SOURCE: Kulicke & Soffa

July 11, 2005 09:49 ET

Kulicke & Soffa Achieves Record Orders for Gold Bonding Wire

WILLOW GROVE, PA -- (MARKET WIRE) -- July 11, 2005 -- Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) today announced the Company has received orders for a record quantity of gold wire in a single quarter. Orders for the June quarter totaled more than 1 Billion feet of gold wire to be used for the assembly of wire bonded semiconductor packages. This represents an order quantity increase of 14% over the quarter ended March 31, 2005, while the semiconductor industry's IC unit sales are estimated to have increased 9% over the same time period, according to VLSI Research June 2005 report.

Jack Belani, senior vice president of wire bonding and corporate marketing at K&S, commented on the orders, "Our top customer list is changing as we begin to add assembly service providers to our traditional IDM customer base. This record-breaking level of orders is the result of two advances with customers: our new wire products, such as Radix wire, account for some of the increase; and the remaining rise in orders is a result of customers receiving a higher level of support from K&S for their overall wire bonding needs. Our customer support people are in the best position to recommend machine settings, gold wire, and a capillary that will deliver the highest yield and productivity for specific customers' needs. Those efforts are now being rewarded with a higher share of gold wire business at certain customer sites."

Scott Kulicke, president and CEO, added, "This order quantity is a major milestone for our gold wire product line. While independent market share data will not be available for several months, it is clear that our efforts at specific customers are providing some real order momentum. Increasing our gold wire shipment quantities means that product line will contribute more profit dollars to the packaging materials segment of the Company."

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is the world's leading supplier of semiconductor wire bonding assembly equipment. We believe K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor wire bonding equipment along with the complementing packaging materials and test interconnect products that actually contact the surface of the customer's semiconductor devices. The ability to control all of these assembly related products is unique to Kulicke & Soffa, and allows us to develop system solutions to the new technology challenges inherent in assembling and packaging next-generation semiconductor devices. Test interconnect products include a variety of wafer probe cards, ATE interface assemblies, and PC boards for wafer testing, as well as test sockets for all types of packaged semiconductor devices. Kulicke & Soffa's web site address is http://www.kns.com.

Caution Concerning Forward-Looking Statements

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, and include, but are not limited to, statements that relate to future orders, profitability, growth, market share, and customer base. While these forward-looking statements represent our judgments and future expectations concerning 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: 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 volatility in the demand for semiconductors and our products and services; the risk that we may not be able to develop and manufacture new products and product enhancements on a timely and cost-effective basis; 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 the factors listed or discussed in Kulicke and Soffa Industries, Inc. 2004 Annual report on Form 10-K and our other filings with the Securities and Exchange Commission. 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 Information

  • Company Contact:
    Michael Sheaffer
    215-784-6411
    215-784-6167 fax
    Email Contact