Kulicke and Soffa Industries, Inc.

The grade, in three tenses

Headline 4.7 out of ten, 9 of 9 metrics filed: past 3.9 out of ten, present 5.5 out of ten, future 4.4 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 1.9 out of ten. 4 warning events since 2017; the latest 2018-05-30. 19th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 2.6 out of ten. -2.6% a year over 9 filed years; profitable in 8 of 9. 26th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 9.5 out of ten. Share count shrank 4.5% a year. 100% of cash flow returned. Insiders: 14 sales, 0 purchases. 95th percentile among 67 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Financial health (present): 6.8 out of ten. ROE 0%: 0¢ of profit per shareholder dollar. Leverage 26%: owes 26¢ per asset dollar. 68th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 3.4 out of ten. bottom 34% of 97 in its family; net margin 0%. 34th percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 5.9 out of ten. top 41% of 66 in its family for leadership; chief executive since 2026. 59th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 6.2 out of ten. top 38% of 94 in its family for room to expand. 62nd percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 2.5 out of ten. bottom 25% of 93 in its family for growth drivers. 25th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 3.8 out of ten. bottom 38% of 88 in its family for expectations against reality. 38th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2025-11-20 for the period ended 2025-10-04 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-07-04 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form 4, 2026-10-07. Filings on record since 1994. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2025-11-20.

The people

Dr. Raj Talluri became president and chief executive on September 1, 2026, having been appointed on August 13, 2026 and joined the board on August 17, 2026. He came from Enovix, a Nasdaq-listed advanced battery technology company he had run as chief executive since January 2023; before that he led the mobile business unit at Micron Technology from March 2018 through December 2022, after senior roles at Qualcomm CDMA Technologies and engineering and business leadership roles at Texas Instruments. He follows Dr. Fusen Chen, on the company's insider record since 2016, who retired as president, chief executive and director on December 1, 2025, for health reasons. From October 28, 2025 the chief financial officer, Lester Wong, held the job as interim chief executive while the board looked at external and internal candidates; he continues as executive vice president and chief financial officer. [1, 2, 3, 4, 5, 6, 7]

The rest of the executive team has been there for years. Lester Wong joined in September 2011 as general counsel, after the same job at GigaMedia Limited; he was interim finance chief from November 2017, chief financial officer from December 20, 2018 and executive vice president from January 1, 2022. Robert Chylak, the chief technology officer, joined in September 1980 and has run central engineering as a senior vice president since January 2022. Nelson Wong joined in 1997, ran the ball bonder business unit from 2011, took over global sales in November 2019 and the supply chain in November 2021. Zi Yao Lim joined in December 2020 and has been general counsel since July 2024. One officer went at the same time as the chief executive: Chan Pin Chong, executive vice president and general manager for K&S products and solutions, retired on December 1, 2025, and his duties went to Ivy Qin, who runs wire bonding, and John Molnar, who runs advanced solutions. [8, 9, 10, 11, 12, 13, 14, 15]

Peter T. Kong has chaired the board since October 2020 and has been a director since February 18, 2014; he ran the global components business of Arrow Electronics until he retired in 2013. The other five directors bring chip and finance careers: Mui Sung Yeo, a director since October 1, 2012, was chief financial officer of United Test & Assembly Center from October 1999 to September 2007; Gregory F. Milzcik, since October 2013, led Barnes Group, an aerospace and industrial company; David Jeffrey Richardson, since May 29, 2020, was chief operating officer of LSI Corporation, now part of Broadcom; Jon A. Olson, since March 5, 2021, was chief financial officer of Xilinx; and Denise M. Dignam, since August 22, 2023, is chief executive of The Chemours Company. In June 2025 the board voted to undo its staggered terms, so that from the 2029 annual meeting every director stands for election each year. [16, 17, 18, 19, 20, 21, 22, 23]

As of October 4, 2025 the company had 2,551 full-time employees and 41 temporary workers worldwide. The annual report does not break them down by job or by country, but most of the company's key people are in Asia, where competition for skilled staff is intense, and many of its senior officers work in Singapore and are paid in Singapore dollars. The workforce is being trimmed: in September 2025 management approved a cost-reduction program that included cutting headcount, and by the same date the wind-down of the Electronics Assembly equipment business had substantially finished its consultation with the works council and union representatives. [24, 25, 26, 27, 28]

How it operates

K&S makes the machines, and the consumable tools they use, that assemble semiconductor devices: integrated circuits, power discretes, LEDs and sensors for automotive, compute, industrial, memory and communications markets. Its core is wire bonding, which connects a chip to the package around it with fine wire, and a majority of revenue comes from it: ball bonders are the largest line, while wedge bonders use ribbon or heavy wire for power electronics, cars and other semiconductor work. Beyond wire it sells advanced packaging machines, among them the APTURA thermo-compression bonder, which joins chips with heat and pressure for chiplet packages, plus die-attach, advanced display and dispensing systems. It also services, repairs and upgrades machines and sells consumable tools and spares, for its own equipment and for its peers'. [29, 30, 31, 32, 33, 34, 35, 36]

Its buyers are integrated device manufacturers, the chip companies that assemble in house, outsourced semiconductor assembly and test providers, which package and test chips for others, foundries, and makers of electronics and automotive electronics. There are not many of them: the ten largest took 54.8% of fiscal 2025 revenue, against 53.6% a year earlier. One, Tianshui Huatian Technology, took 12.0%, the only customer above a tenth of revenue, and no customer had reached that mark in the two years before. At the year end Huatian also owed 30.3% of all money due from customers, up from 17.2%, and Haoseng Industrial 13.0%. K&S sells mainly through its own sales force, with agents and distributors for some products and regions, and keeps sales and support people near customers' plants, from Singapore, China, Taiwan and Korea to Germany, Mexico and the Netherlands. [37, 38, 39, 40, 41, 42]

By destination, China took 363.6 million dollars, 55.6% of fiscal 2025 revenue, down 12.7% on the year; the United States 9.5%, Taiwan 8.4%, Malaysia 7.0% and South Korea 4.2%, the one market to more than double, up 137.9%. More than nine tenths of revenue went to customer sites outside the United States, and 53.5% to customers headquartered in China. Where a machine lands is not always where its buyer sits: customers headquartered in the United States may ask for delivery to their back-end plants in China. By end market, general semiconductor sales, the largest, held level and aftermarket sales barely moved, while automotive and industrial fell by about a fifth and memory by more than a quarter. [36, 43, 44, 45]

Its own factories mostly assemble and test machines built from bought-in parts. K&S keeps an outsource model to hold down fixed costs and capital spending, makes only low-volume, highly customized subassemblies itself, and depends on a single or a limited number of sources for many parts. Ball and wedge bonders, the AT Premier series and the APAMA, APTURA and Katalyst bonders are built in Singapore, at the Serangoon site that is also a corporate headquarters and the largest the company lists; the hybrid and electronic assembly machines in the Netherlands and Singapore; the dispensing machines in Taiwan. Dicing blades, capillaries, which are the tool tips that guide the wire in a bonder, and part of the bonding wedges are made in Suzhou in China, and capillaries also in Haifa in Israel. [46, 47, 48, 49, 50, 51]

It builds to purchase orders and forecasts rather than long-term supply contracts, and a majority of orders can be cancelled or deferred with limited or no penalty, so revenue follows what customers decide to spend on capacity. Equipment ships with a one-year warranty; revenue is recorded when a machine ships or is delivered, or, where the customer tests and accepts it on site, only after that. The aftermarket line of tools, spares and services has historically moved least with the cycle, because it follows how many chips are being made rather than how much new capacity is being built. [52, 53, 54, 55, 56]

The specifics

K&S dates itself to 1951 and was incorporated in Pennsylvania in 1956; it keeps principal offices in Singapore and in Fort Washington, Pennsylvania. It has been cutting back to its core. In October 2024 it sold its lithography business, Kulicke & Soffa Liteq, to Onto Innovation. On March 25, 2025 the board approved a plan to cease the Electronics Assembly equipment business, built in the Netherlands and Singapore, to put core semiconductor assembly first and steady results through the cycle. That wind-down cost a 31.5 million dollar inventory write-down and 39.9 million of impairment charges in fiscal 2025, including a full write-off of 19.2 million of goodwill, and the company expects it to be substantially complete in fiscal 2026, leaving service support for the customers still owed it. [57, 58, 59, 60, 61, 62, 63, 64, 48]

Project W shows what one customer can do to a line of business. K&S was engaged by a customer it does not name to develop, and later mass-produce, certain advanced display technologies; after a strategic review of its own business the customer cancelled. In fiscal 2024 K&S wrote down 57.3 million dollars of inventory and took 44.5 million of impairment charges on the long-lived assets tied to the project. On November 4, 2024 the customer agreed to pay 86.2 million dollars towards the costs it had incurred: 15.1 million was booked as revenue for products delivered and 71.1 million as a gain, and the money arrived in the quarter ended March 29, 2025. [65, 66, 63, 67]

Its edge, in its own telling, is process know-how. Working with customers and with material and equipment suppliers, it developed production processes that made copper wire widely accepted for bonding and significantly cut the cost of assembling an integrated circuit. Newer machines reach past wire: the APAMA and APTURA lines for 2.5D and 3D packages, where chips sit side by side or stacked, and the ATPremier MEM PLUS, which uses vertical wire for dense DRAM and NAND memory. The company holds a number of United States patents but says much of its important technology sits in trade secrets and proprietary software, which makes people the weak point: it has learned that certain former employees in China, who had access to materials on its products and designs, may have passed them to their new employer, a direct competitor, and it is investigating and may go to court. [68, 69, 70, 71, 72]

It names its rivals: in equipment ASM Pacific Technology, Hesse, Han's Laser Technology, BE Semiconductor Industries, Hanwha Precision Machinery, Panasonic, Yamaha Robotics and Nordson; in consumables PECO, Disco, Small Precision Tools and Chaozhou Three-Circle. Two pressures stand out. Chinese makers, helped by government incentives as China builds domestic capacity, can charge less, which has pulled down the company's average selling prices in China. And the packaging methods that could replace wire, hybrid bonding, thermo-compression, flip chip and wafer-level packaging, remove the need for wires between a chip and its package, a risk the company flags because a majority of its revenue comes from wire bonding. Export rules bite too: some advanced packaging products, built on United States technology, cannot be sold to Huawei or others on the Entity List, though the company says those rules have had no material direct impact on it so far. [73, 74, 75, 76, 31, 77]

What drives growth, line by line

Revenue fell 7.4% in fiscal 2025 to 654.1 million dollars, a fourth yearly decline in a row and less than half the 1.5 billion of fiscal 2021. The company points to lower volumes in ball bonders, the aftermarket line and the smaller businesses, partly offset by wedge bonders and advanced solutions, and says customers who had built up stocks of its products over the past three years were still cutting their order rates to work them down. After the wind-down charges and the Project W gain, the year ended with an operating loss of 3.2 million dollars and net income of 213.0 thousand. [78, 79, 80, 81, 63]

Ball Bonding Equipment. The largest line: 293.0 million dollars, 44.8% of revenue, down 18.1% from 357.8 million. Customers bought fewer ball bonders for general semiconductor and memory work, with factory use steady in some regions and investment held back by uncertainty about the economy. The line's gross margin still rose, to 50.0% from 47.7%, on a better mix of products and of customers. [36, 82, 83, 84]

Aftermarket Products and Services APS. 156.1 million dollars, 23.9% of revenue, down 2.4%, on fewer spares and services sold and weaker pricing for bonding tools. Its gross margin fell to 48.3% from 55.6%, largely because spares for the discontinued Electronics Assembly machines were written down. This is the steadiest line in the company, tied to how many chips are made rather than to how much capacity is added. [36, 85, 86, 83, 54]

Wedge Bonding Equipment. 110.6 million dollars, 16.9% of revenue, up 4.5%: more machines sold for general semiconductor work, partly offset by fewer for automotive. Its gross margin slipped to 45.1% from 46.7% on a less favorable mix of products and of customers. [36, 87, 88, 83]

Advanced Solutions. 72.7 million dollars, 11.1% of revenue and the fastest-growing line, up 37.6%, on more purchases of LED equipment, counted in the industrial end market, and for general semiconductor work. Its gross margin came back to 58.0% from negative 81.8%, the year when inventory written down for the cancelled Project W pushed costs above sales. [36, 89, 90, 83]

All Others. The smallest line, 21.7 million dollars, 3.3% of revenue, down 27.0% on fewer purchases for general semiconductor work. It holds the dispensing, electronics assembly and some display and die-attach systems, and it carried most of the Electronics Assembly wind-down: the write-downs drove its gross margin to negative 164.4%, from 9.2% a year earlier. [36, 91, 35, 92, 93, 83]

Orders turned before revenue did. Bookings for fiscal 2025 ran well above both the year's revenue and the previous year's bookings, and the backlog of orders due to ship within twelve months ended the year about two thirds larger than a year before, though the company warns that a majority of orders can be cancelled or deferred. In its own words it anticipates long-term growth in semiconductor consumption while trade-related weakness in demand from China persisted in fiscal 2025 and beyond, and it expects capital spending of 8.0 to 12.0 million dollars in fiscal 2026. [94, 95, 53, 96, 97]

The newest quarterly report shows the turn reaching revenue. Revenue for the nine months to July 4, 2026 was 62.1% higher than in the same months a year before, and 122.6% higher in the latest quarter alone. Ball bonders led: their sales rose by 294.6 million dollars over the nine months, most of it for general semiconductor work and 57.0 million of it in memory, which the company puts down to customer technology transitions and better demand. Wedge bonders went the other way, down 30.6 million, as capacity needs for electric vehicles fell. [98, 99, 100, 101]

What the desk infers (inferred, not filed)

• The swing of Advanced Solutions to an operating profit in fiscal 2025 rests mostly on the one-off Project W reimbursement booked inside that segment, not on what the line itself sold. Because: Project W was advanced display work, and advanced display is part of what the Advanced Solutions segment reports. [65, 34] The 71.1 million dollar reimbursement from the Project W customer was counted as a gain relating to cessation of business in fiscal 2025. [81] The segment table's selling, general and administrative total, 131,529 thousand dollars, is lower than the 167,699 thousand in the results table by the gain of 75,987 thousand less the impairment charges of 39,817 thousand, so the segment rows carry that gain. [102, 103] In that table Advanced Solutions is the only segment whose selling, general and administrative line is a credit rather than a cost. [102] The reimbursement is larger than the line's whole reported income from operations of 49,411 thousand dollars, which followed a loss of 155,350 thousand a year earlier. [104, 81] Confidence 80 of 100. Wrong if: A company statement or segment note placing the Project W reimbursement outside Advanced Solutions, or showing that the line's own operations, before any gain, earned an operating profit in fiscal 2025.
• Project W was a build-out dedicated to one customer rather than a product for many buyers: K&S fitted out capacity for it, and when the customer cancelled those assets had no other use, which is why the customer paid the costs back. Because: The work was to support one customer with the development and future mass production of certain advanced display technologies. [65] Capital spending in Advanced Solutions was 30,522 thousand dollars in fiscal 2023, against 804 thousand in fiscal 2024 and 125 thousand in fiscal 2025. [105] When the project was cancelled the future cash flows of its long-lived assets were projected as zero and they were written off in full, 38.0 million dollars of that property, plant and equipment, mostly leasehold improvements. [106] The customer then agreed to pay 86.2 million dollars to reimburse the costs and expenses incurred on the project. [67] Confidence 70 of 100. Wrong if: A filing showing that the capacity built for Project W was turned to other customers' orders, or that the capital spent in Advanced Solutions in fiscal 2023 went to programs other than Project W.
• The recovery that followed fiscal 2025 has been led by chip assemblers in China buying ball bonders, which leaves the company leaning on a handful of Chinese buyers more than it did before. Because: In fiscal 2025 only Tianshui Huatian Technology passed a tenth of revenue, at 12.0%; in the nine months to July 4, 2026 three customers did, Tianshui Huatian Technology at 13.8%, Haoseng Industrial at 14.8% and Changjin Technology (Shanghai) at 10.4%. [39, 107] Two of those three carry Chinese place names, Tianshui and Shanghai, and the share of revenue from customers headquartered in China rose to 56.4% for the nine months from 51.3% a year earlier. [107, 108] Ball bonders drove the rise, up 294.6 million dollars over those nine months, most of it for general semiconductor work, which the company puts down to customer technology transitions and better demand. [100] The company's direct buyers are mainly chip makers that assemble in house and outsourced assembly and test providers. [37] The turn showed first at Huatian: its share was 10.1% of revenue in the first nine months of fiscal 2025 and 12.0% for the full year, and it owed 30.3% of all customer money due at the year end, up from 17.2%. [107, 39, 40] Confidence 60 of 100. Wrong if: A filing showing that most of the increase in ball bonder sales in fiscal 2026 went to customers headquartered outside China, or that these large customers are distributors shipping mainly outside China.

Sources

1. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “On October 28, 2025, the Company announced that Dr. Fusen Chen will retire as President and Chief Executive Officer of the Company and as a member of the Board, effective December 1, 2025. Also, on October 28, 2025, the Board appointed Lester Wong, the Company’s current Executive Vice President and Chief Financial Officer, as the Company’s Interim Chief Executive Officer. The Board will conduct a search for a permanent successor among external and internal candidates.”
2. Kulicke and Soffa Industries, Inc., Form 8-K filed 2025-10-28: “On October 28, 2025, Kulicke and Soffa Industries, Inc. (the "Company") announced that due to health reasons, Dr. Fusen Chen has informed the Company’s Board of Directors (the “Board”) that he will retire as President and Chief Executive Officer of the Company and as a member of the Board, effective December 1, 2025 (the “Effective Date”).”
3. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “As previously reported on October 28, 2025, Dr. Fusen Chen retired as President and Chief Executive Officer of the Company and as a member of the board of directors effective December 1, 2025.”
4. Kulicke and Soffa Industries, Inc., Form 8-K filed 2026-08-17: “On August 13, 2026, Kulicke and Soffa Industries, Inc. (the "Company") appointed Dr. Raj Talluri to serve as President and Chief Executive Officer effective September 1, 2026. He will also be appointed to the Board of Directors of the Company (the “Board”) effective August 17, 2026.”
5. Kulicke and Soffa Industries, Inc., Form 8-K filed 2026-08-17: “Previously, Dr. Talluri served as President, Chief Executive Officer and a member of the Board of Directors of Enovix Corporation, a Nasdaq-listed advanced battery technology company, since January 2023. Prior to Enovix, from March 2018 through December 2022, Dr. Talluri served as Senior Vice President, General Manager, Mobile Business Unit at Micron Technology. Prior to that, Dr. Talluri served in various senior executive roles at Qualcomm CDMA Technologies and a variety of engineering and business leadership roles at Texas Instruments Incorporated.”
6. Kulicke and Soffa Industries, Inc., Form 8-K filed 2026-08-17: “Lester Wong, the Company’s interim Chief Executive Officer (“Interim CEO”), and the Company’s current Executive Vice President and Chief Financial Officer, will continue to serve as the Company’s Executive Vice President and Chief Financial Officer.”
7. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
8. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Wong joined the Company in September 2011 as Senior Vice President, Legal Affairs and General Counsel and assumed the role of interim Chief Financial Officer and interim Principal Accounting Officer effective November 28, 2017. Mr. Wong was appointed Chief Financial Officer on December 20, 2018, and was promoted to Executive Vice President, from Senior Vice President, on January 1, 2022.”
9. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Prior to joining the Company, Mr. Wong was General Counsel at GigaMedia Limited, a U.S. listed major provider of online entertainment software, from May 2008 to August 2011.”
10. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Chylak joined the Company in September 1980. Mr. Chylak was appointed an Executive Officer in October 2021 and promoted to Senior Vice President, Central Engineering and Chief Technology Officer effective January 2022.”
11. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Wong joined the Company in 1997 and served as Vice President, Ball Bonder Business Unit since 2011 and was responsible for leading the Ball Bonder and Support Services Business Unit.”
12. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Wong assumed leadership of the Global Sales function in November 2019 and assumed responsibilities for the global supply chain function in November, 2021.”
13. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Lim joined the Company in December 2020 as Senior Manager, Legal Affairs and served as Director, Legal Affairs, from January 2023 until December 2023. Mr. Lim assumed the role of Interim General Counsel of the Company effective January 1, 2024, and was promoted to Senior Director and appointed General Counsel of the Company in July 2024.”
14. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “Separately, on October 14, 2025, Mr Chan Pin Chong, Executive Vice President & General Manager, K&S Products & Solutions of the Company, retired from his position effective December 1, 2025.”
15. Kulicke and Soffa Industries, Inc., Form 8-K filed 2025-10-14: “Effective immediately, Ivy Qin, who is the Vice President & General Manager of Wire Bonding, and John Molnar, who is the Vice President & General Manager of Advanced Solutions, will assume Mr. Chong’s duties and report to Dr. Fusen Chen, President and Chief Executive Officer of the Company.”
16. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Kong was appointed to the board of directors on February 18, 2014 and has served as the Chairman of the Company since October 2020. Mr. Kong served as President, Global Components, of Arrow Electronics, Inc., a global provider of products, services and solutions to industrial and commercial users of electronic components and an enterprise computing solutions company, from 2009 until his retirement in 2013.”
17. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Ms. Yeo was appointed to the board of directors on October 1, 2012.”
18. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Ms. Yeo served as Chief Financial Officer and Group Vice President at United Test & Assembly Center Ltd. from October 1999 to September 2007.”
19. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Milzcik has been a member of the board since October 2013. Mr. Milzcik served as President and Chief Executive of Barnes Group Inc, a global, mid-cap aerospace and industrial company from 2006 until his retirement in 2013.”
20. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Richardson was appointed to the board of directors on May 29, 2020. He has been a private investor and business development consultant since May 2014. Previously, Mr. Richardson served in various roles at LSI Corporation, now part of Broadcom, from June 2005 until May 2014 . Most recently, he served as Executive Vice President and Chief Operating Officer from 2011 until 2014.”
21. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Mr. Olson was appointed to the board of directors on March 5, 2021. He most recently served as Chief Financial Officer of Xilinx, Inc., where his responsibilities covered finance, IT, purchasing, and facilities from 2005 through his retirement in 2016.”
22. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Ms. Dignam has served on the Board since August 22, 2023. She is currently the President and Chief Executive Officer of The Chemours Company (NYSE:CC), one of the largest manufacturers of Titanium Dioxide in the world, a position she has held since March 2024.”
23. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “On June 5, 2025, the Board approved an amendment and restatement of our bylaws to declassify the Board and provide for the annual election of all directors, phased in over a four-year period. As a result, at the 2029 annual meeting of shareholders and each annual meeting of shareholders thereafter, all directors will be elected for a one-year term expiring at the next annual meeting of shareholders.”
24. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “As of October 4, 2025, we had 2,551 full-time employees and 41 temporary workers worldwide.”
25. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Experienced personnel with the relevant and necessary skill sets in our industry are in high demand and competition for their talents is intense, especially in Asia, where most of the Company’s key personnel are located.”
26. Kulicke and Soffa Industries, Inc., Form DEF 14A filed 2026-01-22: “Many of our named executive officers are employed in Singapore, and their compensation is determined and denominated in Singapore dollars, except for the CEO and CTO who are paid in U.S. dollars.”
27. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “In September 2025, management approved a restructuring program to implement cost-reduction measures, including reductions in employee headcount and other operating expenditures.”
28. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The cessation of the EA equipment business is subject to a consultation process with the applicable works council and union representatives, which the Company initiated in the third fiscal quarter of 2025 and, as of October 4, 2025, has substantially completed.”
29. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We design, develop, manufacture and sell capital equipment and consumables and provide services used to assemble semiconductor devices, such as integrated circuits, power discretes, light-emitting diode (“LEDs”), and sensors. We also service, maintain, repair and upgrade our equipment and sell consumable aftermarket solutions and services for our and our peer companies’ equipment.”
30. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets.”
31. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Given that a majority of our revenue comes from wire bonding, a reduced demand for our wire bonding equipment could materially and adversely affect our financial results.”
32. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our leading technology for wedge bonder equipment uses ribbon or heavy wire for different applications such as power electronics, automotive and semiconductor applications.”
33. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The APTURATM is a highly capable thermo-compression bonding system which supports an ultra-fine-pitch fluxless direct-copper thermo-compression bonding process. With this system, we are well positioned to enable growth of chiplet-based advanced packages.”
34. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Advanced Solutions: Reflects the results of the Company from the design, development, manufacture and sale of certain advanced display, die-attach and thermocompression systems and solutions.”
35. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “This group is reflective of the results of the Company from the design, development, manufacture and sale of certain advanced display, advanced dispense, electronics assembly and die-attach systems and solutions.”
36. The record on this page: revenue by line and by geography, as tagged in the annual report (the SEC's financial statement data sets)
37. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our customers primarily consist of integrated device manufacturers (“IDMs”), outsourced semiconductor assembly and test providers (“OSATs”), foundry service providers, and other electronics manufacturers and automotive electronics suppliers.”
38. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Sales to our ten largest customers comprised 54.8% and 53.6% of our net revenue for fiscal 2025 and fiscal 2024, respectively.”
39. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The following table reflects significant customer concentrations as a percentage of net revenue for the fiscal years ended October 4, 2025, September 28, 2024 and September 30, 2023: Fiscal October 4, 2025 September 28, 2024 September 30, 2023 Tianshui Huatian Technology Co., Ltd 12.0 % * * * Represents less than 10% of total net revenue”
40. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The following table reflects significant customer concentrations as a percentage of total accounts receivable as of October 4, 2025 and September 28, 2024: As of October 4, 2025 September 28, 2024 Tianshui Huatian Technology Co., Ltd 30.3 % 17.2 % Haoseng Industrial Co Ltd 13.0 % * Forehope Group * 15.7”
41. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “To maintain these relationships, we primarily utilize our direct sales force, as well as distribution channels such as agents and distributors, depending on the product, region, and end-user application.”
42. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our sales support and customer support resources are located primarily in Singapore, Israel, Taiwan, China, Korea, Malaysia, the Philippines, Vietnam, Japan, Thailand, India, the U.S., Germany, Mexico, Switzerland and the Netherlands.”
43. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Approximately 90.5% and 90.6% of our net revenue for fiscal 2025 and 2024, respectively, was for shipments to customer locations outside of the U.S., primarily in the Asia/Pacific region. Approximately 53.5% and 53.3% of our net revenue for fiscal 2025 and 2024, respectively, was for shipments to customers headquartered in China.”
44. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For example, customers headquartered in the U.S. may require us to deliver our products to their back-end production facilities in China.”
45. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “General Semiconductor $ 334,181 $ 333,788 $ 333,937 Automotive & Industrial (1) 110,351 138,845 225,415 Memory 53,420 73,590 22,421 APS 156,129 160,009 160,718”
46. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our equipment manufacturing activities consist mainly of integrating outsourced parts and subassemblies and testing finished products to customer specifications. We largely utilize an outsource model, allowing us to minimize our fixed costs and capital expenditures. For certain low-volume, high customization parts, we manufacture subassemblies ourselves.”
47. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Raw materials used in our equipment manufacturing are generally available from multiple sources; however, many outsourced parts and components are only available from a single or limited number of sources.”
48. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our ball bonder, wedge bonder, AT Premier series, APAMATM, APAMA PlusTM, APTURATM and KatalystTM bonder manufacturing and assembly is done at our facility in Singapore. Our Hybrid and Electronic Assembly solutions manufacturing and assembly is done at our facilities in the Netherlands and Singapore. Our advanced dispensing manufacturing and assembly is done at our facility in Taiwan.”
49. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We manufacture dicing blades, capillaries and a portion of our bonding wedge inventory at our facility in China. The capillaries are produced at our facilities in China and Israel.”
50. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Singapore Serangoon 251,000 sq. ft. Corporate headquarters, manufacturing, technology, sales and service center Ball Bonding Equipment Wedge Bonding Equipment Advanced Solutions China Suzhou 155,000 sq. ft. Manufacturing, technology and shared support services center APS”
51. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The Company has a manufacturing facility and a business office in Haifa, and our capillaries are manufactured at our facilities in Israel and China.”
52. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We manufacture products primarily pursuant to purchase orders for current delivery or to forecast, rather than pursuant to long-term supply contracts.”
53. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “A majority of our orders are subject to cancellation or deferral by our customers with limited or no penalties. Also, customer demand for our products can vary dramatically without prior notice.”
54. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our Aftermarket Products and Services (“APS”) segment has historically been less volatile than the other reportable segments. APS sales are more directly tied to semiconductor unit consumption rather than capacity requirements and production capability improvements.”
55. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The Company’s equipment is generally shipped with a one-year warranty against manufacturing defects.”
56. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “In such cases, if the terms of acceptance are satisfied at our facility prior to shipment, the revenue for the equipment will be recognized upon shipment. If the terms of acceptance are satisfied at our customers’ facilities, the revenue for the equipment will not be recognized until acceptance, which is typically obtained after installation and testing, is received from the customer.”
57. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges”
58. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “K&S was incorporated in Pennsylvania in 1956. Our principal offices are located at 23A Serangoon North Avenue 5, #01-01, Singapore 554369 and 1005 Virginia Dr., Fort Washington, PA 19034”
59. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “On October 16, 2024, the Company, through one of its subsidiaries, Kulicke and Soffa Holland Holdings B.V., entered into a Share Sale and Purchase Agreement with Onto Innovation Europe B.V. ("Onto") for the sale of 100% of the common shares of Kulicke & Soffa Liteq B.V. ("K&S Liteq") and its related lithography business. The sale was completed on October 18, 2024.”
60. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “On March 25, 2025, the Board of Directors of the Company approved a strategic plan related to the cessation of the Company's Electronics Assembly ("EA") equipment business. As part of the plan, the Company began the process of winding down the EA equipment business in an effort to prioritize core semiconductor assembly business opportunities and enhance overall through-cycle financial performance.”
61. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The wind down activities remains ongoing and are expected to be substantially completed by fiscal 2026, after which there will be some service support activities to serve out the remaining customer obligations.”
62. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We recorded a write-down to inventory totaling $31.5 million with a corresponding increase to cost of sales in our consolidated financial statements for the fiscal year ended October 4, 2025.”
63. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the impairment charges were due to $39.9 million impairment charges on long-lived assets, intangible assets and goodwill related to the cessation of the EA equipment business. The impairment charges in fiscal 2024 were due to $44.5 million impairment charges on long-lived assets related to the cancellation of Project W.”
64. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “During the fiscal year ended October 4, 2025, we recorded a full impairment charge of $19.2 million related to goodwill, and $15.7 million impairment charge related to the intangible assets reported within the APS reportable segment and "All Others" category.”
65. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The Company was engaged by one of its customers (the "Customer") to support the Customer with the development and future mass production of certain technologies relating to advanced display (the "Project"), previously referred to as Project W. As previously disclosed in fiscal 2024, in connection with the Customer's strategic review of its business, the Customer informed the Company that it cancelled the Project.”
66. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We recorded a write-down to inventory totaling $57.3 million with a corresponding increase to cost of sales in our Consolidated Statements of Operations for fiscal 2024.”
67. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “On November 4, 2024, the Company and the Customer entered into a written agreement pursuant to which the Customer agreed to reimburse the Company for certain costs and expenses that the Company incurred in connection with the Project. Pursuant to the agreement, the Customer agreed to pay $86.2 million to the Company. In the quarter ended December 28, 2024, $15.1 million was included within "Net Revenue" for delivered products and the remaining $71.1 million was included in "Gain relating to cessation of business" in the Consolidated Statements of Operations. In the quarter ended March 29, 2025, the Company received the reimbursement amount from the Customer.”
68. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “By working with customers, material suppliers, and other equipment suppliers, we have developed a series of robust, high-yielding production processes, which have made the use of copper wire for the bonding process widely accepted and significantly reduced the cost of assembling an integrated circuit.”
69. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “With the launch of our APAMATM, APAMA PlusTM and APTURATM, we are also developing and manufacturing advanced packaging solutions for the emerging 2.5-dimensional integrated circuit (“2.5D IC”) and 3-dimensional integrated circuit (“3D IC”) markets.”
70. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We recently introduced ATPremier MEM PLUS™, a cutting-edge wafer level packaging solution, deploying innovative vertical wire technology to address emerging advanced memory applications within today's fast-paced semiconductor market.”
71. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We currently hold a number of U.S. patents, many of which have foreign counterparts. We believe the duration of our patents often exceeds the commercial life cycles of the technologies disclosed and claimed in the patents. Additionally, we believe much of our important technology resides in our trade secrets and proprietary software.”
72. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For example, as a result of our active surveillance, we have learned that certain ex-employees in China, who had access to materials containing proprietary information and trade secrets about our products and designs, may have provided them to their current employer that is our direct competitor. We continue to fully investigate this matter and, if appropriate, pursue litigation against all parties that may be involved to protect our confidential information and trade secrets.”
73. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our major equipment competitors are ASM Pacific Technology, Hesse GmbH, Han's Laser Technology Co., Ltd., BE Semiconductor Industries N.V., Hanwha Precision Machinery Co., Ltd., Panasonic Holdings Corporation, Yamaha Robotics Holdings Co. Ltd., and Nordson Corporation.”
74. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our significant consumables competitors are PECO Co., Ltd., Disco Corporation, Small Precision Tools Co., Ltd. and Chaozhou Three-Circle (Group) Co., Ltd.”
75. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The Chinese government’s initiatives around self-sustainability in the semiconductor sector are propelling China to expand its domestic manufacturing capacity. With considerable incentives from the Chinese government, manufacturers based in China are able to lower selling prices, thereby increasing overall competition. This has resulted in a lowering of our average selling prices in China.”
76. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “These technologies include hybrid bonding, thermo-compression bonding, flip chip bonding and wafer-level packaging. Some of these alternative technologies eliminate the need for wires to establish the electrical connection between a die and its package.”
77. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Therefore, these products cannot be sold to Huawei and other Entity List companies, and are subject to certain end use restrictions. To date, these amendments to the EAR have not had a material direct impact on our business, financial condition or results of operations and we do not expect that they will”
78. The record on this page: the filed annual figures (EDGAR's company facts)
79. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The decrease in net revenue is primarily due to lower volume in Ball Bonding Equipment, APS and All Others, partially offset by the higher volumes in Wedge Bonding Equipment and Advanced Solutions as further outlined in the tables presented immediately below.”
80. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Many of our customers who accumulated our products in the past three years continue to reduce their order rates as a result of inventory adjustment.”
81. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the gain relating to cessation of business as compared to fiscal 2024 was primarily due to the $71.1 million reimbursement for certain costs and expenses from Project W cancellation, a $3.2 million gain on the disposal of a subsidiary and a $1.7 million gain from the supplier settlement.”
82. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the decrease in Ball Bonding Equipment net revenue as compared to fiscal 2024 was primarily due to a lower volume of customer purchases in the general semiconductor and memory end markets as a result of relatively stable factory utilization levels in certain regions and a decrease in customer investments as a result of uncertainties in the overall macroeconomic environment.”
83. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Ball Bonding Equipment 50.0 % 47.7 % 230 Wedge Bonding Equipment 45.1 % 46.7 % (160) Advanced Solutions 58.0 % (81.8) % 13,980 APS 48.3 % 55.6 % (730) All Others (164.4) % 9.2 % (17,360) Total gross profit margin 42.5 % 38.1 % 440”
84. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the higher Ball Bonding Equipment gross profit margin as compared to fiscal 2024 was primarily driven by a favorable product mix, including lower sales of lower margin products and a shift in customer mix, including higher sales to customers where we achieve higher average margins.”
85. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the decrease in APS net revenue as compared to fiscal 2024 was primarily due to a lower volume of customer purchases primarily in spares and services, and unfavorable pricing from bonding tools.”
86. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the lower APS gross profit margin as compared to fiscal 2024 was primarily driven by the spares related inventory write-down charges incurred as a result of the cessation of the EA equipment business, lower volume from spares and services, and unfavorable pricing from bonding tools.”
87. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the increase in Wedge Bonding Equipment net revenue as compared to fiscal 2024 was primarily due to a higher volume of customer purchases primarily in the general semiconductor and partially offset by lower customer purchases in the automotive markets.”
88. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the lower Wedge Bonding Equipment gross profit margin as compared to fiscal 2024 was primarily driven by a less favorable product mix, including higher sales of lower margin products and a shift in customer mix, including higher sales to customers where we achieve lower average margins.”
89. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the increase in Advanced Solutions net revenue as compared to fiscal 2024 was primarily due to a higher volume of customer purchases in LED which is included in the industrial end market and higher customer purchases in the general semiconductor end market.”
90. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the higher Advanced Solutions gross profit margin as compared to fiscal 2024 was primarily driven by the inventory write-down charges in the prior year as a result of the cancellation of Project W and favorable product mix, including higher sales of higher margin products.”
91. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the decrease in net revenue in the “All Others” category as compared to fiscal 2024 was primarily due to a lower volume of customer purchases in the general semiconductor end market.”
92. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The wind down charges and impairments are primarily recorded in the Company’s "All Others" category and the APS reportable segment.”
93. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “For fiscal 2025, the lower All Others gross profit margin as compared to fiscal 2024 was primarily driven by the inventory write-down charges incurred as a result of the cessation of the EA equipment business.”
94. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “The following tables reflect the bookings and backlog for fiscal 2025 and 2024: Fiscal (in thousands) 2025 2024 Bookings $ 750,781 $ 430,994 As of (in thousands) October 4, 2025 September 28, 2024 Backlog $ 245,280 $ 148,585”
95. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Our backlog consists of customer orders scheduled for shipment within the next twelve months.”
96. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “While the Company anticipates long-term growth in semiconductor consumption, we observed trade-related adverse impacts in demand from China, which continues to persist in fiscal 2025 and beyond.”
97. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “We expect our fiscal 2026 capital expenditures to be between $8.0 million and $12.0 million.”
98. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “Nine months ended (dollar amounts in thousands) July 4, 2026 June 28, 2025 $ Change % Change Net revenue $ 772,655 $ 476,523 $ 296,132 62.1”
99. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “Three months ended (dollar amounts in thousands) July 4, 2026 June 28, 2025 $ Change % Change Net revenue $ 330,409 $ 148,413 $ 181,996 122.6”
100. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “For the nine months ended July 4, 2026, Ball Bonding Equipment net revenue increased by $294.6 million as compared to the prior year period. This increase was primarily due to an increase in sales volume of approximately $227.6 million in general semiconductor, $57.0 million in memory and $10.0 million in automotive and industrial end markets driven by customer technology transitions and improved demand conditions.”
101. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “For the nine months ended July 4, 2026, Wedge Bonding Equipment net revenue decreased by $30.6 million, as compared to the prior year period. This decrease was primarily due to a decrease in sales volume of approximately $33.9 million in the automotive and industrial end market due to lower EV capacity needs”
102. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Selling, general and administrative 23,132 8,757 (57,519) 28,289 41,339 87,531 131,529”
103. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Selling, general and administrative 167,699 165,564 2,135 1.3 % Research and development 149,616 151,214 (1,598) (1.1) % Impairment charges 39,817 44,472 (4,655) (10.5) % Gain relating to cessation of business (75,987) — (75,987) N/A”
104. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “Advanced Solutions 49,411 (155,350) 204,761 131.8”
105. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “(in thousands) 2025 2024 2023 Capital expenditures: Ball Bonding Equipment $ 417 $ 1,548 $ 1,087 Wedge Bonding Equipment 618 699 436 Advanced Solutions 125 804 30,522”
106. Kulicke and Soffa Industries, Inc., Form 10-K filed 2025-11-20: “In determining the fair value of the long-lived assets, the estimated future cash flows were projected as zero. Accordingly, as of September 28, 2024, we recorded a full impairment of the long-lived assets, resulting in an impairment charge of $38.0 million related to property, plant and equipment primarily pertaining to leasehold improvements, $3.0 million related to the ROU assets and $3.5 million related to Asset Retirement Obligation (ARO).”
107. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “The following table reflects significant customer concentrations as a percentage of net revenue for the nine months ended July 4, 2026 and June 28, 2025: Nine months ended July 4, 2026 June 28, 2025 Tianshui Huatian Technology Co., Ltd 13.8 % 10.1 % Haoseng Industrial Co., Ltd 14.8 % * Changjin Technology (Shanghai) Co., Ltd 10.4 % * * Represents less than 10% of total net revenue”
108. Kulicke and Soffa Industries, Inc., Form 10-Q filed 2026-08-06: “Approximately 56.4% and 51.3% of our net revenue for the nine months ended July 4, 2026 and June 28, 2025, respectively, were for shipments to customers headquartered in China.”

Where the revenue comes from

Lines of business in fiscal 2025: Ball Bonding Equipment 45%, Aftermarket Products and Services APS 24%, Wedge Bonding Equipment 17%, Advanced Solutions 11%, All Others 3%. By geography: China 56%, United States 10%, All other 9%, Taiwan 8%, Malaysia 7%, South Korea 4%. As tagged in its annual report (Form 10-K, filed 2025-11-20).

Who runs it

Talluri, Rajendra K (CEO); Chen, Fusen Ernie (President and CEO); Wong, Nelson Munpun (Senior Vice President); Chylak, Robert Nestor (Senior Vice President); Chong, Chan Pin (Executive Vice President); Wong, Lester A (CFO); Lim, Zi Yao (General Counsel); Dignam, Denise (director); Kong, Peter T M (director); Milzcik, Gregory F (director); and 3 more. 13 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-07.

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