FormFactor Announces the Closing of its Divestiture of China Operations

February 26, 2024

https://www.globenewswire.com/news-release/2024/02/26/2835471/0/en/FormFactor-Announces-the-Closing-of-its-Divestiture-of-China-Operations.html

LIVERMORE, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq:FORM) is pleased to announce the closing of its sale of FormFactor’s Suzhou and Shanghai companies to Grand Junction Semiconductor Pte. Ltd. (GJS), for $25M in cash, subject to taxes and customary purchase price adjustments. The transaction is part of a long-term partnership between the two companies, initially announced February 7th, 2024, which also includes an exclusive distribution and partnership agreement to continue sales and support of FormFactor’s products in China.

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