FormFactor Sues Micro-Probe for Patent Infringement
FormFactor, Inc. (NASDAQ: FORM), an industry leader in the design, development and manufacture of semiconductor wafer probe cards, today announced the filing of a patent infringement lawsuit against Micro-Probe Incorporated. The lawsuit, filed in federal district court in California, charges Micro-Probe is willfully infringing six US patents that cover aspects of FormFactor's proprietary technology and wafer probe cards. The complaint also includes allegations directed to breach of confidence and unfair competition.
"FormFactor is committed to delivering products to semiconductor manufacturers that lower their overall cost of test, and we invest many millions of dollars in research and development to drive product innovation," stated Carl Everett, FormFactor CEO. "Like all innovative companies in the semiconductor industry, we have an obligation to our shareholders to protect our R&D investment and take action against those we believe infringe our IP rights. IP protection provides a critical incentive for the continued development and delivery of breakthrough innovations that drive long term growth in the semiconductor industry."
You Can't Afford Miss Out On These Money Making Trading Ideas
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.