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FormFactor (FORM) Announces the Acquisition of Keystone Photonics, Here’s What You Need to Know
Yahoo Finance· 2025-12-31 16:42
Group 1 - FormFactor, Inc. announced the acquisition of Keystone Photonics to enhance its capabilities in silicon photonics and co-packaged optics for wafer testing [1][2] - The acquisition is a strategic move to meet the increasing demand from AI data centers for faster data communication with lower power consumption [2] - Management expects silicon photonics to grow at a CAGR of 30% until 2029, positioning FormFactor favorably to support manufacturers transitioning to high-volume production [4] Group 2 - Wall Street analysts maintain a positive outlook on FormFactor, with Craig-Hallum and B. Riley Securities reiterating Buy ratings and raising price targets from $66 to $78 [5] - FormFactor provides essential test and measurement technologies throughout the semiconductor lifecycle, including solutions for quantum engineers [6]