Wagner to chair Company’s Audit Committee

LIVERMORE, Calif. – March 17, 2004 – FormFactor, Inc. (Nasdaq: FORM) today announced the election of Harvey A. Wagner to the Company’s board of directors and as the Chair of the Audit Committee. As the fifth outside director on the company’s seven-member board, Mr. Wagner strengthens FormFactor’s policy of board independence.

Mr. Wagner, 64, has over 35 years of broad financial and general management experience in Fortune 500 companies as well as emerging, multi-national high-technology companies. He currently is President and Chief Executive Officer of Quovadx, Inc., a Nasdaq-listed global software and services firm, and has served as a director of Quovadx since April 2004. Mr. Wagner also sits on the Board of Cree, Inc., a Nasdaq-listed developer and manufacturer of semiconductor materials and devices, and has served as CFO for four New York Stock Exchange and two Nasdaq- listed companies in the software, computer hardware, energy and telecommunications industries.

Dr. William H. Davidow, FormFactor’s Chairman of the Board of Directors, commented on the Wagner appointment, “Harvey has a track record of improving profitability, managing growth and implementing strategic business planning. He brings valuable accounting and business acumen to the FormFactor Board and Audit Committee, and will play an important role as the Company moves into its next stages of growth.”