FormFactor, Inc. provides an update on impact of Elpida Memory, Inc. reorganization filing
February 28, 2012
LIVERMORE, Calif. — February 28, 2012 — 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.