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Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California. The company provides innovative solutions that enable its customers—who are also leaders in automotive, computing, mobility, IoT, communications, high-speed memory, industrial, and solid-state lighting sectors—to overcome some of the toughest challenges in semiconductor testing.
Cohu Inc. offers an extensive range of technologies that can be integrated into various handler platforms to optimize semiconductor test processes. Its product portfolio comprises:
- Digital Test Handlers: Pick-and-place semiconductor test handlers, burn-in equipment, and thermal sub-systems, commonly referred to as Delta Design products.
- Analog Test Handlers: Gravity feed, test-in-strip handlers, MEMS test units, and turret-based test handling and back-end finishing equipment for ICs, LEDs, and discrete components, commonly known as Rasco products.
- Interface Products: Including test contactors, probe heads, and probe pins.
- Automated Test Equipment (ATE): Advanced systems for semiconductor testing.
- Spare Parts and Kits: Essential components for maintaining and upgrading testing equipment.
Furthermore, Cohu Inc. serves semiconductor manufacturers and test subcontractors with micro-electro-mechanical system (MEMS) test modules, test contactors, thermal sub-systems, and bare board PCB test systems. The company operates primarily within one reportable segment: Semiconductor Test and Inspection Equipment.
In recent times, Cohu Inc. has been involved in several groundbreaking projects and partnerships, enhancing its financial condition and expanding its market footprint. The company continues to focus on innovation and excellence, ensuring its products meet the evolving demands of the semiconductor industry.
Latest News: Stay updated with the most recent developments and performances of Cohu Inc. to get insights into their latest projects, financial updates, and market trends.
Cohu (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment and services, has announced the completion of its acquisition of Tignis, a company specializing in AI process control and analytics-based monitoring software. The acquisition was funded using cash on hand, and the financial terms were not disclosed as they are not considered material to Cohu's financials.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its upcoming virtual participation in the 27th Annual Needham Growth Conference on January 9, 2025. The company will engage in one-on-one meetings during the conference.
Portfolio managers and analysts interested in meeting with Cohu's management team are advised to arrange appointments through their banking representatives. The company will simultaneously make presentation materials available in the Investor Relations section of their website at www.cohu.com.
Cohu (NASDAQ: COHU) has announced a definitive agreement to acquire Tignis, a provider of AI process control and analytics-based monitoring software. The acquisition targets the $2.6 billion semiconductor process control market through Tignis' PAICe Monitor and PAICe Maker solutions. These products combine physical insights with AI and machine learning for semiconductor manufacturing automation.
Tignis' solutions include an AI-driven anomaly detection platform and process control solution, featuring their patent-pending Digital Twin Query Language (DTQL). The acquisition will enhance Cohu's DI-Core software and expand its analytics capabilities. The transaction, funded with cash on hand, is expected to close in January 2025.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its participation in the 13th Annual NYC Summit Investor Conference. The event will take place at Mastro's New York on Tuesday, December 17, 2024.
The company will make its presentation materials available to investors through the investor relations section of their website at www.cohu.com. This conference participation demonstrates Cohu's ongoing engagement with the investment community and commitment to shareholder communication.
Cohu announced its Neon platform has been selected by a leading U.S. memory manufacturer for inspection metrology of high bandwidth memory (HBM) devices used in high-performance computing and AI applications. The platform features a vision system for 6-sided optical inspection, micro-pillar measurement, and AI-powered inspection software. The HBM market, valued at approximately $23 billion this year, is expected to grow at a 22% CAGR through 2029, presenting a potential revenue opportunity exceeding $100M for inspection metrology systems.
Cohu has entered the Silicon Carbide (SiC) burn-in test market with its Neon system, selected by a leading European customer. The system offers high-speed handling and inspection of high-power SiC dies, featuring a proprietary carrier that enables testing up to 150 devices simultaneously. Key capabilities include high-power testing up to 2,500V, heat dissipation up to 3,000W, and 6-sided optical inspection with AI-powered defect detection. The SiC power market, valued at $2.2 billion with 25% CAGR through 2029, represents a $50 million opportunity for Cohu in this equipment segment.
Cohu Inc reported Q3 2024 financial results with net sales of $95.3 million, showing a decline from $150.8 million in Q3 2023. The company posted a GAAP loss of $18.1 million ($0.39 per share) and non-GAAP loss of $3.8 million ($0.08 per share). Gross margin reached 46.8%, with non-GAAP gross margin at 47.1%. Total cash and investments stood at $269.2 million. The company repurchased 315,000 shares for $8.1 million. Recurring revenue comprised approximately 67% of total revenue, with an 8% sequential growth in recurring orders. Cohu expects Q4 2024 sales to be $95 million ±$7 million.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its participation in the Stifel 2024 Midwest 1x1 Conference. The event will take place on Thursday, November 7, 2024 at the Waldorf Astoria in Chicago, IL. The company will make presentation materials available on their investor relations website section at www.cohu.com. Portfolio managers and analysts interested in meetings should contact their banking representatives to schedule appointments.
Cohu, Inc. (NASDAQ: COHU) has announced a significant order for its Diamondx platform from a leading multinational Automotive, Industrial, and Computing customer. The order includes an integrated test cell solution featuring the new VI100 instrument and major mixed signal platform enhancements, paired with Cohu's NY32 handler and cCompact interface.
The VI100 is a four-quadrant voltage and current instrument designed to address the increasing complexity of analog and power management ICs. The enhanced Diamondx platform now offers up to 80% reduced test time compared to legacy systems, at less than half the cost-of-test of competitive liquid-cooled systems. This advancement positions Cohu to target an estimated $860 million addressable market in automotive, industrial, and computing applications.
Cohu, Inc. (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment and services, has announced its participation in several upcoming investor conferences. These include:
- 5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference (Virtual, August 21, 2024)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference (Chicago, IL, August 27, 2024)
- Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference (Chicago, IL, August 28, 2024)
- Citi's 2024 Global TMT Conference (New York City, NY, September 6, 2024)
Presentation materials will be available on Cohu's Investor Relations website. Interested portfolio managers and analysts should contact their banking representatives to schedule meetings at these conferences.
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