Receives Multiple Orders for its Latest
Advanced Display System - LUMINEX™
SINGAPORE, May 4, 2022
/PRNewswire/ -- Kulicke and Soffa Industries, Inc.
(NASDAQ:KLIC) ("Kulicke & Soffa", "K&S"
or the "Company"), a global leader in the design and
manufacture of semiconductor, LED and electronic assembly
equipment, announced today that the Company received two purchase
orders, from two separate customers, for its latest advanced
display system - LUMINEX™.
Launched in November last year, LUMINEX is a disruptive
laser-based mini and micro LED die-transfer solution. This highly
flexible system is capable of single die transfer, multi-die
transfer and mass transfer supporting sorting, mixing, re-pitching
and placement process steps. The broad flexibility of this system
addresses the growing advanced display value chain and supports
needs of LED, OSAT, panel and display suppliers.
The Company expects mini LED backlit displays currently
represent only 3% of display capacity today and will accelerate to
reach 20% penetration levels by 2025. During this same period mini
LED direct-emissive technologies are to grow to 18% by 2025,
creating strong growth prospects for its growing portfolio of
advanced display solutions.
Nelson Wong, Kulicke &
Soffa's Senior Vice President of Global Sales and Supply Chain,
said, "Adoption continues to accelerate, and we continue to support
several active customer engagements across the advanced display
value chain. We are also positioned well to enable growth in the
micro LED market with an ongoing customer engagement."
According to TrendForce, a world leading market intelligence
provider, 4.7 million 4" mini LED wafer equivalents will be
deployed in backlighting applications in 2026. In parallel, about
4.6 million 4" mini LED wafer equivalents will be deployed in
direct-emissive displays by 2026.
Over the coming years, the Company also anticipates micro LED to
enable next generation premium direct-emissive displays which
further accelerate long-term prospects within its advanced display
portfolio.
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, Kulicke & Soffa'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.
Caution Concerning Results and
Forward-Looking Statements
This press release contains statements relating to future
events 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, 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, the
effects of the COVID-19 pandemic on our business, the effects of
supply chain constraints on our business, and the other factors
listed or discussed in our Annual Report on Form 10-K for the
fiscal year ended October 2, 2021, filed on November 18,
2021, 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.