PDF Solutions Completes Acquisition of Cimetrix

Rhea-AI Summary

PDF Solutions, Inc. (NASDAQ: PDFS) has finalized the acquisition of Cimetrix Incorporated, enhancing its capabilities in smart manufacturing and Industry 4.0. This acquisition combines Cimetrix® connectivity products with PDF's Exensio® analytics platform, enabling semiconductor manufacturers to extract actionable intelligence from production data, potentially lowering costs and improving IC reliability. The move reflects PDF's commitment to advancing manufacturing intelligence, with operations extending across multiple countries, reinforcing its position in the semiconductor ecosystem.

Positive

• Acquisition of Cimetrix enhances PDFS's smart manufacturing capabilities.
• Combining Cimetrix connectivity with Exensio analytics could lower manufacturing costs and improve IC reliability.
• Strategic alignment with Industry 4.0 initiatives may attract more clients.

Negative

• None.

SANTA CLARA, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (NASDAQ: PDFS), today announced it has officially closed the acquisition of Cimetrix Incorporated, a leading global provider of equipment connectivity products for smart manufacturing and Industry 4.0.

The combination of Cimetrix® connectivity products and platforms with PDF Solutions Exensio® analytics platform, are intended to enable semiconductor and electronics manufacturers to extract more intelligence – not just data – from their factory floor, and as a result, build more reliable ICs and systems at lower manufacturing costs.

"We are pleased to welcome Cimetrix to the PDF Solutions team," said Dr. John Kibarian, President, CEO, and co-founder of PDF Solutions. "The combination of PDF Solutions and Cimetrix highlights our continued commitment to deliver the highest level of tool and manufacturing intelligence from the factory floor to enable our customers to realize the benefits of Industry 4.0."

About PDF Solutions

As a leader in advanced data analytics, machine learning, and equipment connectivity, PDF Solutions provides a comprehensive end-to-end platform for smart manufacturing connectivity, data collection and management, and machine-learning analytics for the semiconductor and electronics ecosystem, enabling companies to improve yield, quality, and reliability across the entire product lifecycle. Organizations of all sizes around the world rely on the Exensio® and Cimetrix® platforms to connect, collect, monitor and analyze data at any scale to drive efficient and profitable high-volume manufacturing.

Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Singapore and Taiwan. For the Company’s latest news and information, visit http://www.pdf.com

PDF Solutions, Exensio, Cimetrix and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the U.S. and other countries.

Company Contacts:
Adnan Raza
Chief Financial Officer
Tel: (408) 516-0237
Email: adnan.raza@pdf.com

Sonia Segovia
IR Coordinator
Tel: (408) 938-6491
Email: sonia.segovia@pdf.com

Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
Tel: (602) 889-9700
Email: pdfs@lythampartners.com

FAQ

What is the purpose of PDFS acquiring Cimetrix?

The acquisition aims to enhance smart manufacturing capabilities by integrating Cimetrix's connectivity products with PDFS's Exensio analytics platform.

When did PDF Solutions close the acquisition of Cimetrix?

PDF Solutions announced the acquisition closure on December 1, 2020.

How will the acquisition of Cimetrix impact PDF Solutions?

The acquisition is expected to enable PDF Solutions to provide greater manufacturing intelligence, potentially improving efficiency and reducing costs for semiconductor manufacturers.

What technologies are involved in the PDFS and Cimetrix acquisition?

The acquisition combines Cimetrix's equipment connectivity products with PDFS's Exensio analytics platform to drive more intelligent manufacturing processes.