FormFactor opens Texas facility to expand advanced chip testing. Last updated: October 23, 2026 12:44 pm FormFactor Inc. Has opened a manufacturing facility in Farmers Branch, Texas because semiconductor makers need more advanced testing tools for chips that are getting more complex. The opening was announced on October 22 2026. This new plant expands FormFactor's production power. Makes it easier for FormFactor to help semiconductor customers all over the world. I think the investment arrives at a moment when AI, high-performance computing and new ways of packaging semiconductors are raising the demands on chip makers. GPUs, ASICs and HBM devices must undergo testing to confirm their performance, reliability and meeting of quality standards. FormFactor supplies measurement tools for semiconductor chips at every stage from characterization to qualification and through production testing. The new plant will help FormFactor make probe cards and give them flexibility to respond when customer needs change. Why probe cards matter in semiconductor manufacturing. Probe cards are the connection tools used to test semiconductor devices while the devicesre still on the wafer before packaging. Probe cards link testing equipment to the circuits, on the semiconductor wafer. This lets manufacturers find defects and check how well the devices function. As chip designs become more complex testing systems must handle integration, higher performance requirements and more demanding electrical rules. New packaging methods that combine dies or components, into one system add even more testing challenges. These needs are very important for AI accelerators and HBM devices that many data centres and high-performance computers rely on. In those uses defects from manufacturing can cause losses in yield. If testing is not enough reliability after deployment can suffer. FormFactor's facility in Farmers Branch is built to tackle these challenges by boosting production of probe card technologies. The company says that the expansion will make it stronger, at helping customers build next-generation semiconductor devices. Implications for Japan's semiconductor industry. The expansion is important to Japan, where semiconductor manufacturers, equipment suppliers and materials companies form a part of the technology supply chain. Japan has semiconductor materials, semiconductor manufacturing equipment and precision engineering while its technology businesses are also seizing opportunities associated with AI infrastructure and advanced computing. Although the announcement by FormFactor refers to a facility in the United States and does not create an investment its expansion points to a broader industry trend. This trend shows that semiconductor testing capacity is becoming more important as chips become more complex. Japanese businesses that supply semiconductor materials, semiconductor components, semiconductor manufacturing equipment and inspection technologies could benefit indirectly from investment in chip production. As manufacturers raise output demand, for technologies that improve defect detection, process control and production yields may rise. The development also strengthens the importance of testing within Japan's semiconductor strategy. Increasing domestic production capabilities is one part of building a competitive semiconductor ecosystem. Manufacturers must also get access to inspection and testing equipment, skilled engineers and specialised components. For companies involved in advanced packaging, memory and AI-related hardware developments, in probe card manufacturing provide a useful indicator of how the requirements of semiconductor production are changing. What the expansion means for technology businesses. For chip designers and semiconductor manufacturers more probe card production could help support access to testing technologies as demand increases. Real benefits will depend on how production can increase how customers can be qualified and how well the facility can meet specific technical needs. The investment also shows the growing link between spending on AI infrastructure and the semiconductor equipment market. Demand for AI computing relies not on how processors are designed and made, but also on the supporting technologies needed to check complex devices before they are given to customers. Companies that run data centers, cloud platforms and enterprise AI systems could benefit in a way when semiconductor suppliers get better at making quality products and getting them ready for sale. However a new factory on its own does not mean chip prices will go down or that more chips will be made or that delivery times will be shorter. The expansion also shows how important it is to have a spread out location strategy. By making its US manufacturing stronger while still having a network that serves Asia, Europe and North America FormFactor is increasing its ability to help customers in semiconductor markets. For technology companies the main message is that keeping a supply chain means focusing on specialized parts and manufacturing steps, not just on having finished chips. Delays or not enough space, at the testing part of the process can affect the production plan. Advanced testing is becoming more important as AI chips continue to evolve. The FormFactor facility in Farmers Branch shows how semiconductor testing is growing in significance. This is happening in an industry that is being shaped by AI, high-bandwidth memory and advanced packaging. As companies build powerful and complex chips the tools used to test their performance and reliability are becoming a key part of the production process. For Japan this development points to opportunities in semiconductor equipment, materials, inspection and advanced manufacturing. It also reminds global technology companies that investing in the supporting parts of chip production's just as important as investing in fabrication plants and AI computing systems. The long-term impact of the Farmers Branch facility will depend on how FormFactor can scale production and keep up with customer demand. Still its opening shows that investment in technologies, for making next-generation semiconductors is continuing.

FormFactor opens Farmers Branch manufacturing facility to support growing demand for advanced probe card technologies. Strategic investment enhances manufacturing scale, operational flexibility, and customer support as semiconductor test requirements continue to advance. LIVERMORE, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) - FormFactor, Inc. (Nasdaq: FORM), a leading provider of semiconductor test and measurement technologies, today announced the opening of its Farmers Branch manufacturing facility, marking an important milestone in the company's strategy to expand manufacturing capacity, strengthen operational flexibility, and support growing demand for advanced semiconductor test technologies. "The opening of our Farmers Branch facility marks an important milestone for FormFactor, expanding our capabilities and capacity to fuel our future growth," said Missy Figueroa, Senior Vice President, Global Operations at FormFactor. "This investment expands our ability to serve customers worldwide with greater scale, flexibility, and speed, while strengthening our ability to manufacture enabling semiconductor test and measurement technology in the United States." As semiconductor devices become increasingly complex, test requirements to ensure performance, yield, and reliability continue to intensify. The rapid adoption of advanced packaging to enable high-performance compute silicon, including GPUs, custom ASICs, and high-bandwidth memory (HBM), is driving extraordinary demand for advanced semiconductor test solutions. The Farmers Branch investment enhances FormFactor's ability to support these trends by expanding production capacity for advanced probe card technologies and helping customers address rising test complexity as they develop next-generation semiconductor devices. "As semiconductor innovation accelerates, advanced test technologies play an essential role in enabling device performance, yield, and production readiness," said Mike Slessor, Chief Executive Officer of FormFactor. "The opening of our Farmers Branch facility reflects our commitment to investing in the capabilities and technology leadership needed to support our customers as they develop the next generation of semiconductor technologies." At the probe card level, increasing device complexity is placing greater demands on test performance and capability. "Our focus is on advancing probe card technologies that deliver the best performance and scalability our customers need to address evolving test challenges and enable their next-generation high-performance compute roadmaps," said Sudhakar Raman, Senior Vice President and General Manager of FormFactor's Probes Business Unit. The facility is part of FormFactor's global manufacturing and operations network serving customers throughout Asia, Europe, and North America. The investment reflects the company's continued confidence in the long-term growth of the semiconductor industry and the increasing importance of advanced test and measurement technologies in enabling future innovation. About FormFactor 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. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. These statements are based on management's current expectations and beliefs as of the date of this release and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding customer demand, industry growth, manufacturing capacity, operational capabilities, advanced packaging trends, market opportunities, and the Company's plans, strategies, and objectives for future operations. Forward-looking statements may contain words such as "may," "might," "will," "expect," "plan," "anticipate," "forecast," "continue," and similar expressions and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company's products; customer-specific demand; market opportunities; anticipated industry trends; manufacturing and supply chain dynamics; labor availability; changes in macroeconomic conditions; export controls, tariffs, and other trade barriers; geopolitical developments; and other factors, including those set forth in the Company's most current Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company undertakes no obligation to update or revise any forward-looking statements. Investor Contact Stan Finkelstein Investor Relations (925) 290-4273 [email protected]

Teradyne invests $300M in FormFactor for advanced semiconductor testing. This post contains affiliate links, and I will be compensated if you make a purchase after clicking on my links, at no cost to you. FormFactor Inc. and Teradyne have recently announced a sweeping technology partnership designed to revolutionize next-generation semiconductor testing devices. As a core component of this strategic collaboration, Teradyne has committed a substantial $300 million equity investment into FormFactor. This powerful alliance aims to upgrade test architectures, streamline testing infrastructure, and boost production readiness. Both companies seek to target high-performance computing and silicon photonics applications through their combined industry expertise. Table of Contents Strategic technology alignment. The collaboration bridges FormFactor's exceptional probing and interface solutions with Teradyne's automated testing platforms. Together, they intend to tackle complex engineering hurdles across the entire semiconductor supply chain. For more background on industry developments, you can check out its latest optics articles. Driving advanced computing and photonics. Modern workloads demand rigorous testing standards that single entities struggle to achieve independently. This joint venture provides a validated pathway to high-volume manufacturing for cutting-edge silicon architectures. Ecosystem impact and innovation. The partnership strengthens the production ecosystem from wafer processing to data center deployment. Industry experts can stay updated on market changes by following regular optics news updates. Valuation and market dynamics. FormFactor currently trades at $130.28, which sits far above its intrinsic GF Value estimate of $59.76. Despite this high valuation, the company maintains a robust GF Score of 75 out of 100 backed by solid financial health. However, the trailing twelve months price-to-earnings ratio has climbed to 89.29x. This figure represents more than double the historical five-year median for the firm. Insider sentiments versus institutional confidence. Over the past year, company insiders have offloaded approximately $22.1 million in shares with zero recorded insider buying. To explore deeper analyses on related technology hardware, readers can browse various product reviews. Conversely, institutional guru activity remains net positive as multiple major investors increase their respective stakes. Stakeholders must weigh these long-term prospects against immediate valuation metrics and insider transactions. Additional Reading: