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Recognition Highlights Company's Leadership in Enabling Advanced Heterogeneous Integration and AI-Driven Semiconductor Innovation

FORT WASHINGTON, Pa., /PRNewswire/ -- Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company") today announced that it has been selected as the recipient of the 2026 SEMI Award for North America, one of the semiconductor industry's highest honors recognizing exceptional technical and commercial contributions to semiconductor manufacturing.

The award recognizes Kulicke & Soffa's pioneering formic acid in-situ bonding technology, an innovative Fluxless Thermo Compression bonding (FTC) solution that addresses critical interconnect scaling challenges and is actively enabling the next generation of heterogeneous integration architectures supporting artificial intelligence, high-performance computing, and advanced photonics applications.

Presented during the CEO Summit Keynotes at SEMICON West, the award underscores the growing industry adoption and significance of K&S's advanced packaging portfolio, including its industry-leading APTURA™ platform.

"As semiconductor performance is now critically dependent on advanced packaging and heterogeneous integration, the industry's ability to scale interconnect density efficiently and economically becomes more important than ever," said Raj Talluri, Chief Executive Officer of Kulicke & Soffa. "We are honored to receive this recognition from SEMI. This award reflects the ingenuity, dedication, and relentless execution of our global teams, who continue to develop innovative solutions which enable customers to overcome the industry's most complex manufacturing challenges."

Traditional Thermo-Compression bonding often requires a post-bond flux cleaning processes that becomes increasingly difficult at finer interconnect pitches. At the same time, hybrid bonding solutions, while highly capable, can introduce significant manufacturing complexity and cost. Kulicke & Soffa's proprietary Fluxless Thermo-Compression bonding technology combines advanced plasma pre-cleaning and in-situ formic acid oxide reduction to deliver high-yield, ultra-fine-pitch interconnect capabilities while simplifying the manufacturing processes and reducing production costs.

FTC technology has become a foundational element of the Company's advanced packaging roadmap and enables customers to pursue interconnect pitches below 10 microns while supporting applications across wafer-level, substrate-level, and panel-level manufacturing environments.

"This recognition validates our innovation-driven strategy of selecting differentiated technologies that solve real customer challenges," said John Molnar, VP & General Manager, Advanced Solutions. "By enabling hybrid-bonding-class performance with more accessible manufacturing, we are accelerating the adoption of advanced packaging solutions required for next-generation AI, high-performance computing, silicon photonics, and other rapidly growing semiconductor markets."

The award further reinforces Kulicke & Soffa's position as a leading provider of semiconductor interconnect solutions. The company's advanced packaging portfolio spans thermocompression bonding, hybrid bonding enablement technologies, wedge bonding, and vertical interconnect solutions that support some of the industry's most complex heterogeneous applications.

As semiconductor complexity continues to increase, interconnect and packaging innovations are now a requirement in delivering system-level performance across the semiconductor space. This award highlights the critical role Kulicke & Soffa is playing to shape the industry's future.

About Kulicke & Soffa

Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

About SEMI

SEMI® is the global industry association connecting over 4,000 companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

Contacts

Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
[email protected]

Kulicke & Soffa
Joseph Elgindy
Investor Relations
P: +1-215-784-7500
[email protected]

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SOURCE Kulicke & Soffa Industries, Inc.

On September 22, 2026, Kulicke & Soffa Industries Inc KLIC shares rose 6.5% to $89.54, continuing a strong performance that has seen the stock increase by 98.0% year-to-date. The shares have experienced significant volatility, with a 52-week high of $135.80 and a low of $35.02.

GF Value™ verdict: Current price of $89.54 is 16.0% above the GF Value™ of $77.16, indicating the stock is overvalued.GF Score™ of 81/100 suggests a strong overall performance, with solid fundamentals.Notable insider activity shows that insiders sold $18.4M worth of shares over the past 12 months, with no buying activity.Is KLIC Overvalued or Undervalued?Kulicke & Soffa Industries Inc KLIC is currently priced at $89.54, which is 16.0% higher than the GF Value™ estimate of $77.16. This suggests that the stock is overvalued based on GuruFocus' proprietary intrinsic value assessment, which takes into account historical trading multiples, past business growth, and estimates of future performance. The GF Value™ serves as a benchmark for investors to evaluate whether a stock is trading above or below its estimated fair value.

With the current price exceeding the GF Value™, KLIC presents a potential risk for investors. The GF Valuation label indicates that the stock is "Modestly Overvalued," which implies that there may be limited upside if the market corrects to align with intrinsic values. Consequently, investors may face a scenario where current valuations do not provide a sufficient margin of safety for new investment positions.

How Does KLIC's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)41.1x30.1xForward P/E15.2xN/AKLIC's current P/E ratio stands at 41.1x, which is 37% above its 5-year median P/E of 30.1x. This indicates that the stock is trading at a significantly higher valuation compared to its historical average. Additionally, the forward P/E of 15.2x suggests expectations for future earnings growth, but when comparing the current P/E to the historical data, the valuation analysis aligns with the GF Value™ verdict of being overvalued.

What Does KLIC's GF Score™ Tell Us?The GF Score™ is a comprehensive measure that evaluates a company's financial strength, profitability, growth potential, valuation, and momentum. KLIC's GF Score™ of 81/100 indicates strong fundamentals, although certain areas may require attention.

MetricRatingGF Score™81/100Financial Strength9/10Profitability7/10Growth5/10Valuation7/10Momentum9/10KLIC's strongest area lies in its Financial Strength, rated 9/10, indicating a robust balance sheet and solid financial metrics. The Momentum rank of 9/10 also reflects the stock's recent positive price performance. However, its Growth rank of 5/10 suggests that growth may not be as robust as desired, which could be a consideration for potential investors.

What Are Gurus and Insiders Doing with KLIC?Currently, 6 gurus hold positions in KLIC, with 2 adding to their stakes while 5 have trimmed their positions in recent quarters. This mixed sentiment from experienced investors shows a cautious approach toward the stock, which could indicate varying perspectives on its valuation.

In addition, insider activity reveals that insiders sold a total of $18.4M worth of shares over the past year, with no buying activity reported. This trend of selling, without any insider purchases, may raise concerns regarding the company's short-term prospects or valuation, as insiders often have better insights into their companies' future performance.

What This Means for InvestorsBased on the analysis, Kulicke & Soffa Industries Inc KLIC appears to be overvalued at its current price of $89.54 when compared to the GF Value™ estimate of $77.16. The combination of high P/E ratios, insider selling, and the modestly overvalued GF Valuation label suggests that caution may be warranted for prospective investors. To dive deeper into KLIC’s financials and performance metrics, visit the Kulicke & Soffa Industries Inc (KLIC) stock page.

Frequently Asked QuestionsWhat is KLIC's GF Score™?

KLIC has a GF Score™ of 81/100, indicating a strong overall performance based on key financial metrics.

Is KLIC overvalued or undervalued?

KLIC is considered overvalued, with its current price exceeding the GF Value™ estimate by 16.0%.

What is KLIC's P/E ratio?

KLIC's P/E (TTM) is 41.1x, which is significantly above its 5-year median P/E of 30.1x, indicating a higher valuation compared to historical levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

, /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of its third fiscal quarter ended July 4, 2026. The Company reported third quarter net revenue of $330.4 million, net income of $57.4 million, representing EPS of $1.07 per fully diluted share, and non-GAAP net income of $64.2 million, representing non-GAAP EPS of $1.20 per fully diluted share.

Quarterly Results

Fiscal Q3 2026

Fiscal Q3 2025

Fiscal Q2 2026

Net Revenue (in thousands)

$330,409

$148,413

$242,621

GAAP EPS – Diluted

$1.07

$(0.06)

$0.66

Non GAAP EPS - Diluted

$1.20

$0.07

$0.79

A reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the "Use of non-GAAP Financial Results" section of this press release.

Lester Wong, Kulicke & Soffa's Interim Chief Executive Officer and Chief Financial Officer, stated, "We see strong sequential growth in the third quarter and demand conditions continue to improve across all end markets. We remain closely engaged to support the evolving technology requirements of our industry, and remain committed to address the immediate and long-term production needs of our customers."

Kulicke & Soffa anticipates its expanded Advanced Solutions production facility will be completed, as scheduled, within the second half of fiscal 2027.

Third Quarter Fiscal 2026 Financial Highlights

Net revenue of $330.4 million. Gross margin of 47.8%. Net income of $57.4 million or $1.07 per share; non-GAAP net income of $64.2 million or $1.20 per fully diluted share. GAAP cash flow from operations of $45.2 million; Adjusted free cash flow of $41.0 million. The Company repurchased a total of 5.0 thousand shares of common stock at a cost of $0.5 million. Fourth Quarter Fiscal 2026 Outlook

K&S currently expects net revenue in the fourth quarter of fiscal 2026 ending October 3, 2026 to be approximately $375 million +/- $20 million, GAAP diluted EPS to be approximately $1.29 +/- 10%, and non-GAAP diluted EPS to be approximately $1.42 +/- 10%.

A reconciliation between the GAAP and non-GAAP financial outlook is provided in the financial tables included at the end of this press release.

Earnings Conference Webcast

A webcast to discuss these results will be held on August 6, 2026, beginning at 8:00 am ET. The live webcast link, supplemental earnings presentation, and archived webcast will be available at investor.kns.com. To access the audio-only portion of the live webcast, parties may call +1-877-407-8037, or internationally, +1-201-689-8037.

An audio-only replay of the webcast will also be available approximately one hour after the completion of the live call by calling +1-877-660-6853, or internationally, +1-201-612-7415 and referencing access code 13757798.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP ("GAAP") results, this press release also contains the following non-GAAP financial results: income from operations, operating margin, net income, net margin, net income per fully diluted share and adjusted free cash flow. The Company's non-GAAP results exclude amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, impairment relating to equity investments, income tax expense/benefit arising from discrete tax items triggered by acquisition, disposal of business (both via a sale or an abandonment), restructuring and significant changes in tax laws, gain/loss on disposal of business, as well as tax benefits or expenses associated with the foregoing non-GAAP items. The non-GAAP adjustments may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. These non-GAAP measures are consistent with the way management analyzes and assesses the Company's operating results. The Company believes these non-GAAP measures enhance investors' understanding of the Company's underlying operational performance, as well as their ability to compare the Company's period-to-period financial results and the Company's overall performance to that of its competitors.

Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on the Company's reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure discussed in this press release is contained in the financial tables at the end of this press release.

About Kulicke & Soffa

Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business

In addition to historical 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. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, 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, failures or delays in completing the Company's cessation of its Electronics Assembly equipment business, the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new products, our ability to expand, consolidate or relocate manufacturing and other facilities, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, 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.

Contact:

Kulicke and Soffa Industries, Inc.
Joseph Elgindy
Finance
P: +1-215-784-7518

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

Three months ended

Nine months ended

July 4, 2026

June 28, 2025

July 4, 2026

June 28, 2025

Net revenue

$       330,409

$       148,413

$     772,655

$        476,523

Cost of sales

172,460

79,170

396,047

279,812

Gross profit

157,949

69,243

376,608

196,711

Selling, general and administrative

45,769

39,596

129,270

126,224

Research and development

43,914

35,741

122,686

110,769

Gain relating to cessation of business

—

—

—

(75,987)

Impairment charges

—

—

—

39,817

Operating expenses

89,683

75,337

251,956

200,823

Income / (Loss) from operations

68,266

(6,094)

124,652

(4,112)

Interest income

4,529

6,008

13,268

17,982

Interest expense

(34)

(32)

(111)

(95)

Income / (Loss) before income taxes

72,761

(118)

137,809

13,775

Provision for income taxes

15,345

3,171

28,449

19,941

Net income / (loss)

$         57,416

$         (3,289)

$     109,360

$          (6,166)

Net income / (loss) per share:

Basic

$            1.10

$           (0.06)

$          2.09

$            (0.12)

Diluted

$            1.07

$           (0.06)

$          2.06

$            (0.12)

Cash dividends declared per share

$           0.205

$           0.205

$         0.615

$           0.615

Weighted average shares outstanding:

Basic

52,333

52,692

52,326

53,265

Diluted

53,429

52,692

53,190

53,265

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(In thousands)

(Unaudited)

As of

July 4, 2026

October 4, 2025

ASSETS

Current assets

Cash and cash equivalents

$           368,573

$               215,708

Short-term investments

148,000

295,000

Accounts and other receivable, net

329,498

183,538

Inventories, net

227,118

160,225

Prepaid expenses and other current assets

31,796

47,064

Total current assets

1,104,985

901,535

Property, plant and equipment, net

66,274

58,993

Operating right-of-use assets

32,567

32,193

Goodwill

69,522

69,522

Intangible assets, net

4,676

5,600

Deferred tax assets

16,258

16,109

Equity investments

10,789

6,978

Investment in debt securities

10,000

10,000

Other assets

4,015

3,412

TOTAL ASSETS

$        1,319,086

$             1,104,342

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Accounts payable

$           116,887

$                 57,178

Operating lease liabilities

6,083

6,178

Accrued expenses and other current liabilities

159,774

97,786

Income taxes payable

38,069

27,029

Total current liabilities

320,813

188,171

Deferred tax liabilities

34,496

35,533

Income taxes payable

10,684

16,580

Operating lease liabilities

32,035

32,372

Other liabilities

9,101

10,195

TOTAL LIABILITIES

$           407,129

$               282,851

SHAREHOLDERS' EQUITY

Common stock, without par value

634,232

620,043

Treasury stock, at cost

(976,708)

(974,202)

Retained earnings

1,276,677

1,199,500

Accumulated other comprehensive loss

(22,244)

(23,850)

TOTAL SHAREHOLDERS' EQUITY

$           911,957

$               821,491

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$        1,319,086

$             1,104,342

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Three months ended

Nine months ended

(in thousands)

July 4, 2026

June 28, 2025

July 4, 2026

June 28, 2025

Net cash provided by operating activities

$          45,216

$             7,380

$         46,554

$          105,003

Net cash (used in)/provided by investing activities

(3,711)

(17,463)

134,982

26,161

Net cash used in financing activities

(11,361)

(32,606)

(29,532)

(113,408)

Effect of exchange rate changes on cash and cash equivalents

565

2,651

861

1,578

Changes in cash and cash equivalents

30,709

(40,038)

152,865

19,334

Cash and cash equivalents, beginning of period

337,864

286,519

215,708

227,147

Cash and cash equivalents, end of period

$        368,573

$         246,481

$       368,573

$          246,481

Short-term investments

148,000

310,000

148,000

310,000

Total cash, cash equivalents and short-term investments

$        516,573

$         556,481

$       516,573

$          556,481

Reconciliation of U.S. GAAP 

to Non-GAAP Income from Operations and Operating Margin

(In thousands, except percentages)

(Unaudited)

Three months ended

July 4, 2026

June 28, 2025

April 4, 2026

Net revenue

$    330,409

$     148,413

$     242,621

U.S. GAAP income / (loss) from operations

68,266

(6,094)

38,566

U.S. GAAP operating margin

20.7 %

(4.1) %

15.9 %

Pre-tax non-GAAP items:

Amortization related to intangible assets

308

308

307

Restructuring

190

287

418

Equity-based compensation

7,044

7,092

6,991

Non-GAAP income from operations

$      75,808

$         1,593

$      46,282

Non-GAAP operating margin

22.9 %

1.1 %

19.1 %

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and

U.S. GAAP net income per share to Non-GAAP net income per share

(In thousands, except percentages and per share data)

(Unaudited)

Three months ended

July 4, 2026

June 28, 2025

April 4, 2026

Net revenue

$    330,409

$    148,413

$    242,621

U.S. GAAP net income / (loss)

57,416

(3,289)

35,148

U.S. GAAP net margin

17.4 %

(2.2) %

14.5 %

Non-GAAP adjustments:

Amortization related to intangible assets

308

308

307

Restructuring

190

287

418

Equity-based compensation

7,044

7,092

6,991

Net income tax benefit on non-GAAP items

(730)

(626)

(728)

Total non-GAAP adjustments

$       6,812

$       7,061

$       6,988

Non-GAAP net income

$     64,228

$       3,772

$     42,136

Non-GAAP net margin

19.4 %

2.5 %

17.4 %

U.S. GAAP net income / (loss) per share:

Basic

$         1.10

$       (0.06)

$         0.67

Diluted(a)

$         1.07

$       (0.06)

$         0.66

Non-GAAP adjustments per share:(b)

Basic

$         0.13

$         0.13

$         0.14

Diluted

$         0.13

$         0.13

$         0.13

Non-GAAP net income per share:

Basic

$        1.23

$        0.07

$        0.81

Diluted(c)

$        1.20

$        0.07

$        0.79

Weighted average shares outstanding:

Basic

52,333

52,692

52,327

Diluted

53,429

52,866

53,121

(a)

GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive.

(b)

Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, and income tax effects associated with the foregoing non-GAAP items.

(c)

Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive.

Reconciliation of U.S. GAAP Cash provided by Operating Activities

to Non-GAAP Adjusted Free Cash Flow

(In thousands, except percentages)

(unaudited)

Three months ended

July 4, 2026

June 28, 2025

April 4, 2026

U.S. GAAP net cash provided by operating activities

$           45,216

$             7,380

$           10,271

Purchases of property, plant and equipment

(4,277)

(2,090)

(4,077)

Proceeds from sales of property, plant and equipment

18

147

74

Non-GAAP adjusted free cash flow

$           40,957

$             5,437

$             6,268

Reconciliation of U.S. GAAP to Non-GAAP Outlook

(In millions, except per share data)

(Unaudited)

Fourth quarter of fiscal 2026 ending October 3, 2026

GAAP Outlook

Adjustments

Non-GAAP Outlook

Net revenue

$375 million

+/- $20 million

—

$375 million

+/- $20 million

Operating expenses

$95.1 million

+/- 2%

$7.6 million B,C,D

$87.5 million

+/- 2%

Diluted EPS(1)

$1.29

+/- 10%

$0.13 A - E

$1.42

+/- 10%

Non-GAAP Adjustments

A. Equity-based compensation - Cost of sales

0.4

B. Equity-based compensation - Selling, general and administrative and Research and development

6.6

C. Amortization related to intangible assets

0.3

D. Restructuring expenses

0.7

E. Net income tax effect of the above items

(0.8)

(1) GAAP and non-GAAP diluted EPS based on approximately 53.0 million diluted weighted average shares outstanding.

The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, unannounced restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.

SOURCE Kulicke & Soffa Industries, Inc.

Key Takeaways KLIC beat fiscal second-quarter earnings and revenue estimates as demand recovered faster than expected.KLIC expects fiscal 2026 TCB revenue above $100 million and is building $400 million in annual capacity.KLIC sees TCB demand broadening across IDMs, foundries and OSATs, with fabless engagement also growing. Kulicke and Soffa Industries, Inc. (KLIC - Free Report) used its fiscal second-quarter 2026 earnings call to frame a faster demand recovery and a larger commitment to advanced packaging capacity.

Earnings of $1.20 per share beat the Zacks Consensus Estimate of $1.00. Revenues of $330.41 million topped the $310 million consensus.

KLIC Sees a Broader Demand RecoveryInterim CEO and CFO Lester Wong said demand improved faster than management had expected, with customer sentiment strong and utilization above average across the company’s largest served markets.

General Semiconductor revenues increased 19.4% sequentially to $148.9 million, while memory shipments rose 93% to $31.3 million. Automotive and Industrial shipments climbed 63%, driven mainly by high-I/O and power-related packaging demand.

Wong said China utilization was about 92%, with strength also visible in Korea, Japan and Taiwan. Southeast Asia remained softer, while North America and Europe showed improvement.

Kulicke & Soffa Builds for TCB GrowthInterim CEO and CFO Lester Wong positioned Fluxless ThermoCompression bonding as the centerpiece of KLIC’s advanced packaging expansion. Management expects fiscal 2026 TCB revenues to exceed $100 million and grow at least 70% sequentially.

KLIC plans to expand Advanced Solutions production capacity to support approximately $400 million in annual TCB system sales. The capacity increase is expected to be substantially available during the first half of fiscal 2027.

The company expects $20 million of capital expenditures for the expansion, with $12 million deployed in fiscal 2026. Wong linked the investment to growing engagement from IDMs, foundries, OSATs and fabless customers.

KLIC Broadens Its Packaging PipelineInterim CEO and CFO Lester Wong said logic and heterogeneous packaging should drive most near-term TCB growth. KLIC also delivered its first HBM system in December, and that tool remained in qualification.

The company is increasing resources for HBM, panel-level architecture and hybrid bonding. Wong said hybrid bonding remains several years from broad adoption, leaving TCB as the current production solution for complex heterogeneous applications.

Vertical Wire is positioned as a longer-term memory opportunity, with more meaningful contribution expected from fiscal 2027 onward. KLIC is also advancing new power semiconductor, memory and dispense systems.

Kulicke & Soffa Sets a Higher Operating PaceInterim CEO and CFO Lester Wong guided fiscal third-quarter revenues to approximately $310 million, with gross margin around 48%. Non-GAAP earnings are targeted at $1 per share.

Non-GAAP operating expenses are expected to reach $85 million. Wong attributed the increase to variable incentive compensation, sales commissions and critical headcount supporting advanced packaging programs.

Management also expects fiscal fourth-quarter revenues to increase 5% to 10% sequentially. Wong said visibility had improved across both the core business and Advanced Solutions through the rest of calendar 2026.

KLIC Q&A Tests the Capacity BetA TD Cowen analyst asked which customers were driving TCB demand. Interim CEO and CFO Lester Wong said growth was broadening across IDMs, foundries and OSATs, with engagement also extending to fabless customers.

A Steelhead Securities analyst questioned whether the $400 million capacity target reflected share gains or market growth. Wong said KLIC expected both, citing additional logic qualifications, potential HBM entry and broader customer adoption.

A Needham analyst asked whether the higher revenue level could be sustained. Wong reinforced management’s fiscal fourth-quarter sequential growth outlook and described business strength as broad-based.

Kulicke & Soffa Keeps Execution CentralManagement’s tone combined confidence in demand with a clear focus on execution. Interim CEO and CFO Lester Wong emphasized production expansion, targeted hiring and continued research and development investment.

The company’s priorities remain converting customer interest into TCB growth, supporting core-market capacity additions and advancing longer-duration packaging technologies without abandoning cost discipline.

KLIC’s Zacks Signals Remain MixedKLIC carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings estimate revision signal. The stock has a Momentum Score of A, but Value, Growth and VGM Score of F. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Style Scores are designed to complement the Zacks Rank, with A and B scores representing more favorable characteristics. KLIC’s profile therefore shows strong momentum but weaker value, growth and combined VGM readings. The Zacks Rank can change as analyst estimates are revised after the reported results.

Kulicke and Soffa Industries NASDAQ: KLIC reported fiscal third-quarter revenue growth that exceeded its expectations, as demand from general semiconductor and memory customers accelerated and the company expanded production capacity to support customer requirements.

, /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") today announced that it has named Dr. Raj Talluri as President and Chief Executive Officer ("CEO") effective September 1, 2026. He was also elected to the Board of Directors of K&S, effective August 17, 2026.

Lester A. Wong, the Company's interim CEO and current Executive Vice President and Chief Financial Officer, will continue to serve as the Company's Executive Vice President and Chief Financial Officer.

"We are immensely grateful to Lester for providing great leadership during our transition, ensuring our team maintained its strong momentum. As we look to the future, we are thrilled to welcome Raj as our new CEO. His proven track record and visionary approach make him the ideal leader to guide our company into its next phase of growth", said Peter T. Kong, Chairman of the Board of Directors of the Company.

"I am grateful to have had the opportunity to lead this world-class organization. I want to provide my sincere gratitude to the entire K&S organization for their support and dedication. I also want to extend my warmest welcome to Raj and will work to ensure a seamless transition, continued growth and ongoing success for the Company", said Lester A. Wong, Executive Vice President and Chief Financial Officer of the Company.

"I am honored to join K&S at such an exciting time in the Company's history. K&S has built a unique portfolio of highly capable interconnect solutions and technical competencies which offer a higher level of value for our industry. I look forward to working with our diverse and talented global workforce to further extend this position and deliver on the growing set of opportunities ahead", said Dr. Talluri.

Dr. Talluri joins K&S from Enovix Corporation, a Nasdaq-listed advanced battery technology company, where he most recently served as President, Chief Executive Officer and a member of the Board of Directors. Prior to Enovix, from March 2018 through December 2022, Dr. Talluri served as Senior Vice President, General Manager, Mobile Business Unit at Micron Technology. Prior to that, Dr. Talluri served in various senior executive roles at Qualcomm CDMA Technologies and a variety of engineering and business leadership roles at Texas Instruments Incorporated.

Dr. Talluri received a Ph.D. in Electrical Engineering from University of Texas at Austin in 1993, an M.Eng from Anna University in 1986, and a B.S. in Engineering from Andhra University in 1984.

About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

Contacts:

Kulicke & Soffa
Marilyn Sim
Public Relations
+65-6880 9309
[email protected] 

Kulicke & Soffa
Joseph Elgindy
Finance
+1-215-784-7500
[email protected]

SOURCE Kulicke & Soffa Industries, Inc.

Semiconductor assembly component company Kulicke & Soffa Industries (KLIC +1.13%) wasn't a bright light on the stock exchange on Tuesday. On news of a major C-Suite change, plus a degree of profit-taking, investors aggressively sold its shares, leaving them with an almost 10% loss that trading session.

New leader incoming That morning, Kulicke & Soffa announced that Raj Talluri is to become its CEO and president. He will replace interim CEO Lester Wong in the role, with Wong concentrating on the CFO duties he held as a dual executive. That switch takes effect on Tuesday, Sept. 1.

Image source: Getty Images.

The move to a permanent CEO has been quite some time in coming. The departure of the company's last non-interim leader, Fusen Chen, was announced toward the end of last October. At that time, Kulicke & Soffa wrote that Chen was retiring from his position for unspecified health reasons.

On his LinkedIn page, Talluri is still listed as CEO and president of next-generation battery developer Enovix. Previously, he served in high managerial roles for companies such as Micron Technology and Qualcomm.

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A long stretch I don't think the market's bearish reaction was due to the quality of Talluri's leadership, given his impressive career at several tech hardware companies.

This feels more like concern that the succession to a new permanent leader took a long while, in an industry that needs to react quickly in an always-changing environment. I also believe opportunistic investors took this as a chance to book profits after the company reported an impressive, estimates-crushing third quarter earlier this month.

I feel Kulicke & Soffa stock will rebound from this sell-off.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology and Qualcomm. The Motley Fool has a disclosure policy.

Key Takeaways Kulicke and Soffa's Q3 revenues surged 122.6% year over year to $330.4 million.AI data-center expansion is boosting demand for Kulicke and Soffa's TCB and wire-bonding solutions.KLIC expects Q4 revenues near $375 million, with above-average demand in the first-half fiscal 2027. Kulicke and Soffa Industries, Inc. (KLIC - Free Report) delivered solid third-quarter fiscal 2026 results, reflecting accelerating demand across semiconductor assembly markets. The company is benefiting from AI-led data-center investments, rising adoption of advanced packaging, improving memory demand and a broader recovery in traditional semiconductor applications.

KLIC reported non-GAAP earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1 by 20%. Revenues surged 122.6% year over year to $330.4 million and surpassed the consensus mark by 6.6%. Revenues also increased 36.2% sequentially. The strong quarterly performance, along with improving order visibility, indicates that multiple growth engines could support Kulicke and Soffa beyond the current semiconductor recovery.

AI & Data-Center Expansion Drives KLIC’s GrowthRapid expansion of AI infrastructure remains one of the most important catalysts for Kulicke and Soffa. Growing AI workloads require increasingly sophisticated logic, memory, networking, storage and power-management semiconductors, generating demand for both advanced packaging and established wire-bonding technologies.

Data centers require substantial volumes of chips assembled with conventional wire bonding for networking, communications, storage and power-management applications. Management noted that AI-driven data-center expansion is increasing requirements for its thermal-compression and wire-bonding solutions. This allows KLIC to benefit from AI infrastructure spending through both its newer advanced solutions and its large installed base of traditional bonding equipment.

The strength was evident in the General Semiconductor business, where revenues surged 52.6% sequentially to $227.2 million in the fiscal third quarter. Although AI and data centers remain major catalysts, management is also witnessing a broader recovery in traditional semiconductor markets, which should diversify the company's growth trajectory.

Advanced Packaging Offers a Significant Growth RunwayIncreasing semiconductor complexity represents another major opportunity. High-performance logic and memory devices are increasingly adopting heterogeneous integration architectures that combine multiple dies and technologies within sophisticated packages.

This transition directly benefits Kulicke and Soffa's Fluxless Thermo-Compression Bonding (TCB) solutions. Advanced Solutions revenues increased roughly 20% sequentially in the fiscal third quarter, setting another quarterly record. Management continues to expect Advanced Solutions revenues to exceed $100 million in fiscal 2026.

KLIC is expanding Advanced Solutions manufacturing capacity to support roughly $400 million in annual TCB system sales. The increased production footprint should allow the company to address rising demand as heterogeneous integration becomes more mainstream.

Memory Recovery Adds MomentumImproving memory conditions provide another favorable catalyst. Fiscal third-quarter memory revenues increased 8.8% sequentially to $34 million, following strong growth in the preceding quarter.

KLIC currently has significant exposure to NAND packaging requirements. Management believes data centers have become the largest end application for global NAND production, suggesting that AI infrastructure investment is also indirectly benefiting the company's traditional memory business.

The combination of recovering NAND capacity spending and emerging stacked-DRAM architectures could provide a broader growth opportunity as memory manufacturers increase investment in advanced assembly technologies.

Price PerformanceKLIC has gained a stellar 122.1% in the past year compared with the industry’s growth of 107%. It has outperformed peers like Veeco Instruments Inc. (VECO - Free Report) and Axcelis Technologies, Inc. (ACLS - Free Report) . While Veeco has gained 88.8%, Axcelis surged 52.6% during this period.  

One-Year KLIC Stock Price Performance

Image Source: Zacks Investment Research

Improving Visibility Bodes Well for KLICManagement's near-term outlook reinforces the positive demand picture. For the fiscal fourth quarter, Kulicke and Soffa expects revenues of approximately $375 million, implying healthy sequential growth. Non-GAAP earnings are expected to be $1.42 per share, plus or minus 10%.

Demand visibility has also extended further than is typical for the company, with purchase orders extending into the second quarter of fiscal 2027. Management expects above-average demand conditions to persist through at least the first half of fiscal 2027.

The Road AheadKulicke & Soffa remains well-positioned to capitalize on favorable long-term semiconductor industry trends. Expanding opportunities in advanced packaging, AI infrastructure, automotive electrification and high-performance computing are expected to remain key growth drivers for the company in the coming years. Consequently, investors are likely to profit if they bet on this Zacks Rank #1 (Strong Buy) company now. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Kulicke and Soffa (KLIC - Free Report) have gained 2.4% over the past four weeks to close the last trading session at $84.88, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $106.67 indicates a potential upside of 25.7%.

The mean estimate comprises three short-term price targets with a standard deviation of $7.64. While the lowest estimate of $100.00 indicates a 17.8% increase from the current price level, the most optimistic analyst expects the stock to surge 35.5% to reach $115.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for KLIC, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why KLIC Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 18.4%, as two estimates have moved higher compared to no negative revision.

Moreover, KLIC currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much KLIC could gain, the direction of price movement it implies does appear to be a good guide.

A downtrend has been apparent in Kulicke and Soffa (KLIC - Free Report) lately. While the stock has lost 7.7% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this semiconductor equipment maker is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.

What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Makes the Trend Reversal More Likely for KLICAn upward trend in earnings estimate revisions that KLIC has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

The consensus EPS estimate for the current year has increased 18.4% over the last 30 days. This means that the Wall Street analysts covering KLIC are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.

If this is not enough, you should note that KLIC currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Kulicke and Soffa, a Zacks Rank of 1 is a more conclusive fundamental indication of a potential turnaround.

Ambiq Micro (NYSE:AMBQ – Get Free Report) and Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) are both technology companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, profitability, institutional ownership, valuation and earnings.

Profitability This table compares Ambiq Micro and Kulicke and Soffa Industries’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Ambiq Micro -37.77% -11.85% -10.80% Kulicke and Soffa Industries 12.18% 14.39% 10.41% Earnings & Valuation This table compares Ambiq Micro and Kulicke and Soffa Industries”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Ambiq Micro $72.51 million 19.89 -$36.46 million ($2.12) -28.14 Kulicke and Soffa Industries $654.08 million 6.36 $210,000.00 $2.17 36.66 Kulicke and Soffa Industries has higher revenue and earnings than Ambiq Micro. Ambiq Micro is trading at a lower price-to-earnings ratio than Kulicke and Soffa Industries, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk Ambiq Micro has a beta of 5.58, suggesting that its stock price is 458% more volatile than the S&P 500. Comparatively, Kulicke and Soffa Industries has a beta of 1.62, suggesting that its stock price is 62% more volatile than the S&P 500.

Analyst Ratings This is a breakdown of current ratings and target prices for Ambiq Micro and Kulicke and Soffa Industries, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Ambiq Micro 1 4 3 0 2.25 Kulicke and Soffa Industries 0 2 2 1 2.80 Ambiq Micro presently has a consensus target price of $82.20, indicating a potential upside of 37.80%. Kulicke and Soffa Industries has a consensus target price of $69.67, indicating a potential downside of 12.42%. Given Ambiq Micro’s higher possible upside, equities research analysts clearly believe Ambiq Micro is more favorable than Kulicke and Soffa Industries.

Insider & Institutional Ownership 98.2% of Kulicke and Soffa Industries shares are owned by institutional investors. 10.0% of Ambiq Micro shares are owned by insiders. Comparatively, 1.2% of Kulicke and Soffa Industries shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary Kulicke and Soffa Industries beats Ambiq Micro on 10 of the 15 factors compared between the two stocks.

About Ambiq Micro (Get Free Report)

Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We are a pioneer and leading provider of ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute – especially at the edge. Our customers rely on Ambiq to deliver AI compute closer to end users (edge environments) where power consumption challenges are the most severe. Our leading position is built upon our hardware and software innovations that deliver two to five times lower power consumption than traditional semiconductor designs. Our products power over 270 million devices today. We shipped more than 42 million units in 2024, and we estimate that over 40% of them ran AI algorithms. We seek to drive growth in AI adoption at the edge in the personal devices, medical/healthcare, industrial edge, and smart home and building markets and continue to set new standards in edge AI performance and power efficiency. Over time, we expect to integrate our ultra-low power technology into additional chip products that benefit from greater power efficiency, including high-performance compute applications such as AI data centers and automotive. AI is perhaps the most disruptive and revolutionary technology trend of recent history, estimated to represent $23 trillion of global annual spend by 2040, according to McKinsey. AI use cases continue to permeate our lives and improve our daily productivity by enabling us to interact with devices via voice and gestures, unlock our homes with facial recognition, track health accurately and intelligently, and hold clear calls amidst loud background noise. To date, a majority of AI compute has been deployed in data centers due to its large physical scale and the need for wall plug energy, as AI compute requires enormous and steady energy resources. At the edge, however, power limitations have been especially acute due to small device size and limited battery life. We believe this greatly constrains the potential of AI to improve our daily, on-the-go lives. Enabling AI at the edge – where the action takes place – with vastly improved power efficiency will allow faster real-time decision-making due to data proximity, greater data privacy, higher energy efficiency from reduced network usage, and less dependence on constant costly connections to the cloud. We believe new AI use cases will only be possible if edge devices are much more power efficient. Our proprietary Sub-threshold Power Optimized Technology (SPOT) platform is designed to fundamentally and cost-effectively reduce power consumption of battery- and wireline-powered devices alike. Depending on the application, devices incorporating SPOT demonstrate a two to five times reduction in power consumption compared to conventional integrated circuit designs. SPOT is a ground-breaking approach at the chip design level that incorporates sub- and near-threshold hardware without using expensive manufacturing processes. We provide a full-stack solution encompassing tightly integrated hardware and software. Our solutions include a diverse family of systems-on-chip (SoCs) and the software required to enable on-chip AI processing, general compute, sensing, security, storage, wireless connectivity, and advanced graphics. Our SoC solutions deliver compute at a very small fraction of the power consumed by our competitors’ products. Our ultra-low power SoCs serve a wide range of markets requiring on-device and real-time AI, including smartwatches and fitness trackers, augmented and virtual reality (AR/VR) glasses, smart rings, digital health monitors, security systems and access control, livestock tracking, crop monitoring, and factory automation. These devices increasingly offer on-chip AI-powered features such as speech recognition, domain-specific language models, image and video processing, and sensing, further straining power consumption, which our solutions are positioned to address. As global demand for our SoC solutions accelerates, our sales and marketing efforts are increasingly focused on our end customers in target geographies such as the United States, Europe, and Asia (ex-MainlandChina). We were incorporated in Delaware on January 20, 2010 under the name Cubiq Microchip, Inc., and in October 2012, changed our name to Ambiq Micro, Inc. Our principal executive offices are located in Austin, Texas.

(Get Free Report)

Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, foundry service providers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. The company was founded in 1951 and is headquartered in Fort Washington, Pennsylvania.

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