FormFactor (FORM) said Tuesday it entered into a technology partnership and share purchase deals with Advantest, building on a multiyear collaboration between the companies.
The multiyear collaboration aims to fast-track innovation to enable advanced packaging and high-performance compute, FormFactor said.
The company said the issuance of about 335,000 shares at $44.78 per share under the share purchase deal is not expected to materially impact its financial statements.
FormFactor shares were up 2.9% in recent Tuesday trading.
Price: 47.44, Change: +1.32, Percent Change: +2.86
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