FormFactor (FORM) announced the closing of its acquisition, together with North Asia private equity firm MBK Partners, of FICT Limited. As stated on February 5th, 2025, this transaction secures FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets. FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company’s board of directors. This investment is not expected to have a material impact on FormFactor’s operating results.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FORM:
- Quantum Leap: IonQ and General Dynamics team on government applications
- FormFactor (FORM) Navigates Growth Amidst Challenges in Earnings Call
- FormFactor price target lowered to $35 from $44 at TD Cowen
- FormFactor price target lowered to $45 from $60 at Craig-Hallum
- FormFactor price target lowered to $50 from $55 at DA Davidson
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue