Statement

Fix a commutative base field kk and n0n\geq0. Giving a group-object structure on the pointed

A^kn=Spfk[[X1,,Xn]]\widehat{\mathbb A}^{\,n}_k =\operatorname{Spf}k[[X_1,\ldots,X_n]]

is equivalent to giving an nn-dimensional over kk. Under this equivalence, formal group homomorphisms are exactly in the chosen coordinates.

The coordinate calculation

The product of two formal nn-discs has coordinate ring k[[X,Y]]k[[X,Y]]. Because morphisms of formal spectra reverse arrows, multiplication

m:A^kn×A^knA^knm:\widehat{\mathbb A}^{\,n}_k\times \widehat{\mathbb A}^{\,n}_k\longrightarrow \widehat{\mathbb A}^{\,n}_k

is determined by a continuous homomorphism

m:k[[X]]k[[X,Y]],XiFi(X,Y).m^*:k[[X]]\longrightarrow k[[X,Y]],\qquad X_i\longmapsto F_i(X,Y).

The unit, associativity, and inverse diagrams dualize exactly to the unit, associativity, and inverse identities for FF.

A pointed formal map ff between two such is represented by a tuple of zero-constant-term series. The group-homomorphism square dualizes to

f(F(X,Y))=G(f(X),f(Y)).f(F(X,Y))=G(f(X),f(Y)).

Thus both objects and morphisms agree, not only their isomorphism classes.

Coordinate Hopf-algebra formula

For a group law F=(F1,,Fn)F=(F_1,\ldots,F_n), the coordinate ring A=k[[x1,,xn]]A=k[[x_1,\ldots,x_n]] has comultiplication

Δ(xi)=Fi(x1,,xn,y1,,yn)A^kAk[[x1,,xn,y1,,yn]].\Delta(x_i)=F_i(x_1,\ldots,x_n,y_1,\ldots,y_n) \in A\widehat\otimes_kA\cong k[[x_1,\ldots,x_n,y_1,\ldots,y_n]].

The counit sends xix_i to 00, and the antipode sends xix_i to the ii-th component of the inverse power series. These maps form the of the formal group.

Chosen coordinates versus intrinsic objects

For a whose underlying pointed is merely isomorphic to a formal disc, one must first choose such an isomorphism. A different choice transports FF by an invertible pointed substitution. The coordinate-free group is independent of that choice.

This distinction matters categorically: formal group laws are presentations by parameters, while the formal group is the represented geometric object.

References
  1. Michiel Hazewinkel, Formal Groups and Applications, AMS Chelsea Publishing, 2012. AMS book record. Relevant: Chapters 2 and 7, power-series and bialgebra descriptions.
  2. The Stacks Project Authors, “Formal schemes à la EGA.” Section 87.2, Tag 0AHY. Relevant: the anti-equivalence between affine formal schemes and admissible topological rings.