SOURCE: FormFactor

FormFactor

May 19, 2016 08:01 ET

FormFactor Ranked 1st as THE BEST Supplier of Subsystems for Third Consecutive Year in VLSIresearch's Annual Customer Satisfaction Survey

Company's High Customer Satisfaction Ranking Coincides With Greater-Than-Market-Growth

LIVERMORE, CA--(Marketwired - May 19, 2016) - FormFactor, Inc. (NASDAQ: FORM) today announced that for the third consecutive year, it achieved the RANKED 1st spot in the 2016 THE BEST Suppliers of Subsystems. Subsystems -- which includes semiconductor probe cards -- is one of 11 market segments covered in the annual Customer Satisfaction Survey produced by leading market research firm, VLSIresearch.

The RANKED 1st Supplier achievement acknowledges FormFactor's enduring commitment to customers. The company retained its customer satisfaction leadership position by commanding the highest scores in 12 of the 13 THE BEST Subsystems Supplier award categories, and tying in the last. FormFactor achieved its highest rated categories in "Partnering" and "Technology Leadership."

"Being ranked THE BEST Supplier of Subsystems by our customers for three consecutive years is a testament to the technology expertise and dedication of the FormFactor team," said CEO Mike Slessor. "We are very pleased that our continued commitment to industry-leading R&D and support investments, guided by close customer collaborations, is reflected in both this ranking and our increasing share in the advanced probe card market."

The company was also recognized for business performance when it was named Top Supplier of Semiconductor Probe Cards Worldwide for 2015. That report, released last month by VLSIresearch, revealed that FormFactor's growth for 2015 (by revenue) out-paced overall probe card market growth for the same period.

G. Dan Hutcheson, CEO of VLSIresearch, attributed FormFactor's sustained superior rankings to the company's ability to enable the quality and reliability its customers need to innovate next-generation devices. "This year's result shows that FormFactor continues to deliver the technology, service and technical support that enable customers to meet aggressive market windows, while reducing their overall cost of test," he said.

For more on VLSIresearch's 2016 Customer Satisfaction Survey, please visit www.vlsiresearch.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.

About FormFactor

FormFactor, Inc. (NASDAQ: FORM) helps semiconductor manufacturers test the integrated circuits (ICs) that power consumer mobile devices, as well as computing, automotive and other applications. The company is one of the world's leading providers of essential wafer test technologies and expertise, with an extensive portfolio of high-performance probe cards for DRAM, Flash and SoC devices. Customers use FormFactor's products and services to lower overall production costs, improve their yields and enable complex next-generation ICs. Headquartered in Livermore, California, the company services its customers from a network of facilities in Europe, Asia and North America. For more information, visit the company's website at www.formfactor.com.

Forward-Looking Statements

Statements in this press release that are not strictly historical in nature are forward-looking statements within the meaning of the federal securities laws, including statements regarding anticipated results, market conditions or trends, expectations and plans. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to: the company's continuation of certain R&D and support investments; the company's ability to continue to deliver competitive and cost efficient technology, service and technical support to customers, and other factors. Additional information concerning factors that could cause actual events or results to differ materially from those suggested by any forward-looking statement is contained in the company's annual report on Form 10-K for the fiscal year ended December 26, 2015, as filed with the U.S. Securities and Exchange Commission (the "SEC"), and other reports filed with the SEC by the company, under the caption "Risk Factors" and elsewhere. Copies of these SEC filings are available at http://www.sec.gov. Unless required by law, the company assumes no obligation to update the information in this press release, to revise any forward-looking statements, or to update the reasons actual results could differ from those anticipated in forward-looking statements.

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