Latest news with #FarmersBranch
Globe and Mail
02-06-2025
- Business
- Globe and Mail
FormFactor, Inc. Announces Purchase of New Manufacturing Facility
LIVERMORE, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, today announced that it has purchased a manufacturing site in Farmers Branch, Texas. The site, which comprises four structures and includes 50,000 square feet of clean room space, was purchased for $55 million dollars. Commenting on the purchase, Mike Slessor, CEO of FormFactor, Inc., said, 'FormFactor's purchase of the Farmers Branch, Texas manufacturing facility enables us to acquire a scarce, fit-for-purpose asset that aligns with our strategic roadmap and provides significant operational flexibility. Located in a lower-operating cost region, it is one of a handful of existing facilities in the U.S. that has a clean room and comes equipped with the infrastructure to meet our future manufacturing needs.' Slessor added, 'As we've said for some time, we are seeing increased test intensity driven by the adoption of advanced packaging technologies, which is in turn driving increased demand for FormFactor's probe-card products. This is evident in the recent rapid growth of our High Bandwidth Memory, or HBM, probe-card revenue, and we expect this advanced-packaging driven growth to continue.'. 'The purchase of this facility, for a competitive price, creates optionality for us in cost-effectively meeting this anticipated increasing long-term demand, and it will be an important step forward as we refine our operational strategy.' About FormFactor: FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at Forward-looking Statements: This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the federal securities laws, including with respect to the Company's future financial and operating results, and the Company's plans, strategies and objectives for future operations. These statements are based on management's current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding future financial and operating results, including under the heading 'Outlook' above, market trends, conditions in and the growth of the semiconductor industry and the Company's performance, and other statements regarding the Company's business. Forward-looking statements may contain words such as 'may,' 'might,' 'will,' 'expect,' 'plan,' 'anticipate,' 'forecast,' 'continue,' and "prospect," and the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in and impacts from export control, tariffs and other trade barriers; changes in demand for the Company's products; customer-specific demand; market opportunity; anticipated industry trends; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company's realization of benefits from acquisitions; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as tariffs, military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; and other factors, including those set forth in the Company's most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise.
CBS News
07-05-2025
- Politics
- CBS News
North Texas school holds mock mini-conclave ahead of the election of a new pope in Rome
The Papal Conclave begins Wednesday in Rome, but on Tuesday, some North Texas school kids got a hands-on lesson on what will be happening at the Vatican. Mary Immaculate Catholic School in Farmers Branch held a mock conclave Tuesday morning, where they elected their very own pope. It's been 12 years since the last Papal Conclave, so for most of the students at Mary Immaculate, what's happening in Rome is a first for them. "This is an opportunity of a lifetime for the children to actually experience the election of a new pope," said Father Alphonse Nazzaro, pastoral administrator at MIS. "This doesn't happen often, and so I think it's a wonderful chance for the children to see the process, procedures, the attention to detail that is involved in electing a new pope." They didn't have much time, but in a matter of days, the school was able to put together a mini-conclave. The seventh and eighth grade boys donned scarlet robes, processed into their own Sistine Chapel, locked the doors, and began the secret process of electing the next pope. The children weren't able to reach a two-thirds consensus on the first round of ballots, as may be the case in Rome on Wednesday. Eventually, the cardinals at MIS were able to signal to all those anxiously waiting that they had chosen a new pope. The students cheered wildly at the sight of white smoke pouring from the chimney, as their classmate "Cardinal" Christopher Gleichman, who chose the name Pope James, waved to the crowd from the elevated platform resembling the balcony at St. Peter's. He even took a brief ride in a makeshift popemobile. It was a fun experience for everyone, but the hope is that the lesson will stay with even the youngest of children for a lifetime. "It's just a great opportunity for everyone -- even the littles," said eighth grader Lilyauna Montoya. "They might not have known what was going on, but to get excited for the white and black smoke, to show that's what's actually happening back up in Rome." "Of course, they're identifying with, 'Oh, here's a student in our school who was just elected pope,' and on the little popemobile, he's generating an excitement that's more like a basketball game," said principal Sister Mary Anne. "But they do understand on some level that they were part of a process." It's a process that, when it plays out in reality this week in Rome, may bring hope, not just to Roman Catholics, but the entire world.
