Cohu Ships the 4000th Handler from its Melaka Operation to Infineon Technologies
February 16 2021 - 4:05PM
Business Wire
Cohu, Inc. (NASDAQ: COHU), a global leader in back-end
semiconductor equipment and services, today announced the shipment
of its 4000th handler from Cohu’s manufacturing facility in Melaka,
Malaysia. The milestone system, a MATRiX thermal pick-and-place
handler was delivered to Infineon, a leading semiconductor
supplier, for testing automotive and industrial devices.
“Cohu has been a long-term test handling partner and we rely on
their ability to meet our production ramp,” said Soo-Hee Tan,
senior vice president back-end, Infineon Technologies. “MATRiX has
been an effective solution for Infineon with tight temperature
control at the extreme ranges of automotive test that maximize
yield while maintaining strict automotive quality standards.”
“We are pleased to have reached this milestone with Infineon,”
said Luis Müller, Cohu’s president and chief executive officer.
“Infineon and Cohu have worked together for many years to address
the toughest test challenges, accelerating time to yield and
providing greater productivity. We look forward to continuing to
improve performance for the next generation of automotive
devices.”
Cohu has the largest installed base of automotive thermal
pick-and-place handlers in the industry with the MATRiX and the
MT9510 providing full temperature control in extreme environmental
conditions from -55°C to +175°C, offering a variety of options,
upgrades and retrofits to configure the product to customer
applications while addressing evolving requirements for Industry
4.0.
About Cohu:
Cohu (NASDAQ: COHU) is a global leader in back-end semiconductor
equipment and services, delivering leading-edge solutions for the
manufacturing of semiconductors and printed circuit boards.
Additional information can be found at www.cohu.com.
Forward-Looking Statements:
Certain statements contained in this release and accompanying
materials may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, including statements regarding the MATRiX thermal
pick-and-place handler, Cohu continuing to improve performance for
the next generation of automotive devices, and any other statements
that are predictive in nature and depend upon or refer to future
events or conditions, and include words such as “may,” “will,”
“should,” “would,” “expect,” “anticipate,” “plan,” “likely,”
“believe,” “estimate,” “project,” “intend,” and other similar
expressions among others. Statements that are not historical facts
are forward-looking statements. Forward-looking statements are
based on current beliefs and assumptions that are subject to risks
and uncertainties and are not guarantees of future performance.
Actual results could differ materially from those contained in
any forward-looking statement as a result of various factors,
including, without limitation: the ongoing global COVID-19 pandemic
has adversely affected, and is continuing to adversely affect, our
business and results of operations; we are making investments in
new products and product enhancements, which may adversely affect
our operating results and these investments may not be commercially
successful; we are exposed to the risks of operating a global
business; we have manufacturing operations in Asia, and any failure
to effectively manage multiple manufacturing sites and to secure
raw materials meeting our quality, cost and other requirements, or
failures by our suppliers to perform, could harm our sales, service
levels and reputation; failure of critical suppliers to deliver
sufficient quantities of parts in a timely and cost-effective
manner could adversely impact us our operations; the semiconductor
industry is seasonal, volatile and unpredictable; the semiconductor
equipment and printed circuit board (“PCB”) test industries are
intensely competitive; semiconductor equipment is subject to rapid
technological change, product introductions and transitions which
may result in inventory write-offs, and our new product development
involves numerous risks and uncertainties; the seasonal nature of
the semiconductor equipment industry places enormous demands on our
employees, operations and infrastructure; a limited number of
customers account for a substantial percentage of our net sales; a
majority of our revenues are generated from exports to foreign
countries, primarily in Asia, that are subject to economic and
political instability and we compete against a number of Asia-based
test contactor, test handler, automated test equipment and PCB test
suppliers; the incurrence of substantial indebtedness in connection
with our financing of the Xcerra acquisition may have an adversely
impact on Cohu’s liquidity, limit Cohu’s flexibility in responding
to other business opportunities and increase Cohu’s vulnerability
to adverse economic and industry conditions; our Credit Agreement
contains various representations and negative covenants that limit,
subject to certain exceptions and baskets, our ability and/or our
subsidiaries’ ability to enter into financing and other
transactions relating to our assets; because of high debt levels we
may not be able to service our debt obligations in accordance with
their terms; we are exposed to other risks associated with other
acquisitions, investments and divestitures; we expect to continue
to evaluate and pursue divestitures of non-core assets; our
financial and operating results may vary and fall below analysts’
estimates, or credit rating agencies may change their ratings on
Cohu, any of which may cause the price of our common stock to
decline or make it difficult to obtain other financing; potential
goodwill impairments if our business underperforms; global economic
and political conditions, including trade tariffs and export
restrictions, and other regulatory requirements, have impacted our
business and may continue to have an adverse impact on our business
and financial condition; and our business and operations could
suffer in the event of cybersecurity breaches.
These and other risks and uncertainties are discussed more fully
in Cohu’s filings with the SEC, including the most recently filed
Form 10-K and Form 10-Q, and the other filings made by Cohu with
the SEC from time to time, which are available via the SEC’s
website at www.sec.gov. Except as required by applicable law, Cohu
does not undertake any obligation to revise or update any
forward-looking statement, or to make any other forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210216006129/en/
Investor Contact: Cohu, Inc. Jeffrey D. Jones, 858-848-8106
Investor Relations
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