Company shows growth and market share gains in both the advanced probe card and MEMS probe card sectors

FormFactor, Inc. (NASDAQ: FORM) today announced that VLSIresearch’s annual Survey* has again reported the company led all semiconductor probe card suppliers in 2014. FormFactor’s revenue grew 16% year-over-year to $269 million, which outpaced overall probe card market growth of 10%. The VLSIresearch survey documents 2014 worldwide sales of semiconductor probe cards at slightly over $1.25 billion, with continued growth to almost $1.7 billion in 2019.

The company’s industry leadership was especially evident at the high end of the market, where it led the advanced probe card sector with sales of $257 million, nearly 25 percent higher than the sales of the second ranked supplier. FormFactor’s long-term investments in MEMS technology are enabling customers’ transitions to advanced packaging technologies like Copper Pillars and to higher testing parallelism for reduced cost. As a result, the company captured 35 percent of the fast-growing MEMS probe card market, with 2014 sales almost 50 percent higher than the sales of the second ranked supplier.

“FormFactor has retained its top supplier position by consistently delivering high-performance probe card solutions across the semiconductor market, from DRAM to SoC, with strong leadership in the advanced portions of the probe card market.” said Risto Puhakka, President of VLSIresearch.

“We’re very proud to top the VLSIresearch list again this year,” said FormFactor President and CEO Mike Slessor. “This distinction is a tribute to the efforts of our team and our commitment to deliver probe card technologies that help our customers advance their roadmaps and compete in their end markets. Our continuing R&D investments, paired with our collaborative customer engagement model and relentless focus on execution, have us excited about our continued growth and leadership as we meet the challenges of testing the complex devices at the center of the mobile revolution.”

*The Probe Card Market 2014: Survey Results and Forecast Update

 

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 operating 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: unexpected changes in demand for the company’s products; changes in historical demands on a seasonal basis; risks of the company’s ability to continue to be the leading supplier in the probe card industry, to timely deliver products to customers that enable customer roadmaps and reduce the cost of test, to achieve its growth objectives, and to meet customer demand for the company’s DRAM, Flash Memory and SoC products; and changes in the market and macro-economic environments. 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 Form 10-K for the fiscal year ended December 27, 2014, as filed with the SEC, and subsequent SEC filings. Copies of the company’s SEC filings are available at http://investors.formfactor.com/sec.cfm. 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 materially from those anticipated in forward-looking statements.