional manufacturing facility was opened in Livermore in 2021, to expand the existing and provide an additional 90,000 square feet of facility.{{Cite web |date=2021-12-15 |title=FormFactor Opens New Manufacturing Facility to Expand Capacity for Semiconductor Wafer Probe Card Production |url=https://finance.yahoo.com/news/formfactor-opens-manufacturing-facility-expand-210500579.html |access-date=2023-12-03 |website=Yahoo Finance |language=en-US}}{{Cite news |title=Formfactor Inc (FORM-Q) Quote - Press Release |language=en-CA |work=The Globe and Mail |url=https://www.theglobeandmail.com/investing/markets/stocks/FORM/pressreleases/6700496/ |access-date=2023-12-03}}
In February 2024, the company's ESG risk rating was low at just 17.1%.{{Cite web |title=Company ESG Risk Rating - Sustainalytics |url=https://www.sustainalytics.com/esg-rating/formfactor-inc/1007906894 |access-date=2024-08-22 |website=sustainalytics.com |language=en}}
Locations
FormFactor, Inc. is headquartered in Livermore, California with manufacturing facilities and offices in the United States, Europe and Asia:{{Cite web |title=Global Locations |url=https://www.formfactor.com/sales-service/contact-and-locations/ |access-date=2024-03-21 |website=FormFactor, Inc. |language=en-US}}
United States
- Beaverton (Oregon)
- Boulder (Colorado)
- Carlsbad, Baldwin Park, San Jose (California)
- Woburn (Massachusetts)
Europe
Asia
- Yokohama (Japan)
- Gyeonggi-Do (South Korea)
- Marsiling (Singapore)
- Zhubei (Taiwan)