Kulicke & Soffa Expanding Competencies and Market Presence

About this update from Kulicke And Soffa Industries, Inc.

[{"type":"text","content":"Successful Acquisition of Advanced Jet Automation Co., Ltd.\nSINGAPORE, 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.\nThe 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.\nAJA will operate as a business unit, leveraging Kulicke & Soffa's global sales and distribution network, flexible operational capabilities, and world-class R&D competencies.\n\"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.\n\"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 ...

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