Semiconductors & Semiconductor Capital Equipment
FormFactor, Inc. (Nasdaq:FORM) announced that it has completed the acquisition of Cascade Microtech, Inc. (NASDAQ: CSCD),a worldwide leader in precision contact, electrical measurement and test of integrated circuits (ICs), optical devices and other small structures, for a net purchase price of $352 million in cash and stock. Needham & Company acted as the exclusive financial advisor and provided a fairness opinion to the Board of Directors of FormFactor, Inc. as part of its services.
FormFactor, Inc. (NASDAQ: FORM) helps semiconductor manufacturers test the integrated circuits (ICs) that power consumer mobile devices, as well as computing, automotive and other applications. The company is one of the world’s leading providers of essential wafer test technologies and expertise, with an extensive portfolio of high-performance probe cards for DRAM, Flash and SoC devices. Customers use FormFactor’s products and services to lower overall production costs, improve their yields and enable complex next-generation ICs. Headquartered in Livermore, California, the company services its customers from a network of facilities in Europe, Asia and North America.