FormFactor to sell 2.23M shares to Teradyne for $300M in private placement tied to test collaboration

FORMFACTOR INC

Securities Purchase Agreement dated Oct 6, 2026: Teradyne (TER) buys 2,234,887 FORM shares for ~$300.0M, an implied ~$134.24/share, in a private placement exempt under Section 4(a)(2).
Transaction expected to close in Q4 fiscal 2026, subject to customary closing conditions and regulatory approvals.
Companies announced broad technology collaboration combining FormFactor probe, interface, test-engineering and characterization expertise with Teradyne automated test platforms.
Target applications named: high-performance compute, advanced packaging, high-bandwidth memory (HBM) and silicon photonics, from wafer to data center.
FormFactor CEO Mike Slessor cited test performance and time-to-market as competitive advantages; Teradyne CEO Gregory Smith framed it as an 'open, interoperable ecosystem' for shared customers.

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