K&S's Component Placement Business Inches Up in June Quarter
Published: 08 August 2016
by Mike Buetow
SINGAPORE -- Kulicke and Soffa's advanced packaging business unit saw net revenue increase 0.7% sequentially.
The unit includes the former Assembleon business, which K&S acquired in January 2015.
Overall net income was $31.8 million on revenue of $216.4 million for the period ended July 2.
Jonathan Chou, Kulicke & Soffa's interim CEO and chief financial officer said, “The strong June quarter's results marked the second steep sequential increase in our business driven by meaningful ramps within our ball and wedge bonding businesses and continued strength within our advanced packaging offerings."
The company currently expects net revenue in the October quarter of approximately $135 million to $145 million.
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