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FORM

FormFactor, Inc.

Sector: technologySemiconductorsNASDAQMarket Cap: $7.33B

FormFactor is a semiconductor test and measurement equipment manufacturer with minimal direct government dependence and negligible political engagement.

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Govt Dependence
5/100
Regulatory Density
25/100
Lobbying Intensity
2/100
Political Signal
LOW

BusinessWhat FORM does

FormFactor designs, manufactures, and sells semiconductor test handlers, probers, and related equipment used by chipmakers and semiconductor test facilities. Revenue derives primarily from sales to commercial semiconductor manufacturers and foundries globally, with no material government contracts or regulated-rate revenue streams.

Executive Branch ConflictsFORM held by Trump-administration officials

Lifetime Government AwardsFORM federal contracts by year

$2M
total awarded · 2020–2025
21
contracts on file
2024
peak year ($1M)
$1M $512K 2020: $8K across 1 contract $8K 2020 2021: $25K across 1 contract $25K 2021 2022: $492K across 4 contracts $492K 2022 4 contracts 2023: $646K across 5 contracts $646K 2023 5 contracts 2024: $1M across 6 contracts (peak year) $1M 2024 6 contracts 2025: $132K across 4 contracts $132K 2025 4 contracts
Top contracts by award amount
$558K Department of Commerce 2024-09-20 CHIPS R&D CALNET AUTPPROBE
$336K Department of Commerce 2023-09-21 PURCHASE OF AN OPTICAL ACCESS CRYOSTAT
$245K Department of Defense 2022-04-18 SRVT2S
$206K Department of Defense 2023-09-20 AUTOMATED PROBE STATION SYSTEM
$178K Department of Commerce 2024-09-20 PROBE STATION FOR CMOS MEASUREMENT
6 years · 21 contracts

Smart Money · 13F HoldingsHedge funds holding FORM

$20.72B
Total FORM held by tracked 13F funds
5
Funds with FORM positions
+1
Funds opened this quarter
Two Sigma Investments $20.70B +88% 2026-03-31
Citadel Advisors $8M +30% 2025-12-31
Millennium Management $5M -27% 2025-12-31
D.E. Shaw & Co. $3M -88% 2025-12-31
Bridgewater Associates $1M opened 2025-12-31

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills to WatchLegislation flagged by our analysis

CHIPS Act implementationExport controls on semiconductor equipment

Political ProfileWhere FORM sits in Washington

FormFactor has no direct government revenue, minimal lobbying footprint, and no politician trading activity. Stock moves primarily on semiconductor cycle, earnings, and customer concentration rather than legislative/regulatory events.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • China export restrictions
  • Foreign Direct Product Rule (FDPR) tightening

Regulatory opportunities

  • CHIPS Act R&D tax credits
  • Domestic semiconductor manufacturing incentives
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Frequently AskedAbout FORM & political exposure

Does FormFactor, Inc. (FORM) hold federal contracts?
Yes. FormFactor, Inc. has 21 federal contract awards totaling $2,327,625, primarily from agencies including Department of Commerce, Department of Defense, National Aeronautics and Space Administration. See full contract list and amounts on this page.
Which Trump cabinet officials own FORM stock?
1 Trump cabinet members or senior White House staff have disclosed holdings in FORM on their OGE 278 financial disclosures, including Donald J. Trump. See the Cabinet Conflicts panel for details.
What is FORM political risk profile?
Government dependence: 5/100. Lobbying intensity: 2/100. Political signal: low.
How does GovGreed track FORM political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. FORM data is updated daily from these official federal sources.