Cohu to Enhance Data Analytics and AI/ML Platform with Acquisition of Tignis
This strategic acquisition enables Cohu to expand its analytics offerings to the estimated
Industry 4.0 continues to drive a sea change in the semiconductor market as IDMs, foundries and equipment OEMs all look toward advanced analytics and AI/ML to unlock significant efficiency gains for manufacturing and test operations.
PAICe Monitor is an AI-driven anomaly detection and predictive maintenance platform that enables customers to quickly deploy the power of machine learning for deep analysis and prediction modeling that cannot be achieved with traditional methods. PAICe Maker is an AI-driven advanced process control solution for manufacturing that automatically adjusts for process drift over time, reducing maintenance costs and process variability. Integral to the platform, Tignis’ patent pending domain-specific scripting language, Digital Twin Query Language (DTQL), provides explanatory syntax that enables users to manage complex data cleaning and analytics tasks without requiring data science experience.
Headquartered in
“We look forward to the very talented Tignis team joining the Cohu family. This acquisition represents a significant opportunity to accelerate our growth in semiconductor manufacturing, broaden our product portfolio, and deepen our customer presence,” said Cohu President and CEO Luis Müller. “Together, our combined expertise and complementary capabilities will drive artificial intelligence process predictability, empowering semiconductor manufacturers to achieve higher yield, improved quality, and greater productivity.”
“This is a very exciting time for Tignis and our customers,” said Tignis President, CEO and Co-founder Jon Herlocker. “Cohu has a long and successful history in the semiconductor equipment market, and their vision for accelerating the adoption of AI/ML in semiconductor manufacturing and test is well-aligned with the goals Tignis has had since our founding. We are looking forward to creating epic solutions for our customers together as a team.”
The terms of the transaction, which are not material to Cohu’s financials, are not being disclosed. The acquisition will be funded with cash on hand and is expected to close in January 2025.
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.
About Tignis:
Tignis (tignis.com) is a pioneer in AI-powered process control and monitoring with a physics and engineering foundation. Headquartered in
Forward-Looking Statements:
Certain statements contained in this release and accompanying materials may be considered forward-looking statements within the meaning of the
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
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.
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Investor Contact:
Cohu, Inc.
Jeffrey D. Jones, 858-848-8106
Investor Relations
Source: Cohu, Inc.