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Friday, March 29, 2024

FormFactor Provides an Update on Impact of Elpida Memory Reorganization Filing

Courtesy of Benzinga.

FormFactor, Inc. (NASDAQ: FORM) today announced that Elpida Memory, Inc.’s filing of corporate reorganization proceedings in Japan is not currently expected to have a material impact in the near term on FormFactor’s financial position or results of operations. As disclosed in FormFactor’s Annual Report on Form 10-K for fiscal 2011, filed earlier this month, sales to companies in the Elpida Memory group represented 18.2% of FormFactor’s 2011 revenues, including sales to Rexchip Electronics Corporation and Tera Probe, Inc., which are not directly involved in the corporate reorganization proceedings.


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