LIVERMORE, CA--(Marketwire -02/28/12)- FormFactor, Inc. (NASDAQ: FORM - News) 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.
Founded in 1993, FormFactor, Inc. (NASDAQ: FORM - News) 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 www.formfactor.com.
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.
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 http://investors.formfactor.com/edgar.cfm. 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.