Slide 1: FormFactor Investor Presentation
FormFactor Investor Presentation December 2013
Slide 2: The FormFactor at a Glance
The FormFactor at a Glance ▪ Founded 1993, IPO 2003 (NASDAQ: FORM) ▪ Headquarters: Livermore, California ▫ Sales, Service, Design Centers: Japan, Korea, Taiwan, Singapore, EU, China ▫ Manufacturing and R&D Centers: California, Suzhou China ▫ ~1000 employees Worldwide ▪ Largest Probe Card supplier in
Slide 3: FormFactor's Place in the Semiconductor Manufacturing Process
FormFactor’s Place in the Semiconductor Manufacturing Process F R O N T E N D Litho Etch Deposition Metrology Wafer Test B A C K E N D Wafer Dice Assembly Package Package & Package Burn In Final Test PAGE: 3 ©2013 FormFactor Inc
Slide 4: Probe Cards – A Device-Specific Consumable
Probe Cards – A Device-Specific Consumable Testing chips while still on the silicon wafer, prevents the packaging of “bad” chips MEMS MicroSpring® Interconnects Probe layout Chip (Integrated Circuit or IC) matches chip layout Flash DRAM Microprocessors, Memory Memory & other LOGIC PAGE: 4 ©2013 Form
Slide 5: FormFactor's Customer Value Proposition
FormFactor’s Customer Value Proposition ▪ Industry’s largest service and support infrastructure worldwide ▫ Technical support resources in all major IC manufacturing regions ▪ Technology and product portfolio to meet accelerating customer roadmaps ▫ MEMS technology leadership enables wafer test solu
Slide 6: Advanced Probe Card Segments & FFI Market Share
Advanced Probe Card Segments & FFI Market Share DRAM DRAM $225M $264M 46% SOC SOC $453M $576M FLASH FLASH 13% $227 $343 29% Source: VLSI, FormFactor 2013 2012 = $905M 2017 = $1183M Market Leadership in Advanced SoC and Memory Segments PAGE: 6 ©2013 FormFactor Inc
Slide 7: DRAM Growth Now Driven By Mobile Applications
DRAM Growth Now Driven By Mobile Applications 12,000,000 Smart Phones Mobile Computing & Cloud 106 MB Drive DRAM Bit Growth 10,000,000 Tablets Servers Smart Phones > Desktop+Mobile PC 8,000,000 PC Mobile PC Desktop 6,000,000 Smart Phones > Desktop PC 4,000,000 2,000,000 0 2010 2011 2012 2013 2014 20
Slide 8: Advanced SoC Market Growth Focused In Applications Where FormFactor Leads
Advanced SoC Market Growth Focused In Applications Where FormFactor Leads ~$100M of Growth Source: Gartner, VLSI, FormFactor PAGE: 8 ©2013 FormFactor Inc
Slide 9: Summary - FormFactor
Summary - FormFactor ▪ Market share leader for SOC and DRAM advanced probe cards ▪ Transition from PC-centric computing to mobile-centric computing creates significant growth opportunities for FormFactor ▪ Technology leadership in a time of accelerating customer requirements creates growth opportuni