Formfactor Announces Technology Access Agreement With Hynix
June 12, 2006
LIVERMORE, Calif. – June 12, 2006 – FormFactor, Inc. (Nasdaq: FORM) today announced that it has signed a technology agreement with Hynix Semiconductor Inc. to provide the Korean- based memory manufacturer with advanced wafer probe cards using FormFactor’s proprietary test equipment extension technology, known as TRETM test technology. FormFactor estimates that by utilizing its TRE technology, Hynix will be able to increase the total test capacity of its existing test equipment by more than 75%.
“As one of the world’s leading memory manufacturers, Hynix is dedicated to providing its customers with premium products, on time and at an excellent value. Achieving this goal rests on the ability to lower the cost of production, as well as improve manufacturing and test efficiency,” said Sung Wook Park, Senior Vice President, Research and Development Division, Hynix. “FormFactor’s TRE technology helps us to increase our test cell productivity without increasing our capital equipment costs, so we can better meet our customers’ requirements.”
“FormFactor’s years of experience in developing solutions to test more die in parallel have translated into significant savings to semiconductor manufacturers,” said Joe Bronson, FormFactor’s president. “Our engagement with Hynix exemplifies how we work with customers to help them lower their overall cost of production on leading-edge 300mm DRAM wafers. “
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 the performance of our products. 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: the company’s ability to engage with customers and help them to lower their cost of test. 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-Q for the period ending April 1, 2006, filed with the Securities and Exchange Commission (“SEC”), and other SEC filings. Copies of SEC filings made by the company 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.