Kulicke & Soffa Appoints Fusen Chen as President and CEO
Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S"
or the "Company"), announced today that it has named Fusen Chen as
President and Chief Executive Officer ("CEO") effective October 31,
2016. He was also elected to the Board of Directors of K&S, effective
October 3, 2016. Jonathan Chou, Chief Financial Officer ("CFO") and
interim CEO, will continue to serve as the CFO of the Company.
"Fusen is the ideal person to lead K&S at this exciting and critical
time for the Company," said Garrett E. Pierce, Chairman of the Board of
Directors. "The semiconductor equipment industry is experiencing rapid
change. The need for form-factor reductions, performance improvements
and energy efficiency result in greater semiconductor complexity
requiring comprehensive Advanced Packaging solutions. While K&S
continues to be the market leader in wire bonding, by leveraging its
strong technological platform and strategically investing in R&D, the
Company is now well positioned to take advantage of these new Advanced
Packaging growth opportunities. With his deep familiarity of the
semiconductor equipment industry, strong understanding of the enabling
technologies, proven track record in developing new products and driving
revenue and profitability growth, Fusen has the experience, intellect
and determination essential to further drive K&S growth and expansion. I
would also like to thank Jonathan for his strong stewardship of the
Company over the last year."
"I'm incredibly excited and honored to join K&S," said Fusen Chen. "K&S
has a proud history as a market and technology leader in the
semiconductor equipment industry. I look forward to working with the
highly talented employees of the Company as we focus on executing new
business growth and accelerating innovation of both new and core
products to continue delivering maximum value to our customers,
partners, employees and shareholders."
Fusen joins K&S from Mattson Technology, Inc. where he was the President
and CEO. Under his leadership the company turned around years of losses
to generate significant revenue growth and achieved sustained
Fusen previously served as an executive vice president at Novellus
Systems, with the responsibility for all semiconductor business units.
Prior to this position, he was the chief technology officer ("CTO") at
Novellus, with the responsibility for defining the company's technology
strategy and direction. As the CTO, Fusen was Novellus's primary
executive interface with customers in Asia.
Prior to Novellus, Fusen spent 10 years at Applied Materials, most
recently as the group vice president and general manager for the
company's copper physical vapor deposition and interconnect product
business group. Before joining Applied Materials, he worked at LSI Logic
and SGS-Thomson Microelectronics.
Fusen earned his Ph.D. degree in materials science and engineering from
the State University of New York and a B.S. degree in material science
and engineering from the Tsing Hua University (Hsinchu, Taiwan).
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor
packaging and electronic assembly solutions supporting the global
automotive, consumer, communications, computing and industrial segments.
As a pioneer in the semiconductor space, K&S has provided customers with
market leading packaging solutions for decades. In recent years, K&S has
expanded its product offerings through strategic acquisitions and
organic development, adding advanced packaging, electronics assembly,
wedge bonding and a broader range of expendable tools to its core
offerings. Combined with its extensive expertise in process technology
and focus on development, K&S is well positioned to help customers meet
the challenges of packaging and assembling the next-generation of
electronic devices. (www.kns.com)
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