Livermore, Calif., Feb. 24, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) is pleased to
announce the closing of its acquisition, together with North Asia private equity firm MBK Partners
(“MBKP”), of FICT Limited (“FICT”). As stated on February 5th, 2025, this transaction secures
FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long term
partnership between the companies, and positions FICT to continue developing leading-edge
technologies for its customers in the semiconductor and high-performance computing markets.

FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the
company’s board of directors. This investment is not expected to have a material impact on
FormFactor’s operating results.

“FormFactor and MBKP are committed to the success of FICT and FICT’s customers,” commented Mike
Slessor, FormFactor CEO. “This transaction solidifies our important collaboration with FICT to build
world-class test and packaging consumables, and strengthens the semiconductor test supply chain
serving the rapidly accelerating adoption of advanced packaging.”

About FormFactor:

FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies
along the full semiconductor product life cycle – from characterization, modeling, reliability, and design debug,
to qualification and production test. Semiconductor companies rely upon FormFactor’s products and
services to accelerate profitability by optimizing device performance and advancing yield knowledge. The
Company serves customers through its network of facilities in Asia, Europe, and North America. For more
information, visit the Company’s website at www.formfactor.com.

Forward-looking Statements:

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions
of the federal securities laws, including with respect to the Company’s future financial and operating
results, and the Company’s plans, strategies and objectives for future operations. These statements are
based on management’s current expectations and beliefs as of the date of this release, and are subject to
a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause
actual results to differ materially from those described in the forward-looking statements. These forwardlooking
statements include, but are not limited to, statements regarding the expected impact of the
transaction on the Company’s operating results, the expected benefit of the transaction to the Company
and the industry, and other statements regarding the Company’s business. Forward-looking statements
may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and
“continue,” the negative or plural of these words and similar expressions, and include the assumptions
that underlie such statements. The following factors, among others, could cause actual results to differ
materially from those described in the forward-looking statements: changes in demand for the Company’s
products; customer-specific demand; market opportunity; anticipated industry trends; the potential
impact on the business of FormFactor and FICT due to uncertainties in connection with the acquisition; the
retention of employees of FICT following acquisition; the ability of FormFactor to achieve expected
benefits from the FICT acquisition; the availability, benefits, and speed of customer acceptance or
implementation of new products and technologies; manufacturing, processing, and design capacity, goals,
expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality;
risks to the Company’s realization of benefits from acquisitions, investments in capacity and investments in
new electronic data systems and information technology; reliance on customers or third parties (including
suppliers); changes in macro-economic environments; events affecting global and regional economic and
market conditions and stability such as military conflicts, political volatility, infectious diseases and
pandemics, and similar factors, operating separately or in combination; and other factors, including those
set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and
other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are
varying barriers to international trade, including restrictive trade and export regulations such as the USChina
restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national
security developments or tensions, that may substantially restrict or condition our sales to or in certain
countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances
can be given that any of the events anticipated by the forward-looking statements within this press release
will transpire or occur, or if any of them do so, what impact they will have on the results of operations or
financial condition of the Company. Unless required by law, the Company is under no obligation (and
expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a
result of new information, future events, or otherwise.

Source: FormFactor, Inc.
FORM-F