On March 25, Kulicke And Soffa Board Approved Strategic Plan Related To Cessation Of Its Electronics Assembly Equipment Business; Expects Total Pre-tax Charges Of $86M - $100M - Filing
Benzinga · 03/31 20:58
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The plan includes an intention to wind down the EA equipment business in an effort to prioritize core semiconductor assembly business opportunities and enhance overall through-cycle financial performance.
As a result of this intended cessation of business, the Company expects to incur total pre-tax charges, including impairments, in the range of $86 million and $100 million.
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