SV Probe Acquires K&S Wafer Test Assets; Combination Propels SV Probe to Global Top 3.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- SV Probe, one of the world's leading suppliers of high-performance probe cards, today signed an agreement to purchase the assets of the wafer test business of Kulicke and Soffa Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :KLIC), the world's leading supplier of semiconductor wire bonding Wire bonding is a method of making interconnections between a microchip and other electronics as part of semiconductor device fabrication. The wire is generally made up of one of the following:
SV Probe will acquire the wafer test assets to be able to provide continuous service and supply to K&S' existing customer base for blade, cantilever, vertical, and advanced-vertical probe card products and wafer interface products. This includes certain working capital, production assets, as well as intellectual property. Kevin Kurtz, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SV Probe, said, "The combination of SV Probe and K&S wafer test products has moved SV Probe into the global top three, providing a comprehensive set of innovative and cost effective wafer test solutions. There is tremendous synergy between SV Probe and K&S which will translate into a smooth integration for our customers." Scott Kulicke, chairman and chief executive officer of K&S, discussed the decision to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. the probe card business: "We've made significant progress with this business over the last few months, including introducing new products, completing our planned product moves into China, and gaining market share. However, this progress has come at the expense of diverting focus away from our goal of being both the technology leader and the low cost supplier in our core assembly markets, and that's unacceptable." He added, "We came to the conclusion that our probe card customers would be better served by suppliers focused solely on them. In selecting SV Probe, we've found a company committed to continuing to meet the high standard of customer service that has characterized K&S' ownership of this business, and we've structured the sales agreement to insure customers a seamless transition." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. Research, K&S' probe card business was ranked third in the world in calendar 2004 with US$65 million in sales, while SV Probe was ranked eighth with an estimated US$20 million in sales. About SV Probe SV Probe PTE Ltd PTE LTD Private Limited , a worldwide probe card and test interface manufacturer, utilizes leading edge technology to achieve rigid semiconductor test requirements. As one of the fastest growing probe card manufacturers, our success is due to developing and delivering high quality, innovative products on a consistent, on-time basis. We have combined engineering, sales, customer service, manufacturer and quality assurance teams, with access to the latest in technology investments, to become an innovative leader within the industry. SV Probe is 50% owned by Singapore-based Ellipsiz Ltd. SV Probe's web site address is http://www.svprobe.com About Kulicke & Soffa Kulicke & Soffa (NASDAQ:KLIC) is the world's leading supplier of semiconductor wire bonding assembly equipment. We believe K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor assembly equipment along with the complementing packaging materials that contact the surface of the customer's semiconductor devices. The ability to provide these critical assembly related products is unique to Kulicke & Soffa, and allows us to develop system solutions to the new technology challenges inherent in assembling and packaging next-generation semiconductor devices. Kulicke & Soffa's web site address is http://www.kns.com. About Ellipsiz Ltd SGX SGX Singapore Exchange SGX Supergreenx (trance/electronic musician) mainboard-listed Ellipsiz is an outsourced services provider serving the semiconductor and EMS (electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). ) industries. Our main businesses include semiconductor manufacturing equipment distribution, probe card design and manufacture, wafer reclaim and pump refurbishment re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur services, and manufacturing test systems integration. The group has operations in Singapore, Malaysia, Taiwan, Vietnam, China and USA. Please visit us on the web at www.ellipsiz.com. |
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