Cohu Announces Multi-Year Estimated $100 million Win for Test Automation and New Inspection Systems
22 Mayo 2024 - 3:05PM
Business Wire
Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and
services optimizing semiconductor manufacturing yield and
productivity, today announced that a leading European electronics
and semiconductor manufacturer selected Cohu’s test and inspection
automation systems representing an estimated $100 million revenue
opportunity over the next 5 years.
In this benchmark award, certain Cohu products were requalified
while Cohu also secured a first design-win for its Krypton next
generation semiconductor inspection platform.
Krypton is Cohu’s new inspection and metrology platform
targeting the growing quality demands for automotive and industrial
markets. Based on its unique racetrack architecture combined with
Cohu’s sophisticated NV-Core vision technology, it delivers
state-of-the-art inspection with up to 30% higher throughput and
uptime compared to existing solutions.
According to industry analysts, the automotive semiconductor
market is projected to grow approximately 10% annually to $135
billion by 2028. Cohu’s solutions enable customers to test and
inspect their next generation products meeting the increasing
quality demands for detecting defects as small as 1 µm in
high-speed production.
“We are excited to continue to evolve and expand in
semiconductor test and inspection, and this latest win reinforces
the company’s leading position and commitment to our customers,”
commented Luis Müller, Cohu President and CEO. “We are happy to
introduce Cohu’s new Krypton inspection platform, expanding our
portfolio in a key strategic growth area.”
About Cohu:
Cohu (NASDAQ: COHU) is a global technology leader supplying
test, automation, inspection and metrology products and services to
the semiconductor industry. Cohu’s differentiated and broad product
portfolio enables optimized yield and productivity, accelerating
customers’ manufacturing time-to-market. Additional information can
be found at www.Cohu.com.
Forward-Looking Statements:
Certain statements contained in this release and accompanying
materials may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, including statements regarding expectations related to
customer selections and potential purchases of our testing
solutions, systems and platforms; Cohu’s outlook for adoption of
its products; market growth rates; success or technology leadership
of Cohu’s products and related performance measures; Cohu’s
expected share of sales growth in any market segment; and any other
statements that are predictive in nature and depend upon or refer
to future events or conditions; and/or include words such as “may,”
“will,” “should,” “would,” “expect,” “anticipate,” “plan,”
“likely,” “believe,” “estimate,” “project,” “intend;” and/or other
similar expressions among others. Statements that are not
historical facts are forward-looking statements. Forward-looking
statements are based on current beliefs and assumptions that are
subject to risks and uncertainties and are not guarantees of future
performance. Any third-party industry analyst forecasts quoted are
for reference only and Cohu does not adopt or affirm any such
forecasts.
Actual results and future business conditions could differ
materially from those contained in any forward-looking statement as
a result of various factors, including, without limitation: new
product investments and product enhancements which may not be
commercially successful; the semiconductor industry is seasonal,
cyclical, volatile and unpredictable; recent erosion in mobile,
automotive and industrial market sales; our ability to manage and
deliver high quality products and services; failure of sole source
contract manufacturer or our ability to manage third-party raw
material, component and/or service providers; ongoing inflationary
pressures on material and operational costs coupled with rising
interest rates; economic recession; the semiconductor industry is
intensely competitive, subject to rapid technological changes, and
experiences consolidation of key customers for semiconductor test
equipment; a limited number of customers account for a substantial
percentage of net sales; significant exports to foreign countries
with economic and political instability and competition from a
number of Asia-based manufacturers; our relationships with
customers may deteriorate; loss of key personnel; risks of using
artificial intelligence within Cohu’s product developments and
business; reliance on foreign locations and geopolitical
instability in such locations critical to Cohu and its customers;
natural disasters, war and climate-related changes, including
related economic impacts; levels of debt; access to sufficient
capital on reasonable or favorable terms; foreign operations and
related currency fluctuations; required or desired accounting
charges and the cost or effectiveness of accounting controls;
instability of financial institutions where we maintain cash
deposits and potential loss of uninsured cash deposits; significant
goodwill and other intangibles as percentage of our total assets;
increasingly restrictive trade and export regulations impacting our
ability to sell products, specifically within China; risks
associated with acquisitions, investments and divestitures such as
integration and synergies; constraints related to corporate
governance structures; share repurchases and related impacts;
financial or operating results that are below forecast or credit
rating changes impacting our stock price or financing ability;
law/regulatory changes and including environmental or tax law
changes; significant volatility in our stock price; the risk of
cybersecurity breaches; enforcing or defending intellectual
property claims or other litigation.
These and other risks and uncertainties are discussed more fully
in Cohu’s filings with the SEC, including our most recent Form 10-K
and Form 10-Q, and the other filings made by Cohu with the SEC from
time to time, which are available via the SEC’s website at
www.sec.gov. Except as required by applicable law, Cohu does not
undertake any obligation to revise or update any forward-looking
statement, or to make any other forward-looking statements, whether
as a result of new information, future events or otherwise.
For press releases and other information of interest to
investors, please visit Cohu’s website at www.cohu.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240522144255/en/
Investor Contact: Cohu, Inc. Jeffrey D. Jones, 858-848-8106
Investor Relations
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