Kulicke & Soffa Accelerates Advanced Display Adoption

Rhea-AI Summary

Kulicke and Soffa Industries (NASDAQ: KLIC) announced the shipment of its advanced mini and micro LED platform, LUMINEX, to a leading manufacturer. This innovative system enhances throughput and operational flexibility, crucial for high-volume backlighting and self-emissive display technologies. With mini and micro LED wafer production expected to grow at a 55% CAGR from 2021 to 2025, KLIC is poised to capitalize on this emerging market. The widespread adoption of LUMINEX is anticipated by the end of 2021, solidifying KLIC's leadership in the advanced display sector.

Positive

• Shipped LUMINEX, a next-generation mini and micro LED platform, enhancing throughput and operational flexibility.
• Expected 55% CAGR growth in mini and micro LED wafer production through 2025, indicating a significant market opportunity.
• LUMINEX is set to support high-volume adoption of mini and micro LED technologies in various markets.

Negative

• None.

SINGAPORE, Sept. 22, 2021 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced it has shipped its next-generation mini and micro LED platform – LUMINEX™ – to a leading LED manufacturer.

LUMINEX provides a new level of throughput and operational flexibility accelerating the adoption of high-volume backlighting and ultimately self-emissive display technologies. LUMINEX supports the sorting, mixing and pitch adjust steps, in addition to the final-placement process, expanding Kulicke & Soffa's market access to this emerging high-growth advanced-display opportunity.

According to TrendForce, a world leading market intelligence provider, mini and micro LED wafer production is expected to grow at a 55% CAGR, 2021 through 2025, creating a significant and long-term capital equipment opportunity. Currently, mini LED enabled backlighting is revolutionizing the premium LCD market and is anticipated to transition to the value-oriented, high-volume display market starting in 2023. By 2024, the Company anticipates micro LED adoption will accelerate supporting new self-emissive displays serving specialty markets such as large commercial displays and wearables initially, with the potential to move into higher-volume premium display markets such as smartphones. Due to the density of LED die, the self-emissive micro LED market is expected to create a significant and material layer of demand for K&S solutions.

Over the past two years, Kulicke & Soffa has led this advanced display transition with its market disruptive PIXALUX™ system which currently represents the largest install base of ultra-fast mini LED final-placement equipment globally. Since development for PIXALUX initiated in 2017, the Company has expanded its competencies supporting this unique opportunity, including its February 2021 acquisition of Uniqarta. LUMINEX represents a culmination of these efforts and the company's first advanced display solution developed exclusively with K&S technology. LUMINEX is positioned to support both the mini and micro LED transitions.

K&S has been heavily involved with the traditional LED market for over a decade and has a broad network of customers prepared to enable this fundamental industry transition. The Company is currently engaged with multiple industry leaders to hasten this long-term and significant technology transition and targets to formally release LUMINEX to the broad market by the end of calendar 2021.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa's expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.

Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
F: +65-6880-9580
msim@kns.com

Kulicke & Soffa 
Joseph Elgindy
Investor Relations & Strategic Initiatives
P: +1-215-784-7500
F: +1-215-784-6180
investor@kns.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kulicke--soffa-accelerates-advanced-display-adoption-301382535.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

What is LUMINEX and how does it impact Kulicke and Soffa's business?

LUMINEX is Kulicke and Soffa's next-generation mini and micro LED platform that enhances throughput and flexibility, crucial for high-volume display technologies. Its shipment indicates KLIC's commitment to leading the advanced display market.

When is LUMINEX expected to be released to the market?

Kulicke and Soffa aims to formally release LUMINEX to the broader market by the end of calendar 2021.

What growth rate is expected for the mini and micro LED market?

According to TrendForce, mini and micro LED wafer production is expected to grow at a 55% CAGR from 2021 to 2025.

How does LUMINEX support the mini LED market?

LUMINEX supports the sorting, mixing, and pitch adjustment steps in addition to the final placement process, facilitating the transition to high-volume backlighting.