Kulicke & Soffa to wind down Electronics Assembly business

On March 25, 2025, the Board of Directors of Kulicke and Soffa approved a strategic plan related to the cessation of its Electronics Assembly, EA, equipment business. The plan includes an intention to wind down the EA equipment business in an effort to prioritize core semiconductor assembly business opportunities and enhance overall through-cycle financial performance. The cessation of the EA equipment business is subject to a consultation process with the applicable works council and union representatives, which the company intends to initiate in its third fiscal quarter of 2025. As a result of this intended cessation of business, the company expects to incur total pre-tax charges, including impairments, in the range of $86M and $100M.