FormFactor Updates Business Status after Japan Earthquake and Tsunami
March 14, 2011
LIVERMORE, Calif. — March 14, 2011 — FormFactor, Inc. (Nasdaq: FORM) today announced that it has completed a status review of its employees, its Japan operations, and it suppliers following the earthquake and tsunami in Japan.
FormFactor’s manufacturing and repair facility in Yokohama, Japan and its repair operations in Hiroshima, Japan are not damaged and are ready to resume operations consistent with the power usage guidelines of the Japanese power industry. Based on the company’s current assessment, FormFactor’s key Japan-based suppliers have not experienced any significant damage to their facilities and are resuming operations consistent with the power usage guidelines in their respective areas. FormFactor is working closely with customers to coordinate deliveries to their factories. The company believes its Livermore manufacturing facility has the capacity to offset any potential manufacturing constraints that may be realized by its Japan operations. FormFactor will provide updates to its Japan operations as necessary. As a result of the company’s current assessment of the effects of the Japan earthquake and tsunami, the company does not believe the Q1 guidance it communicated on February 1 and reaffirmed on March 8 is impacted.