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LIVERMORE, Calif., April 29, 2019 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading electrical test and measurement supplier to the semiconductor industry, was again ranked as the world’s number one supplier of semiconductor probe cards for 2018 by market research firm VLSIresearch.
VLSIresearch forecasts the advanced probe card market will grow at 5.2% CAGR to reach $1.72 billion by 2024. According to their survey, the fastest growing sub-segment in this sector is MEMS fabricated probe cards which grew at 14.9% CAGR from 2013-2018, with FormFactor maintaining the leading share of the $1.02B market segment. Driving the rapid growth and migration to advanced MEMS technology is the accelerating adoption of advanced packaging methods, including copper pillars, 2.5/3D packages, and other techniques to interconnect multiple die into a single package -- resulting in more stringent test specifications.
“The winners in the probe card market react quickly and are responsive to their customers,” said Risto Puhakka, president of VLSIresearch. “Semiconductor technology advancements, such as advanced packaging, push the capabilities of probe card suppliers to enable production test with tighter probe pitch and increasing interconnect density. Suppliers need to be both deep in technical capability and fast in the development of new probe solutions to these challenges.”
“Our breadth of wafer probe test technologies and our worldwide footprint provides us access to a wide variety of semiconductor applications, such as memory, foundry and logic, and RF,” said FormFactor CEO Mike Slessor. “Our diverse toolkit and experienced technologists enable us to support the world’s leading semiconductor manufacturers. These relationships benefit FormFactor, our customers, and our investors. In the challenging, fast-moving world of semiconductor manufacturing, FormFactor’s people, technologies and innovation help our customers to bring new products to market faster and accelerate their profitability.”
FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.
VLSIresearch is an award-winning provider of market research and economic analysis on the technical, business, and economic aspects within semiconductor, nanotechnology, and related industries. VLSIresearch provides intelligence for faster and better decision making in the areas of semiconductors, photovoltaics, LEDs, manufacturing, materials, and critical subsystems. VLSIresearch was founded in 1976