GlobeNewswire Inc | Apr 27, 2021 12:50AM EDT

April 27, 2021

LIVERMORE, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading test and measurement supplier, was again ranked as the worlds number one supplier of semiconductor probe cards by market research firm VLSIresearch, after growing 18% in 2020. FormFactor has held the top position for eight consecutive years.

FormFactors probe card revenues are primarily comprised of advanced wafer probe cards, a segment, which according to VLSIresearch, accounts for more than 85% of the overall probe card market. Key to the companys success in 2020 was 40% revenue growth year-over-year in advanced probe cards used to test non-memory ICs. This growth was driven by Foundry and Logic customers as they ramped production of chipsets for 5G handsets, and accelerated adoption of advanced packaging techniques such as heterogenous integration of chiplets. VLSI forecasts the market for advanced probe cards will grow at >7% CAGR from 2020-2025 to reach $2.7 billion.

Advanced probe card revenues continue to grow as IC manufacturers introduce increasingly sophisticated chip designs, said Risto Puhakka, president of VLSIresearch. Chief among the factors driving FormFactors growth are advanced packaging technologies and the ramp of 5G devices, which continue to deliver chip scaling and performance enhancements. Advanced probe cards are essential to test these complex ICs.

We are very grateful to our customers, suppliers and employees that made the past year extraordinarily successful in a very difficult environment, said FormFactor CEO Mike Slessor. Our customers continue to push the envelope for device performance, requiring FormFactor to keep pace with their challenging test requirements. Were continuing to invest in innovation and capacity that make it possible for our customers to bring their new products to market faster and accelerate their profitability.

About FormFactorFormFactor, Inc.(NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle from metrology and inspection, characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactors 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 Companys website atwww.formfactor.com.

About VLSIresearchVLSIresearch 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.

Trade ContactDavid VieraCorporate Communications(925) 290-4182david.viera@formfactor.com

Investor ContactStan FinkelsteinInvestor Relations(925) 290-4321ir@formfactor.com