Rohde & Schwarz Joins FormFactor’s MeasureOne Partner Program, Advancing Their Partnership in On-Wafer RF Component Characterization

Rhea-AI Summary

FormFactor (NASDAQ: FORM) and Rohde & Schwarz announced a strategic co-marketing partnership within FormFactor’s MeasureOne program on March 25, 2026. The collaboration integrates FormFactor probe stations with Rohde & Schwarz RF instrumentation to deliver validated, turnkey on-wafer RF test systems.

The integrated offering targets RF device characterization from design verification through production, aiming to lower integration effort and risk, reduce costs, and accelerate time-to-market for manufacturers of 5G frontends, filters and next-generation semiconductors.

News Market Reaction – FORM

+2.41%

17 alerts

+2.41% News Effect

-8.0% Trough in 29 hr 23 min

+$194M Valuation Impact

$8.22B Market Cap

0.1x Rel. Volume

On the day this news was published, FORM gained 2.41%, reflecting a moderate positive market reaction. Argus tracked a trough of -8.0% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $194M to the company's valuation, bringing the market cap to $8.22B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

5G frontends: 5G

1 metrics

5G frontends 5G RF components such as 5G frontends or filters targeted for on-wafer test

Market Reality Check

Price: $97.93 Vol: Volume 2,241,947 is 1.55x...

high vol

$97.93 Last Close

Volume Volume 2,241,947 is 1.55x the 20-day average of 1,447,067, indicating elevated interest ahead of/around this news. high

Technical Price at 105.53 is trading above the 200-day MA of 52.93 and sits 1.84% below the 52-week high of 107.50.

Peers on Argus

FORM gained 8.57% with several semiconductor equipment peers also higher: ACLS +...

FORM gained 8.57% with several semiconductor equipment peers also higher: ACLS +10.22%, IPGP +6.95%, CAMT +6.68%, KLIC +5.93%, and AMBA +1.62%, indicating a supportive sector backdrop alongside company-specific partnership news.

Previous Partnership Reports

2 past events · Latest: Mar 06 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Mar 06	Quantum partnership	Positive	+3.6%	Delft Circuits partnership to greatly expand quantum interfacing channel density.
Jan 07	Advantest partnership	Positive	+2.4%	Expanded Advantest partnership and share purchase focused on wafer-level test.

Pattern Detected

Past partnership announcements have been followed by consistently positive one-day price reactions in the low single digits.

Recent Company History

Recent history shows FormFactor using partnerships to extend its test and measurement ecosystem. In January 2025, it expanded a technology partnership with Advantest, including a share purchase agreement tied to high-performance compute and generative-AI applications. In March 2025, it partnered with Delft Circuits to boost quantum system channel density up to 1920 channels. Those partnership updates produced one-day gains of 3.61% and 2.43%, framing today’s RF-focused MeasureOne expansion as another step in that strategy.

Historical Comparison

+3.0% avg move · In the past year, FORM’s two partnership announcements averaged a 3.02% one-day move. Today’s 8.57% ...

partnership

+3.0%

Average Historical Move partnership

In the past year, FORM’s two partnership announcements averaged a 3.02% one-day move. Today’s 8.57% reaction to the Rohde & Schwarz MeasureOne expansion is notably stronger than that trend.

Partnerships have broadened FormFactor’s ecosystem from quantum interfacing with Delft Circuits to wafer-level test with Advantest, and now to integrated on-wafer RF characterization with Rohde & Schwarz under the MeasureOne program.

Market Pulse Summary

This announcement extends FormFactor’s MeasureOne program through a deeper collaboration with Rohde ...

Analysis

This announcement extends FormFactor’s MeasureOne program through a deeper collaboration with Rohde & Schwarz, integrating wafer probing and RF instrumentation for turnkey on-wafer characterization of components such as 5G frontends. Historically, partnership news has coincided with modestly positive one-day moves averaging 3.02%. Investors may track how this RF-focused expansion complements earlier quantum and ATE collaborations, while also monitoring execution, customer adoption, and any signals from ongoing regulatory filings and insider trading activity.

Key Terms

on-wafer, rf, cryogenic, spectrum analyzers, +3 more

7 terms

on-wafer technical

"a solution-integration initiative designed to deliver validated, turnkey on-wafer test systems"

On-wafer describes processes, measurements or tests performed directly on a semiconductor wafer before it is cut into individual chips. Think of it like checking and fixing a whole sheet of cookies before breaking them apart: it lets manufacturers catch defects early, improve yields, and reduce cost and delay, which matters to investors because it affects production quality, unit costs and the speed at which new products reach the market.

rf technical

"on-wafer device characterization of RF components such as 5G frontends or filters"

rf (commonly written r_f) denotes the risk-free rate — the theoretical return on an investment with no chance of loss, often used as a baseline for valuing other assets. Investors use it like a yardstick: returns above this number compensate for extra risk, so it helps price stocks, bonds and option valuations and guides decisions about whether higher-return opportunities justify their added risk. Think of it as the safe deposit box interest rate against which riskier bets are measured.

cryogenic technical

"specialty probe stations for cryogenic and vacuum applications"

Cryogenic describes the use and handling of very low temperatures—far colder than a household freezer—to preserve, store or process biological samples, gases, or materials. For investors it matters because cryogenic processes often require specialized equipment, strict safety and regulatory controls, and ongoing energy and maintenance costs that affect a company’s product shelf life, manufacturing reliability and capital needs—think of it as industrial-grade deep-freeze logistics.

spectrum analyzers technical

"signal and spectrum analyzers such as the FSW, FSWX, R&S FSV3000 and R&S FSVA3000"

A spectrum analyzer is an electronic instrument that shows how much signal power exists at different frequencies, like a prism that separates and displays the colors of light but for radio and electronic signals. Investors care because these devices are essential for developing, testing and certifying products in telecom, aerospace, medical devices and manufacturing; demand and contract wins for analyzers can signal growth in technology spending and influence a company’s revenue and regulatory compliance risk.

signal generators technical

"Integration also extends to signal generators (R&S SMA100B, R&S SMB100B, R&S SGS100A, R&S SGU100A)"

Signal generators are software tools or rule-based systems that scan market data and flag moments when an asset may be worth buying or selling, often by applying mathematical rules or patterns. Think of them as automated traffic lights or weather alerts for trades: they turn a complex flow of prices into simple prompts investors can act on, helping with timing, consistency and risk management while not guaranteeing outcomes.

thz technical

"frequency converters extending frequencies up to the THz range"

Thz (often written THz) denotes terahertz, a unit of frequency equal to one trillion cycles per second used to describe very high-frequency electromagnetic waves between microwave and infrared. Investors watch mentions of terahertz because usable applications—like faster wireless links, new medical or security imaging, or advanced sensors—can create new markets or give a technological edge to companies, similar to how a faster highway can boost commerce.

calibration technical

"advanced calibration workflows, all working seamlessly with FormFactor’s traditional plus specialty probe stations"

Calibration is the process of adjusting a tool, instrument, test, or model so its output matches a known standard or real-world measurements. For investors it matters because calibrated lab tests, sensors, or financial models produce reliable numbers that underpin earnings forecasts, drug trial results, product specifications, or risk estimates—like tuning a scale so weights are accurate, reducing surprises and making company comparisons and decisions more trustworthy.

AI-generated analysis. Not financial advice.

LIVERMORE, Calif. and MUNICH, March 25, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading provider of RF probe stations and probe cards, and Rohde & Schwarz, a global leader in test and measurement, today announced a strategic co-marketing partnership as part of FormFactor’s MeasureOne partner program, a solution-integration initiative designed to deliver validated, turnkey on-wafer test systems. The collaboration combines advanced probing technology from FormFactor with industry-leading RF test instrumentation from Rohde & Schwarz, providing manufacturers with comprehensive solutions spanning early design verification through production. With RF device complexity and operating frequencies continuing to increase, this expanded collaboration formalizes a tightly integrated on‑wafer test solution designed to lower integration effort and risk, reduce overall cost, and accelerate time-to-market for customers across development and production.

Reduced costs and faster time-to-market

On-wafer device characterization of RF components such as 5G frontends or filters enables design validation during development, as well as product qualification and verification in production. Identifying faulty devices before packaging can significantly help reduce costs and improve yield. Through their integrated solutions, Rohde & Schwarz and FormFactor help manufacturers detect issues early in the process, which can result in faster time-to-market.

Seamlessly integrated test solutions

Rohde & Schwarz and FormFactor have been working together for several years to deliver powerful, seamlessly integrated solutions. Rohde & Schwarz provides instruments like the R&S ZNA, a versatile high-end VNA capable of measuring all key RF parameters, which can easily be combined with frequency converters extending frequencies up to the THz range. FormFactor complements this with a comprehensive portfolio of manual, semi-automated, and fully automated probe systems, including advanced thermal control, high-frequency probes, precision probe positioners, and robust calibration tools.

This combined approach allows manufacturers to validate product performance directly during wafer runs, leveraging the expertise of both companies. The tight integration of hardware and software components from both companies is designed to enable fast and reliable testing. The complete solution includes advanced instruments, reliable wafer and die fixturing, and high-precision probe positioning throughout the entire test cycle, strengthening confidence in product quality and performance.

“By expanding our collaboration with Rohde & Schwarz through the MeasureOne program, we are delivering integrated on‑wafer RF test solutions designed to help customers reduce risk, improve efficiency, and accelerate development,” said Jens Klattenhoff, SVP and GM of the Systems Business Unit at FormFactor. “This partnership brings together advanced wafer probing and proven RF measurement technologies to address the growing complexity of next‑generation semiconductor devices.”

Michael Fischlein, Vice President Spectrum & Network Analyzers, EMC and Antenna Test with Rohde & Schwarz, stated: “We are delighted to be part of MeasureOne, a strategic Co-Marketing partner program that unites FormFactor — one of the world’s leading probe station providers — with Rohde & Schwarz, a global leader in test and measurement. Together, we are set up to deliver turnkey on-wafer solutions enabling crucial and demanding test capabilities for next generation semiconductors.”

The MeasureOne partnership encompasses a wide range of Rohde & Schwarz instruments, including the R&S ZNA, R&S ZNB, R&S ZNBT, R&S ZVA and R&S ZNL VNA families, alongside signal and spectrum analyzers such as the FSW, FSWX, R&S FSV3000 and R&S FSVA3000. Integration also extends to signal generators (R&S SMA100B, R&S SMB100B, R&S SGS100A, R&S SGU100A) and selected frontends and converters for advanced calibration workflows, all working seamlessly with FormFactor’s traditional plus specialty probe stations for cryogenic and vacuum applications.

For more information on on-wafer testing from Rohde & Schwarz, visit: https://www.rohde-schwarz.com/solutions/electronics-testing/rf-microwave-and-components/on-wafer-testing/on-wafer-testing_257253.html

For more information on FormFactor’s MeasureOne program, visit: https://www.formfactor.com/applications/measureone/

About FormFactor

FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle — from characterization, modeling, reliability, and design debug 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 www.formfactor.com.

About Rohde & Schwarz

Rohde & Schwarz is striving for a safer and connected world with its Test & Measurement, Technology Systems and Networks & Cybersecurity Divisions. For over 90 years, the global technology group has pushed technical boundaries with developments in cutting-edge technologies. The company's leading-edge products and solutions empower industrial, regulatory and government customers to attain technological and digital sovereignty. The privately owned, Munich-based company can act independently, long-term, and sustainably.            

Stan Finkelstein Investor Relations (925) 290-4273 ir@formfactor.com

Christian Mokry PR-Manager Test & Measurement Marketing Communications & PR +49 89 4129 13052 press@rohde-schwarz.com

FAQ

What did FormFactor (FORM) announce on March 25, 2026 about Rohde & Schwarz?

FormFactor announced a strategic co-marketing partnership with Rohde & Schwarz to join the MeasureOne program. According to FormFactor, the collaboration integrates probe stations with Rohde & Schwarz VNAs and analyzers to provide turnkey on-wafer RF test solutions across development and production.

Which Rohde & Schwarz instruments are included in the MeasureOne partnership with FORM?

The partnership includes R&S VNA families and analyzers such as ZNA, ZNB, ZVA, FSW, FSWX, and FSV3000. According to Rohde & Schwarz, integration also covers signal generators and selected frontends to support advanced calibration workflows with FormFactor probe systems.

How will the FORM and Rohde & Schwarz partnership affect on-wafer RF testing workflows?

The collaboration is designed to streamline on-wafer RF testing by providing tightly integrated hardware and software stacks for probing and measurement. According to FormFactor, this reduces integration effort and risk, enabling faster, more reliable validation from wafer-level testing through production verification.

What benefits for manufacturers did FormFactor (FORM) cite from the MeasureOne collaboration?

FormFactor said the collaboration aims to lower overall cost, reduce integration risk, and accelerate time-to-market for RF component makers. The companies note earlier fault detection before packaging can improve yield and shorten development and production timelines.

Does the MeasureOne partnership cover specialized probe stations such as cryogenic or vacuum systems?

Yes, the integrated solution extends to FormFactor’s traditional and specialty probe stations, including cryogenic and vacuum applications. According to FormFactor, this supports a wide range of test environments and high-precision probe positioning throughout test cycles.

Where can investors find more information about FormFactor's MeasureOne program and Rohde & Schwarz on-wafer testing?

Investors can access details via FormFactor’s MeasureOne program page and Rohde & Schwarz on-wafer testing resources online. According to both companies, the webpages provide product lists, supported instruments, and integration information for turnkey test solutions.