FormFactor Hires Industry Veteran Thomas Ho to Head Global Applications Organization
January 19, 2007
LIVERMORE, Calif. – January 19, 2007 – FormFactor, Inc. (Nasdaq: FORM) today announced it has hired Thomas Ho, a 20-plus-year veteran of the semiconductor test industry and former chief technology officer of Credence Systems, to serve as its vice president of applications. Reporting to FormFactor CEO, Dr. Igor Khandros, Ho will be responsible for managing the company’s worldwide product applications group, which works closely with customers to accelerate and optimize the implementation of FormFactor’s advanced wafer probe card solutions.
“Our customers continue to face a growing array of wafer testing challenges at a time when they are reducing their internal engineering resources. Increasingly, they need complete solutions that combine leading-edge technology with applications know-how,” stated Dr. Khandros. “Tom will play a critical role in helping FormFactor to continue building a world-class applications organization that will enhance our ability to support our customers’ aggressive technology roadmaps and test cost-reduction goals with customized probe card solutions, as well as drive new business growth opportunities for us.”
Prior to joining FormFactor, Ho spent two years at Credence Systems, where he served in several executive management positions, including vice president of business development, vice president of new product introduction and chief technology officer. Before that, he spent more than 20 years at Schlumberger and NPTest (a business unit of Schlumberger ATE prior to its spin-off in 2003 and acquisition by Credence in 2004). At Schlumberger and NPTest, Ho held a variety of senior management roles, including: vice president and general manager of Schlumberger’s SABER test and product engineering service business; vice president and general manager of smart cards and terminals, Asia; and vice president of ATE product development. Ho holds a bachelor’s degree in electrical engineering/computer science from the University of California at Berkeley and an M.B.A. from the University of Santa Clara.
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 company’s applications organization, its ability to support its customers and its future growth. 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 build a world-class applications organization; to develop and deliver innovative technologies; to support its customers’ technology roadmaps and test cost-reduction goals; to help its customers to lower their overall cost of test; to drive its product development pipeline and support multiple growth drivers in its customers’ businesses; and to continue to ramp its factory capacity and increase production efficiencies and yields in its manufacturing operations and to expand globally. 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, 2005 and the company’s subsequent 10-Q and 8-K filings, which the company files with the Securities and Exchange Commission (“SEC”). 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.