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SINGAPORE - Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC), a global provider of semiconductor and electronics assembly solutions, has introduced the Asterion-PW, an ultrasonic pin welding system for power device applications. This new technology is designed to enhance the efficiency, precision, and reliability of pin interconnects which are essential in the power module market.
The power module sector, vital for renewable energy, automotive, and railroad industries, is expected to grow at a compound annual growth rate of 12% through 2029. With a strong balance sheet showing more cash than debt and a current ratio of 5.99, Kulicke & Soffa appears well-positioned to capitalize on this growth opportunity. InvestingPro analysis reveals 13 additional key insights about the company’s financial strength and growth potential. The Asterion-PW system incorporates ultrasonic welding technology, which is becoming a preferred method over traditional soldering due to its accuracy and productivity benefits. The technology also offers environmental advantages by eliminating the need for flux and solder paste.
Featuring a high-resolution linear motor positioning system and a patent-pending Sonotrode design, the Asterion-PW claims to achieve unmatched speed and precision in pin placement. The system includes an integrated high-speed bulk pin feeder and an optional material handling system with an advanced cleaning station that removes contaminants before encapsulation, aiming to improve product quality.
According to Chan Pin Chong, Kulicke & Soffa’s Executive Vice President and General Manager of Products and Solutions, the Asterion-PW represents a significant innovation in the manufacturing of power module applications, offering a combination of performance and cost-efficiency.
In addition to the Asterion-PW, Kulicke & Soffa has announced the ATPremier MEM PLUS™, a wafer level packaging solution utilizing Vertical Wire technology for advanced memory applications. Both the Asterion-PW and ATPremier MEM PLUS™ will be showcased at the SEMICON China Trade Show in Shanghai from March 26 through March 28, 2025.
Kulicke & Soffa, founded in 1951, focuses on developing technologies for a more intelligent and sustainable future, with a broad range of products and services across various large-scale markets.
The information in this article is based on a press release statement from Kulicke & Soffa Industries, Inc.
In other recent news, Kulicke & Soffa Industries has announced a quarterly dividend of $0.205 per share, which will be distributed on April 8, 2025, to shareholders recorded by March 20, 2025. This dividend declaration reflects the company’s commitment to providing returns to investors and indicates confidence in its financial health. Additionally, during its 2025 Annual Meeting of Shareholders, Kulicke & Soffa elected Ms. Denise Dignam as a new board member, with her term set to last until the 2029 Annual Meeting. Shareholders also approved an amendment to the company’s 2021 Omnibus Incentive Plan. Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending October 4, 2025, was ratified. The executive compensation package was approved on a non-binding basis. These developments, as reported in a recent SEC filing, highlight key decisions and strategic directions for Kulicke & Soffa.
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