FormFactor, Inc. (Nasdaq: FORM) and Teradyne, Inc. (Nasdaq: TER) announced a technology collaboration and a $300 million strategic equity investment by Teradyne in FormFactor, according to a joint press release dated Oct. 12, 2026.

Under the agreement, Teradyne will purchase shares of FormFactor common stock. The transaction is subject to customary closing conditions and regulatory approvals.

The collaboration is intended to advance semiconductor test architectures and production readiness for applications including high-performance compute, advanced packaging, high-bandwidth memory, and silicon photonics.

"The semiconductor industry is entering a period where test performance, scalability, and time-to-market are becoming decisive competitive advantages," said Mike Slessor, Chief Executive Officer of FormFactor. "By combining FormFactor's deep expertise in device characterization, probing, interfaces, and production test solutions with Teradyne's test platforms, we can help customers accelerate innovation and move more efficiently from technology development to high-volume manufacturing."

"The most demanding test challenges in advanced packaging, silicon photonics, and memory can't be solved by a single company," said Gregory Smith, President and Chief Executive Officer of Teradyne. "By investing in FormFactor and combining our leading-edge test platforms with FormFactor's probe and interface expertise, we're building a more complete, validated path to production for our shared customers."