Kulicke & Soffa Industries Inc 8-K, filed Feb 4, 2021
Kulicke & Soffa Industries Inc (KLIC)
8-K
2021-02-04
For: 2021-02-03
View Original
Added on
July 04, 2026
About this 8-K
Kulicke & Soffa Industries Inc filed this 8-K on February 4, 2021, reporting on events of February 3, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________
FORM 8-K
____________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 3, 2021
____________________________________________________
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
____________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (215 ) 784-6000
N/A
(Former Name or Former Address, if Changed Since Last Report)
____________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Item 7.01 Regulation FD Disclosure
On February 3, 2021, Kulicke and Soffa Industries, Inc. (the “Company”) issued a press release regarding the matters discussed in Item 8.01 of this Current Report on Form 8-K. A copy of this press release is furnished as Exhibit 99.1 to this report.
The information furnished in Item 7.01 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events
On February 3, 2021, the Company announced that it has acquired a 100% equity stake in Uniqarta, Inc. (“Uniqarta”), a technology company headquartered in Cambridge, Massachusetts, USA. Uniqarta has developed a laser-transfer placement system for use in display technology assembly applications, including mini and micro LED technology.
Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits. | ||||
| Exhibit No. | Description | ||||
| 99.1 | Press Release dated February 3, 2021 | ||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KULICKE AND SOFFA INDUSTRIES, INC. | |||||||||||
| Date: February 4, 2021 | By: | /s/ Lester Wong | |||||||||
| Name: | Lester Wong | ||||||||||
| Title: | Senior Vice President and Chief Financial Officer | ||||||||||
EXHIBIT INDEX
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | ||||
Exhibit 99.1
 | K&S Corporate Headquarters Kulicke & Soffa Pte Ltd 23A Serangoon North Ave 5 #01-01, Singapore 554369 | ||||
+65-6880-9600 main +65-6880-9580 fax www.kns.com Co. Regn. No. 199902120H | |||||
Kulicke & Soffa Further Extends Mini and Micro LED Technology Through Strategic Acquisition of Uniqarta
SINGAPORE – February 3, 2021 – Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”) announced today it has acquired a 100% equity stake in Uniqarta, Inc (“Uniqarta”), a technology company headquartered in Cambridge, Massachusetts, USA. This strategic acquisition includes Uniqarta’s patent portfolio and other intellectual property rights. Prior to closing the acquisition in the Company’s fiscal second quarter, Kulicke & Soffa worked extensively with Uniqarta to commercialize their unique LED die transfer technology.
Uniqarta’s Laser-Enabled Advanced Placement (LEAP™) technology disrupts the conventional pick-and-place assembly method with a high-precision, ultrafast laser-transfer placement system. This contact-less approach places large quantities of known good die at unprecedented transfer rates.
These competencies have accelerated Kulicke & Soffa’s development of high-accuracy, next-generation solutions positioned to enable broad adoption of feature-rich, cost-effective display technology. This next-generation LED transfer approach is expected to accelerate adoption of mini LED backlighting while also serving as an enabler for direct-emissive micro LED applications.
TrendForce, a market-leading intelligence provider, anticipates mini and micro LED wafer volumes to grow at a compounded annual growth rate of over 200% through 2025. Over the coming two years, consumer televisions, tablets and notebooks are anticipated to accelerate high-volume adoption of placement equipment.
“Our acquisition of Uniqarta strengthens and extends the overall mini and micro LED technology portfolio at K&S. This investment emphasizes important strategic additions to our competencies, value proposition and participation in the rapidly-evolving advanced display market,” said Bob Chylak, Vice President and Chief Technology Officer at Kulicke & Soffa.
Ronn Kliger, Uniqarta’s Chief Executive Officer stated, “After collaborating with K&S on the development of a LEAP™ prototype, we concluded that the best approach to commercialize our technology was to combine it with K&S’s proven interconnect expertise, production capabilities and strong customer base. The combined K&S-Uniqarta team is now well-positioned to address known customer production challenges and accelerate the adoption of next-generation advanced displays."
Kulicke & Soffa expects to introduce and initiate qualifications of its new advanced display system by the close of its fiscal year 2021.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.
Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa’s expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering
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technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.
Caution Concerning Forward-Looking 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. 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 effects of the COVID-19 pandemic on our business, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 3, 2020, filed on November 20, 2020, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. 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.
Contacts:
| Kulicke & Soffa | |||||
| Marilyn Sim | |||||
| Public Relations | |||||
| P: +65-6880-9309 | |||||
| F: +65-6880-9580 | |||||
| msim@kns.com | |||||
| Kulicke & Soffa | |||||
| Joseph Elgindy | |||||
| Investor Relations | |||||
| P: +1-215-784-7500 | |||||
| F: +1-215-784-6180 | |||||
| investor@kns.com | |||||
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