FormFactor, Inc. Provides an Update on Impact of Elpida Memory, Inc. Reorganization Filing
February 28 2012 - 4:05PM
Marketwired
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.
About FormFactor: Founded in 1993, FormFactor, Inc. (NASDAQ:
FORM) is a leader in advanced wafer probe cards, which are used by
semiconductor manufacturers to electrically test integrated
circuits, or ICs. The company's wafer sort, burn-in and device
performance testing products move IC testing upstream from
post-packaging to the wafer level, enabling semiconductor
manufacturers to lower their overall production costs, improve
yields, and bring next-generation devices to market. FormFactor is
headquartered in Livermore, California with operations in Europe,
Asia and North America. For more information, visit the company's
website at www.formfactor.com.
FormFactor and the FormFactor logo are registered trademarks of
FormFactor, Inc. All other product, trademark, company or service
names mentioned herein are the property of their respective
owners.
Forward-looking Statements: 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 anticipated results, market
conditions, expectations and operating plans. 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: changes in the market and industry
environment, including demand for semiconductor devices and Elpida
Memory's successful execution of its reorganization plans.
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, 2011, as filed with the SEC,
and subsequent SEC filings. 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.
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Investor Contact: Stan Finkelstein Investor Relations
(925) 290-4321 Email Contact
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