SOURCE: Kulicke & Soffa

June 13, 2006 16:20 ET

Kulicke & Soffa Renews Gold Supply Agreement

FORT WASHINGTON, PA -- (MARKET WIRE) -- June 13, 2006 -- Kulicke & Soffa Industries, Inc. (the "Company") (NASDAQ: KLIC) today announced that it renewed its gold supply agreement with AGR Matthey ABN, which is the sole supplier of the gold used in the Company's gold bonding wire business. In conjunction with the new agreement, K&S replaced its prior letter of credit facility with a new $20 million letter of credit facility at Citibank N.A., Singapore Branch to secure its obligations under the gold supply agreement.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is the world's leading supplier of semiconductor wire bonding assembly equipment. K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor assembly equipment along with the complementing packaging materials that contact the surface of the customer's semiconductor devices. The ability to provide 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. Kulicke & Soffa's web site address is http://www.kns.com.

Contact Information

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