GlobeNewswire Inc | Dec 15, 2021 04:05PM EST

December 15, 2021

LIVERMORE, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, today announced the opening of a new manufacturing facility, expanding its Livermore, California campus. The 90,000 square foot facility provides the company with additional capacity to manufacture advanced wafer probe cards, essential equipment to test semiconductor chips and support the growing test demand of advanced packaging.

The new building features a class 1000 clean room for the assembly and test of MEMS probe cards, as well as office and warehouse space. The new facility represents a significant part of the companys plans to invest approximately $70-80 million in 2021 on manufacturing capacity expansion.

The opening of our new manufacturing facility is critical to answer the growing demand for our test technologies, said Matt Losey, Senior Vice President and GM of FormFactors Probes Business Unit. As our customers expand their chip production, we are dedicated to enabling their test success. Today, we design and ship probe cards with more than 85 million MEMS probes annually to customer fabs around the globe. This new manufacturing center will give us space to grow with the industry in the years ahead.

FormFactors customers include the worlds largest semiconductor manufacturers worldwide, and the companys probe cards are used to test virtually every type of IC manufactured today.

In addition to its Livermore, CA headquarters and probe card manufacturing center, FormFactors US probe card manufacturing facilities include Carlsbad, CA; Baldwin Park, CA and Beaverton, OR.

About FormFactorFormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle from 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 at www.formfactor.com.

Caution Regarding 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 Companys future financial and operating results, the Companys plans, strategies and objectives for future operations. These statements are based on managements current expectations and beliefs as of the date hereof and are subject to a number of risks and uncertainties, many of which are beyond the Companys control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding FormFactors new California manufacturing facility, customer demand, conditions in the semiconductor industry, and other statements regarding the Companys business. 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 Companys products; customer-specific demand; and other factors, including those set forth in the Companys 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.

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

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