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.