LIVERMORE, Calif., April 27, 2017 (GLOBE NEWSWIRE) -- In its annual survey of semiconductor probe card suppliers for 2016, leading market research firm VLSIresearch again ranked FormFactor (NASDAQ:FORM) as the world’s number one supplier on a revenue basis. FormFactor increased its market share to 30% in the advanced probe card market and expanded its lead to more than double its nearest competitor, from both organic share gains as well as six months of inorganic growth resulting from the second-half addition of Cascade Microtech revenues.
VLSIresearch forecasts the advanced probe card market will grow at 6.7% CAGR to reach $1.5 billion by 2021. According to their survey, the fastest growing sub-segment in this sector is MEMS fabricated probe cards growing at 8.9% CAGR, where FormFactor achieved a commanding market share of 40%. VLSIresearch described this upward trend as driven by migration to higher parallelism testing to reduce test cost, and the need for finer pitches, to enable advanced packaging technologies such as copper pillar bumping and 2.5D/3D integrated circuit package test.
“FormFactor has experienced impressive growth both organically and through the acquisition of Cascade Microtech in the second half of 2016,” said Risto Puhakka, president of VLSIresearch. “FormFactor’s scale and technology now place them in a strong position as top supplier, serving a customer base that demands increased quality and performance to address key technology transitions.”
“Our goal has always been to continually innovate and improve products and processes to enable our customers to meet their test and measurement challenges,” said FormFactor CEO Mike Slessor. “With our investments in technology and an exceptional global support network, we partner with customers throughout the development process, helping them optimize device performance and advance yield knowledge, ultimately accelerating their profitability.”
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.
FormFactor, Inc. (NASDAQ:FORM), is a worldwide leader in essential test technologies and expertise, including a broad portfolio of high-performance probe cards, engineering probes, probe stations and reliability test systems. For semiconductor companies and scientific institutions, FormFactor delivers access to electrical information from wafers, integrated circuits (ICs), IC packages, optical devices, and more. Customers use FormFactor’s products and services to lower overall production costs, improve their yields, and enable complex next-generation ICs. The Company services customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.
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; 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 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, 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.