K&S considers future of non-core operations
Nov. 5, 2002 – Willow Grove, PA – Kulicke & Soffa Industries, the supplier of semiconductor assembly and test interconnect equipment, materials and technology, has announced that it is exploring options for certain of its non-core business units.
In order to focus management and financial resources on its larger, more established product lines, the company is evaluating various alternatives for its dicing saw, wafer and hard material blade, and flip chip business units, including their possible sale.
K&S has begun very preliminary discussions with potential buyers, while concurrently exploring other alternatives for these non-core businesses. There can be no assurance that a sale of the units will occur; they will therefore continue to be operated with the full support of K&S.
Chairman and CEO C. Scott Kulicke said, “Due to the severe nature and uncertain duration of this industry downturn, it is critical to concentrate management attention on our core businesses. The wire bonder, wire, capillary, and test interconnect operations have greater growth potential.”