SINGAPORE – Kulicke & Soffa Industries acquired a 100% equity stake in Uniqarta, including Uniqarta's patent portfolio and other intellectual property rights.

Prior to closing the acquisition in the company's fiscal second quarter, K&S worked with Uniqarta to commercialize its LED die transfer technology.

Laser-enabled advanced placement technology is expected to accelerate adoption of mini LED backlighting, while also serving as an enabler for direct-emissive micro LED applications.

"Our acquisition of Uniqarta strengthens and extends the overall mini and micro LED technology portfolio at K&S,” said Bob Chylak, vice president and CTO of K&S. “This investment emphasizes important strategic additions to our competencies, value proposition and participation in the rapidly evolving advanced display market."

“After collaborating with K&S on the development of a LEAP prototype, we concluded the best approach to commercialize our technology was to combine it with K&S's proven interconnect expertise, production capabilities and strong customer base,” said Ronn Kliger, CEO, Uniqarta. “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."

K&S expects to introduce and initiate qualifications of its new advanced display system by the close of its fiscal year 2021.

No financial terms were disclosed.

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