Successful Acquisition of Advanced Jet
Automation Co., Ltd.
SINGAPORE, Feb. 23,
2023 /PRNewswire/
-- Kulicke and Soffa Industries, Inc. (NASDAQ:
KLIC) ("Kulicke & Soffa", "K&S",
"we" or the "Company") announced today that it has acquired
Advanced Jet Automation Co., Ltd. ("AJA"), including the material
business and assets formerly owned by its affiliate, Samurai Spirit
Inc., a leading developer and manufacturer of high-precision
micro-dispensing equipment and solutions in Taiwan. The closure of this acquisition
broadens the Company's existing semiconductor, electronic assembly
and advanced display portfolio, increasing opportunities across
several exciting growth areas including mini and micro LED, which
support both backlighting and direct-emissive approaches.
The acquired dispense technology currently supports advanced
backlighting production in a high-volume, high-accuracy environment
and is complementary to the Company's existing advanced display
portfolio. Beyond advanced display, the dispense equipment market,
which collectively includes both semiconductor and electronics
assembly opportunities, is adjacent to several other K&S
businesses serving the general semiconductor, automotive, LED, and
memory end-markets. This total available dispense market is
projected to be $2.6 billion in
calendar year 2026 and extends Kulicke & Soffa's 2026 total
available market by over 40%, to $8.6
billion.
AJA will operate as a business unit, leveraging Kulicke &
Soffa's global sales and distribution network, flexible operational
capabilities, and world-class R&D competencies.
"This strategic acquisition accelerates our long-term roadmap
and future growth potential supporting exciting new technology
transitions. AJA's unique competencies and proprietary technology
in high-precision dispense complement our market-leading advanced
display, advanced packaging and electronics assembly solutions,"
said Chan Pin
Chong, Kulicke & Soffa's Executive Vice
President and General Manager, Products & Solutions.
"After working closely with the K&S team through a
successful closure, I am confident our performance-based cultures,
rich technology backgrounds and market-focused solutions are highly
complementary. This alignment enables us to quickly scale our
unique solutions, which address the evolving complexity and
emerging opportunities within the large dispense market," said
Raymond Chen, founder of
AJA.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of
semiconductor, LED and electronic assembly
solutions serving the global
automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S
prides itself on establishing foundations for technological
advancement - creating pioneering interconnect
solutions that enable performance improvements, power efficiency, form-factor reductions and assembly
excellence of current
and next-generation semiconductor devices.
Leveraging decades of development proficiency and extensive process technology expertise, K&S'
expanding portfolio provides
equipment solutions, aftermarket products and services
supporting a comprehensive set of interconnect
technologies including wire bonding, advanced packaging,
lithography, and electronics assembly. Dedicated to empowering
technological discovery, always, K&S collaborates with
customers and technology partners to push the boundaries
of possibility, enabling a smarter future.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements relating to future events
and our future results. These statements are "forward-looking"
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited
to, statements regarding the integration of AJA with our existing
business, and our anticipated future market opportunities. While
these forward-looking statements represent our judgments and future
expectations concerning our business, a number of risks,
uncertainties and other important factors could cause actual
developments and results to differ materially from our
expectations. These factors include, but are not limited to, risks
of integration of acquisitions, the execution and effect of our
business strategy, future business decisions made by us and our
competitors, the effects of the COVID-19 pandemic and macroeconomic
headwinds on our business and industry, and the other factors
listed or discussed in our Annual Report on Form 10-K for the
fiscal year ended October 1, 2022,
filed on November 17, 2022, and our
other filings with the Securities and Exchange Commission. Kulicke
and Soffa Industries, Inc. is under no obligation to (and expressly
disclaims any obligation to) update or alter its forward-looking
statements whether as a result of new information, future events or
otherwise.
Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
+65-6880 9309
msim@kns.com
Kulicke & Soffa
Joseph Elgindy
Investor Relations
+1-215-784-7500
investor@kns.com
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SOURCE Kulicke & Soffa Industries, Inc.