K&S selling flip chip biz

February 9, 2004 – Kulicke & Soffa Industries Inc., Willow Grove, PA, said it has sold its flip-chip business to FlipChip International LLC for $3.4 million in cash and liabilities. The deal includes fixed assets, inventories, and IP of the business in Phoenix, AZ, which is also FlipChip’s headquarters.

With the deal, Kulicke & Soffa has divested all assets associated with its advanced packaging technology segment, which contributed 4% of the company’s most recent fiscal quarter.


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