{"id":816815,"date":"2025-02-24T10:44:24","date_gmt":"2025-02-24T15:44:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/formfactor-announces-the-closing-of-fict-transaction\/"},"modified":"2025-02-24T10:44:24","modified_gmt":"2025-02-24T15:44:24","slug":"formfactor-announces-the-closing-of-fict-transaction","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/formfactor-announces-the-closing-of-fict-transaction\/","title":{"rendered":"FormFactor Announces the Closing of FICT Transaction"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LIVERMORE, Calif., Feb.  24, 2025  (GLOBE NEWSWIRE) &#8212; FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (\u201cMBKP\u201d), of FICT Limited (\u201cFICT\u201d). As stated on February 5<sup>th<\/sup>, 2025, this transaction secures FormFactor\u2019s access to FICT\u2019s 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.\u00a0<\/p>\n<p>FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company\u2019s board of directors. This investment is not expected to have a material impact on FormFactor\u2019s operating results.\u00a0<\/p>\n<p>\u201cFormFactor and MBKP are committed to the success of FICT and FICT\u2019s customers,\u201d commented Mike Slessor, FormFactor CEO. \u201cThis 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.\u201d\u00a0<\/p>\n<p>\n        <u>About\u00a0FormFactor:<\/u>\n      <\/p>\n<p>FormFactor, Inc.\u00a0(NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle &#8211; from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor\u2019s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in\u00a0Asia,\u00a0Europe, and\u00a0North America. For more information, visit the Company\u2019s website at\u00a0<a href=\"http:\/\/www.formfactor.com\/\" rel=\"nofollow\" target=\"_blank\">www.formfactor.com<\/a>.\u00a0<\/p>\n<p>\n        <u>Forward-looking Statements<\/u>:\u00a0<\/p>\n<p>This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the federal securities laws, including with respect to the Company\u2019s future financial and operating results, and the Company\u2019s plans, strategies and objectives for future operations. These statements are based on management\u2019s 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\u2019s 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 the expected impact of the transaction on the Company\u2019s operating results, the expected benefit of the transaction to the Company and the industry, and other statements regarding the Company\u2019s business. Forward-looking statements may contain words such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cforecast,\u201d and \u201ccontinue,\u201d 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\u2019s 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\u2019s 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\u2019s 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 US-China 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.\u00a0<\/p>\n<p>Source: FormFactor, Inc.\u00a0<br \/>FORM-F\u00a0<\/p>\n<p>\n        <strong>Investor Contact<\/strong><br \/>\n        <br \/>Stan Finkelstein<br \/>Investor Relations<br \/>(925) 290-4273<br \/><a href=\"mailto:ir@formfactor.com\" rel=\"nofollow\" target=\"_blank\">ir@formfactor.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4MzE5MyM2Nzc0NDkwIzIwNDk2MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NDM2M2Q2NmQtZTliMS00MDlhLWI5MGEtZTI4N2IyYTAxNmFhLTEwNjExODc=\/tiny\/FormFactor-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) &#8212; FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (\u201cMBKP\u201d), of FICT Limited (\u201cFICT\u201d). As stated on February 5th, 2025, this transaction secures FormFactor\u2019s access to FICT\u2019s 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.\u00a0 FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company\u2019s board of directors. This investment is not expected to have a material impact on FormFactor\u2019s operating results.\u00a0 \u201cFormFactor and MBKP are committed to the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/formfactor-announces-the-closing-of-fict-transaction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FormFactor Announces the Closing of FICT Transaction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-816815","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FormFactor Announces the Closing of FICT Transaction - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/formfactor-announces-the-closing-of-fict-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FormFactor Announces the Closing of FICT Transaction - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) &#8212; FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (\u201cMBKP\u201d), of FICT Limited (\u201cFICT\u201d). As stated on February 5th, 2025, this transaction secures FormFactor\u2019s access to FICT\u2019s 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.\u00a0 FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company\u2019s board of directors. This investment is not expected to have a material impact on FormFactor\u2019s operating results.\u00a0 \u201cFormFactor and MBKP are committed to the &hellip; Continue reading &quot;FormFactor Announces the Closing of FICT Transaction&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/formfactor-announces-the-closing-of-fict-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T15:44:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4MzE5MyM2Nzc0NDkwIzIwNDk2MTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FormFactor Announces the Closing of FICT Transaction\",\"datePublished\":\"2025-02-24T15:44:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/\"},\"wordCount\":787,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM4MzE5MyM2Nzc0NDkwIzIwNDk2MTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/formfactor-announces-the-closing-of-fict-transaction\\\/\",\"name\":\"FormFactor Announces the Closing of FICT Transaction - 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(Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (\u201cMBKP\u201d), of FICT Limited (\u201cFICT\u201d). As stated on February 5th, 2025, this transaction secures FormFactor\u2019s access to FICT\u2019s 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.\u00a0 FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company\u2019s board of directors. 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