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FormFactor, Inc. Announces Purchase of New Manufacturing Facility
Globenewswireยท 2025-06-02 13:15
Core Insights - FormFactor, Inc. has acquired a manufacturing facility in Farmers Branch, Texas for $55 million, which includes 50,000 square feet of clean room space, enhancing its operational flexibility and aligning with its long-term growth strategy [1][2][3] Company Strategy - The acquisition of the Texas facility is seen as a strategic move to secure a fit-for-purpose asset that will support the company's future manufacturing needs in a lower-cost operating region [2][3] - The company anticipates increased test intensity driven by advanced packaging technologies, leading to higher demand for its probe-card products, particularly in High Bandwidth Memory (HBM) [2][3] Operational Impact - The new facility is expected to provide cost-effective options to meet the anticipated long-term demand for semiconductor testing and measurement technologies [3]