Formfactor, Inc. · NASDAQ:FORM
Formfactor — Investor Presentation (February 2012)
12 slides from Formfactor's investor presentation, February 2012
Slide 1: FormFactor Inc. Investor Presentation
FormFactor Inc. Investor Presentation February 2012
Slide 2: Disclosure
Disclosure FORWARD-LOOKING STATEMENTS: This presentation contains forward-looking statements within the meaning of the federal securities laws, including statements regarding business momentum, demand for our products and future growth. These forward- looking statements are based on current informat
Slide 3: FormFactor At a Glance
FormFactor At a Glance ▪ Founded 1993 – NASDAQ: FORM IPO 2003 ▪ Headquarters: Livermore, California ▫ Sales, Service, Repair and Design Centers: Japan, Korea, Taiwan, Singapore ▫ Manufacturing and R&D Centers: Livermore, Yokohama ▫ 750 employees Worldwide ▪ Broad MEMS and Probe Card Technology Portf
Slide 4: Semiconductor Manufacturing
Semiconductor Manufacturing F R O N T E N D Litho Etch Deposition Metrology Wafer Test B A C K E N D Wafer Cut Package Package Burn In Final Test 4 Assembly & Package
Slide 5: Semiconductor Manufacturing
Semiconductor Manufacturing F R O N T E N D Litho Etch Deposition Metrology Automated Probe Card Test Equipment (ATE) Wafer Test Wafer Prober B A C K E N D Wafer Cut Package Package Burn In Final Test 5 Assembly & Package
Slide 6: Advanced Probe Card Market Characteristics
Advanced Probe Card Market Characteristics ▪ New Probe Cards for each new IC Design ▫ High Degree of Customization ▪ Complex System Level Product Enabling IC Roadmap ▫ Integration of MEMS probes , precision mechanical assemblies, complex PC board assembly, ASIC components, software/firmware ▪ Rapid
Slide 7: Probe Card Market History and Forecast
Probe Card Market History and Forecast Source: VLSI, Gartner, FFI estimates Note: DRAM includes other advanced memory SOC Advanced PC market CAGR~ 14% 2010 - 2015 DRAM Advanced PC market – Stable / Flat FLASH Advanced PC market CAGR~ 10% 2010 - 2015
Slide 8: Probe Cards - A Growth Opportunity
Probe Cards - A Growth Opportunity 16% 14% 12% 10% CAGR 8% 2010‐2015 6% 4% 2% 0% Advanced Advanced ATE Pkg & Wafer Fab Source: VLSI, Gartner, FFI SOC PC MEM PC Assbly Equip Equip Source: VLSI, Gartner, FFI estimates Probe Card market is growing faster then the overall Semi equipment market
Slide 9: FormFactor Growth Strategy
FormFactor Growth Strategy ▪ Accelerate Advanced Probe Card adoption by enabling lower Cost of Test ▪ Expand advanced Flip Chip market position via new MEMS vertical spring technology ▪ Grow DRAM share via next generation Matrix Platform 9
Slide 10: Summary
Summary The probe card market continues to be a growth opportunity Focused on strengthening DRAM base and growing SOC FFI has strong technical and financial assets to meet the challenge of the advanced probe card market
Slide 11: Framework for FFI's Recovery
Framework for FFI’s Recovery FFI’s
Slide 12: 2011 Accomplishments
2011 Accomplishments ▪ Restructured : Q3 2010 Opex $26M Æ Q4 2011 Opex $19M ▪ Re-established business at top four DRAM customers ▫ Matrix qualified and in production at 3 customers ▫ Next Generation Matrix in qualification at 4th customer ▫ Next Generation Matrix in qual at second customer, with thi