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FormFactor closes FICT transaction

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.

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