SINGAPORE -- Kulicke & Soffa will wind down its electronics assembly equipment business and take charges of up to $100 million as part of a revamp of its strategic plan, the company's board announced in a stock filing.

The company expects to complete the majority of the wind down activities related to the EA equipment business in the first half of fiscal 2026.

 The OEM expects pretax charges, including impairments, in the range of $86 million and $100 million related to the wind down of the EA 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," K&S said.

K&S said the move will reduce revenue by $25 million to $29 million, gross profit by $7 million to $11 million, and operating expenses by $24 million to $28 million.

In 2015, K&S acquired the unit, then known as Assembléon, from Philips for $98 million in cash. Assembléon, a maker of placement equipment and bonders for electronics and back-end semiconductor equipment, had revenue at the time of approximately $90 million.

• Prev
• Next