|By Marketwired .||
|May 19, 2014 09:16 AM EDT||
LIVERMORE, CA -- (Marketwired) -- 05/19/14 -- In its annual Survey* of semiconductor probe card suppliers for 2013, leading market research firm, VLSIresearch, ranked FormFactor (NASDAQ: FORM) as the world's number one vendor.
FormFactor leads the market with the industry's most extensive portfolio of high-performance probe cards for memory and SoC (system-on-chip) applications. The company's revenue for 2013 was $232 million -- 18 percent higher than the nearest competitor, and more than double the revenue of the third highest ranking vendor.
According to the Survey, worldwide sales of semiconductor probe cards for 2013 was $1.2 billion. Steady growth is expected through 2018 when sales are expected to top $1.5 billion.
FormFactor's lead is especially strong in advanced probe cards. This sector accounts for 80 percent of the overall probe card market. FormFactor's revenue here was $217 million -- nearly 26 percent higher than its closest competitor. The company leads with a suite of 3D and 2D MEMS and vertical probe cards for the most advanced memory and SoC devices -- the engines of today's mobile-driven world.
"The worldwide FormFactor team is proud of our strong showing in VLSIresearch's survey," said FormFactor's CEO Tom St. Dennis. "As customers navigate formidable technology transitions, our advanced MEMS technology and essential test expertise helps lower test costs while enabling these technology transitions."
VLSIresearch President Risto Puhakka added, "FormFactor demonstrated the right momentum to claim the top spot in this year's survey. This year's leadership position is a tribute to sustained product development initiatives spanning IC requirements across the advanced probe card space."
*The Probe Card Market - 2013 Market Results & Forecast Update
FormFactor, Inc. (NASDAQ: FORM) is a leader in advanced wafer test solutions. The company's advanced wafer probe cards enable semiconductor manufacturers to lower their overall production costs, improve yields, and bring next-generation devices to market. FormFactor's acquisition of MicroProbe creates the leading wafer test solution provider for both memory and non-memory semiconductor manufacturers. 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, MicroProbe, and the FormFactor and MicroProbe logos are registered or unregistered trademarks of FormFactor, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners.
VLSIresearch is the leading provider of market research and economic analysis on the technical, business and economic aspects within semiconductor, nanotechnology and related industries. The company is known for its unparalleled accuracy, innovation in market research, and its sharply focused insight into the rapidly changing landscapes of the industries covered. VLSIresearch's primary databases and reports cover the semiconductor, flat panel display, PV cell and module manufacturing, and associated high technology industries. VLSIresearch was founded in 1976. The VLSIresearch report, "The Probe Card Market - 2013 Market Results & Forecast Update," is available now at www.vlsiresearch.com.
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 or trends, 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: the capability of the company to grow at or above the same rate as worldwide semiconductor probe cards grow; changes in the market demand for the company's products and the company's position relative to competitive companies; the company's ability to timely develop and deliver products to test advanced memory and SoC devices that customers need for mobile applications; and the company's ability to help customers lower test costs while enabling technology transitions. 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 28, 2013, as filed with the SEC, and subsequent SEC filings, including the company's Quarterly Reports on Forms 10-Q. 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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