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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.