FormFactor Extends Market Share Gains as Top Supplier of Semiconductor Probe Cards
April 30, 2018
Annual VLSI Research Report Recognizes FormFactor as Worldwide Leader in Probe Card Revenues
LIVERMORE, Calif., April 30, 2018 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ:FORM), a leading electrical test and measurement supplier to the semiconductor industry, was again ranked as the world’s number one supplier of semiconductor probe cards for 2017 by market research firm VLSIresearch. In its annual report on the probe card market, VLSI reported that FormFactor increased its market share to 34% of the advanced probe card market, with more than double the share of its nearest competitor.
VLSIresearch forecasts the advanced probe card market will grow at 5.6% CAGR to reach $1.87 billion by 2022. According to their survey, the fastest growing sub-segment in this sector is MEMS fabricated probe cards growing at 6.7% CAGR, where FormFactor grew its leading share position to 40% of the $927M market. According to VLSIresearch, factors contributing to this trend include the use of advanced probe card technologies to both enable the testing of advanced packaging technologies and to reduce overall test costs.
“FormFactor’s breadth of advanced probe card technology and its commitment to expand the markets it serves has contributed significantly to the company’s revenue growth,” said Risto Puhakka, president of VLSIresearch. “The desire by semiconductor manufacturers for higher parallelism testing to reduce costs is a growing area where FormFactor has enabling technology. Similarly, FormFactor has test solutions for copper pillar bumping and 2.5D/3D advanced packaging – these are important trends in the semiconductor industry and have added to FormFactor’s results.”
“Our close collaboration with the world’s leading semiconductor manufacturers continues to bring benefits to both FormFactor and to our customers,” said FormFactor CEO Mike Slessor. “Our growth, along with the extension of our leadership position, is the result of a focus and dedication to helping our customers achieve their performance and cost objectives. FormFactor’s people, technologies and innovation make it possible for our customers to bring their products to market faster and accelerate 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 leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.