Kulicke & Soffa Announces Equipment Orders From ASE Group
Wednesday September 3, 11:49 am ET
WILLOW GROVE, PA--(MARKET WIRE)--Sep 3, 2003 -- Kulicke & Soffa Industries, Inc. (NasdaqNM:KLIC - News) today announced that the company has received orders for more than 300 Maxum ball bonders from Advanced Semiconductor Engineering, Inc. (ASE), (TAIEX: 2311, NYSE: ASX). ASE will take immediate delivery of 60 machines, and the remainder will be scheduled for delivery as soon as K&S can schedule shipments.
K.J. Chin, President of ASE Greater China said, "We are continuing to expand our production capabilities, to offer services for high end products for our customers. The K&S Maxum wire bonder is key to our success in this market." Chin also stated, "Part of our on-going expansion plan is the purchase of K&S Maxum machines, which we selected for their fine pitch capability, stability, and the highest throughput in the marketplace. The K&S Maxum machines will be part of our showcase line for our customers demanding the highest quality PBGA packages."
Tien Wu, President of ASE Americas, Europe and Japan commented, "The driver of our group's rapid growth is the increasing demand for leading-edge packaging and testing services. Our strong business momentum is attributed to the group's core assembly technologies & services, one of which is our fine pitch wire bonding service. ASE is now the proven leader in fine pitch bonding technology with the world's largest capability with over 3,500 fine pitch wire or ball bonders at our customer's perusal. This purchase again strengthened our position among our competitors in this service segment and helps satisfy the increasing high-end demand of our customers."
Jack Belani, Vice President of Marketing at K&S, further commented on the order from ASE, "ASE's plans to upgrade the facilities have provided K&S with an excellent opportunity to expand our market share, while increasing the overall leading-edge capacity at ASE. We are very pleased to win this business and receive these orders."
About Kulicke & Soffa
Kulicke & Soffa (NasdaqNM:KLIC - News) is the world's leading supplier of wire bonding equipment in the semiconductor assembly market. K&S is the only equipment supplier that also develops and manufactures the products that touch a semiconductor chip's wire bonding pad surfaces, starting with electrical testing and ending with specially formed wire interconnections that remain as a part of the chip's package. These products include: test probes; bonding wire; and capillaries, which provide an all-inclusive interconnect process when used with the company's wire bonding equipment. Test interconnect products include fine pitch cantilever and vertical probe cards, ATE interface assemblies and ATE boards for wafer testing, as well as test sockets and contactors for all types of packages. In addition, the Company provides Flip Chip wafer bumping services and technology. Its chip scale and wafer level packaging solutions include Ultra CSP® technology. Kulicke & Soffa's web site address is www.kns.com.
About ASE Group
The ASE Group is one of the world's largest providers of semiconductor manufacturing services. As a global leader geared towards meeting the industry's ever growing needs for faster, smaller and higher performance chips, the Group develops and offers a wide portfolio of technology and solutions including IC test program design, front-end engineering test, wafer probe, wafer bump, substrate design and supply, wafer level package, flip chip, system-in-package, final test and electronic manufacturing services through Universal Scientific Industrial Co Ltd, a member of the ASE Group. The Group generated sales revenues of $2.33 billion in 2002 and employs over 24,000 people worldwide. For more information about the ASE Group, visit www.aseglobal.com.
Caution Concerning Forward Looking Statements
This press release contains forward-looking statements which are found in various places throughout the press release. While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, those listed or discussed in Kulicke & Soffa Industries' 2002 Annual Report on Form 10-K and: the risk of failure to successfully manage our operations; the risk that anticipated orders may not materialize or that orders received may be postponed or canceled, generally without charges; the risk that anticipated cost savings will not be achieved; the volatility in the demand for semiconductors and our products and services; acts of terrorism and violence; overall global economic conditions; risks, such as changes in trade regulations, currency fluctuations, political instability and war, associated with a substantial foreign customer and supplier base and substantial foreign manufacturing operations; potential instability in foreign capital markets; and other key factors that could adversely affect our businesses and financial performance contained in past and future filings and reports, including those with the SEC. Kulicke & Soffa Industries is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Contact: Michael Sheaffer
Company: Kulicke & Soffa Industries, Inc.
Voice: 216-784-6411
Email: msheaffer@kns.com
Source: Kulicke & Soffa |
