SINGAPORE – Kulicke and Soffa Industries expects revenue to be approximately $485 million for the fiscal fourth ended Oct. 2, compared to net revenue of $177.7 million in the prior year quarter.

Demand is driven by several long-term technology transitions, including 5G, electric vehicles, advanced display and the increasing need for more complex semiconductor assembly, the firm says.

Additionally, the company continues to expand features and customer engagements with its Luminex advanced display system, which is positioned to accelerate adoption of mini and micro LED technology.

"Over the past quarter, we overcame many of the global supply chain challenges we faced and extended short-term production capabilities to best support our customers' evolving capacity and technology needs,” said Fusen Chen, president and CEO, K&S. “In parallel with this production effort, we have delivered new innovative solutions for high-performance-computing and advanced display applications."

The company anticipates continued industry expansion through fiscal 2022.

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