FormFactor, Inc. has entered into a strategic technology collaboration with Teradyne, Inc. to accelerate the development and production of next-generation semiconductor devices. As part of the agreement, Teradyne will make a $300 million strategic equity investment in FormFactor through a private placement.
Key Details
- Investment: Teradyne will purchase 2,234,887 shares of FormFactor's common stock for approximately $300 million in cash.
- Strategic Collaboration: The partnership will combine FormFactor's expertise in probe and interface solutions with Teradyne's automated test platforms, targeting applications in AI, high-performance computing (HPC), and advanced packaging.
- Timeline: The transaction is expected to close in the fourth quarter of fiscal 2026, subject to customary closing conditions.