SOURCE: FormFactor

FormFactor

April 27, 2016 08:01 ET

FormFactor Ranked Top Supplier of Semiconductor Probe Cards Worldwide by VLSIresearch

Company Outpaces Market Growth and Widens Lead in Advanced Probe Card Market

LIVERMORE, CA--(Marketwired - Apr 27, 2016) - In its annual Survey of semiconductor probe card suppliers for 2015, leading market research firm VLSIresearch again ranked FormFactor (NASDAQ: FORM) as the world's number one supplier on a revenue basis. FormFactor's revenue for 2015 was $282 million, up 5.1 percent from 2014, which outpaced overall probe card market growth. According to the survey, worldwide sales of semiconductor probe cards for 2015 totaled $1.4 billion, and VLSIresearch forecasts those sales will reach $1.7 billion by 2020.

Risto Puhakka, President of VLSIresearch commended FormFactor on its strong gains and steady growth, noting, "The company has retained its top supplier position by reliably delivering advanced high-performing probe card solutions and providing excellent technical service and support."

FormFactor widened its lead at the high end of the market, with sales of $275 million in the $1.1 billion advanced probe card sector. FormFactor's sales were approximately 30 percent higher than the second-ranked supplier, and nearly triple the sales of the third-ranked vendor. 

"Our strengthening leadership position is a result of long term investments in both technology and worldwide customer support," said CEO Mike Slessor. "With the acquisition of Cascade Microtech, ranked 6th in the 2015 report with probe card revenue of $64.6 million we will be further adding to our strong leadership position in the advanced probe card segment."

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: changes in demand for the company's products; risks in technical execution and capacity expansion; changes in seasonality; risks to the company's ability to execute on its operational model, the company's ability to continue to be a leading supplier in the probe card industry, risks to the company's ability to timely deliver products and to meet customer demand; changes in the market and macro-economic environments; the timing to consummate the proposed acquisition of Cascade Microtech; the risks that one or more conditions to the closing of acquisition of Cascade Microtech may not be satisfied; the challenges and costs of closing, integrating, restructuring and achieving anticipated synergies relating to such acquisition; the ability to retain key employees, customers and suppliers; the diversion of management time on merger-related issues; and changes in FormFactor's or Cascade Microtech's future cash requirements, capital requirements, results of operations, financial condition and/or cash flows, and other factors. Additional information concerning factors that could cause actual events or results to differ materially from those in 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 FormFactor and Cascade Microtech, 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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