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TheStreet Open House

FormFactor's CEO Presents At MicroProbe Acquisition Conference (Transcript)

Mike Slessor, the CEO of MicroProbe has done an outstanding job of leading the MicroProbe team over the past four years to be the industry leader it is today. Mike’s industry experience, technical background and clear thinking business judgment and are key assets for MicroProbe, and I’m happy to say we’ll continue to be in the combined company. Mike will continue to lead the MicroProbe business after the merger. Mike is here this morning. I would like to share some thoughts about this transaction. Mike?

Mike Slessor

Thank you, Tom and good morning everyone. I’m very excited to be part of this transformational event in the two companies’ histories, as we join forces to build the preeminent global probe cards supplier. As Tom has mentioned, the MicroProbe team is very focused on the advanced SOC segment of the probe card market. Our recent growth has been the result of both share gains, as well as significant growth in this SOC market. The key market driver is the recent proliferation of complex processors like devices in the semiconductor supply chain, powering not just PCs, but also smartphones, tablets, and other mobile connectivity devices.

Our share gains have been driven by a series of major design wins. These wins are the results of focused technology and support investments that helped our customers to meet the challenging wafer test requirements of high performance 28 nanometre and 22 nanometer devices. With the complexity and time to market challenges, our SOC, MPU and GPU customer space. We see this overall trend continuing and even accelerating. We will continue to focus our resources on helping customers successfully meet these challenges and look forward to continued growth as part of the FormFactor team.

Thomas St. Dennis

Thanks Mike. This transaction is the transformational event for FormFactor. It expands the company’s capabilities significantly while diversifying the revenue base to the high growth SOC market. It’s an outstanding opportunity and I’m really pleased, we were able to make it happen. Mike Ludwig will now go over the details of the transaction and some background in MicroProbe’s financial performance. Mike?

Read the rest of this transcript for free on seekingalpha.com

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