FormFactor, Inc. (FORM) said the Delaware Bankruptcy Court approved FormFactor's acquisition of intellectual property rights and certain technology assets of Electroglas, Inc. related to precision motion control automation.
Mario Ruscev, chief executive officer of FormFactor, said the technologies being acquired are the product of significant investment in the research and development of high accuracy motion control. With these new capabilities, FormFactor will continue to improve its manufacturing efficiency and provide its customers with even higher quality end products, he added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.