LIVERMORE, CA — (Marketwire) — 02/28/12 — FormFactor, Inc. (NASDAQ: FORM) today announced that Elpida Memory, Inc.-s filing of corporate reorganization proceedings in Japan is not currently expected to have a material impact in the near term on FormFactor-s financial position or results of operations. As disclosed in FormFactor-s Annual Report on Form 10-K for fiscal 2011, filed earlier this month, sales to companies in the Elpida Memory group represented 18.2% of FormFactor-s 2011 revenues, including sales to Rexchip Electronics Corporation and Tera Probe, Inc., which are not directly involved in the corporate reorganization proceedings.
FormFactor has a long standing relationship with Elpida Memory and remains committed to supporting Elpida Memory-s wafer test requirements as it works through its corporate reorganization.
About FormFactor:
Founded in 1993, FormFactor, Inc. (NASDAQ: FORM) is a leader in advanced wafer probe cards, which are used by semiconductor manufacturers to electrically test integrated circuits, or ICs. The company-s wafer sort, burn-in and device performance testing products move IC testing upstream from post-packaging to the wafer level, enabling semiconductor manufacturers to lower their overall production costs, improve yields, and bring next-generation devices to market. FormFactor is headquartered in Livermore, California with operations in Europe, Asia and North America. For more information, visit the company-s website at .
FormFactor and the FormFactor logo are registered trademarks of FormFactor, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners.
Forward-looking Statements:
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, expectations and operating 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 the market and industry environment, including demand for semiconductor devices and Elpida Memory-s successful execution of its reorganization plans. 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 Form 10-K for the fiscal year ended December 31, 2011, as filed with the SEC, and subsequent SEC filings. Copies of the company-s SEC filings are available at . 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 materially from those anticipated in forward-looking statements.
Stan Finkelstein
Investor Relations
(925) 290-4321
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