FormFactor and Teradyne announced a broad technology collaboration and a $300 million strategic equity investment on October 12, 2026, to advance semiconductor testing for AI and high-performance computing.
Strategic Technology Collaboration
FormFactor and Teradyne entered into an agreement to combine their respective test technologies. According to the companies, the partnership aims to accelerate the development, validation, and high-volume production deployment of next-generation semiconductor devices.
The collaboration brings together FormFactor's expertise in probe technologies, interface solutions, test engineering, and device characterization with Teradyne's automated test platforms. Together, the companies plan to address growing semiconductor complexity in high-performance compute, advanced packaging, high-bandwidth memory, and silicon photonics.
Strategic Equity Investment
Under the terms of the agreement, Teradyne agreed to make a $300 million strategic equity investment by purchasing shares of FormFactor common stock. FormFactor Chief Executive Officer Mike Slessor and Teradyne Chief Executive Officer Gregory Smith stated that the combination of their platforms will help shared customers move more efficiently from development to high-volume manufacturing.
The transaction is subject to customary closing conditions and regulatory approvals.
Key facts and where they come from
- FormFactor and Teradyne entered into a broad technology collaboration.
the two companies have entered into a broad technology collaboration aimed at accelerating the development, validation, and high-volume production deployment of next-generation semiconductor devices.
- Teradyne agreed to make a $300 million strategic equity investment in FormFactor.
Teradyne has agreed to make a $300 million strategic equity investment.
