库力索法工业 2024年度报告

Vision To provide leading assembly technologies andservices enabling a smart future. Company Founded in 1951, Kulicke & Soffa specializesin developing cutting-edge semiconductorand electronics assembly solutions enablinga smart and more sustainable future. Ourever-growing range of products and servicessupports growth and facilitates technologytransitions across large-scale markets,such as advanced display, automotive,communications, compute, consumer, datastorage, energy storage and industrial. Kulicke& Soffa is headquartered in Pennsylvania andSingapore. Fellow Shareholders: These paths are securing our position to supporta broad global customer base and are providingbranches of new opportunities. Our position to createvalue through these technology transitions continuesto accelerate and we have demonstrated a prudentand consistent approach to delivering returns to ourshareholder base. Our ongoing strategy ofexpanding competenciesand market access throughorganic and inorganicdevelopment is drivingadoption of our new solutions.Technology changes in thesemiconductor, display as wellas automotive and industrialmarkets are now providingK&S with new paths forvalue creation. Over the past seven decades, K&S has experienced avariety of industry changes. Today, we are in a uniqueposition to address several new technology-drivenindustry changes in parallel. These innovations areproviding new opportunities across the semiconductor,display, automotive and industrial markets. Within the broad semiconductor space, we continueto take share at the leading-edge as adoption forchiplet, heterogeneous and multi-die packages is rising.Historically, the benefits and cadence of lithography-driven transistor shrink had delayed the need for newsemiconductor assembly solutions. Today, growingadoption ofMore than Mooresolutions is directlybenefiting our business. New assembly formatssupported by our Advanced Packaging solutions,are increasingly necessary to address this industrychallenge. Our value add is evident with innovationssuch as Fluxless Thermo-Compression (FTC) andCuFirst hybrid bonding, which have supported Thermo-Compression revenue growth of ten times over theprior four years. In addition to Thermo-Compression,emerging vertical wire techniques, such as Vertical-Fan-Out are also supporting new forms of stacked-memoryand provide a technology pathway for other high-volume applications. We are excited to support theseemerging trends in our core semiconductor marketand anticipate this shifting value will result in an above-average long-term growth rate for our broad portfolioof semiconductor assembly solutions. Within the display market, we are also committed todelivering ongoing innovations as the world begins toadopt mini-LED technology for advanced backlightingand large-format, direct-emissive displays. Despiteknown challenges in micro-LED technology, mini-LED technology is a market-ready solution capable ofenhancing performance and power efficiency. This mini-LED opportunity is being supported by LUMINEXTM, ourultra-high-speed and high-accuracy placement system,capable of individual and mass transfer of integratedcircuits and LEDs. We were pleased to successfullyrecognize revenue for a LUMINEXTMsystem in our fourthfiscal quarter 2024 and look forward to additionalsuccess in fiscal 2025. deliver capital directly through a competitive dividendyield, annual dividend raises and by cumulativelydeploying over $900 million in open and acceleratedrepurchase activity since August of 2014. Our fifthconsecutive dividend raise as well as a new $300 millionrepurchase program authorization were announced inNovember 2024. The consistency and continuity of ourdividend program provides long-term shareholders witha competitive dividend yield and income stream fortheir support. We are increasingly at the forefront of long-term, seculartechnology change. As we prepare for core Ball andWedge demand to recover during fiscal 2025, we alsolook forward to building out our foundations across newand exciting market areas. We have strengthened ourlong-term growth opportunities by focusing on researchand development, collaborating closely with customerand industry partners, and delivering new market-ready,highly capable solutions. The foundation for this strategy- a commitment to R&D, engaged relationships andmotivated global employees – has only strengthenedover recent years, creating a robust platform for growth.This is evident in our ability to expand market accessand continuously provide technology breakthroughson an industrial level. I would like to thank our globalcustomers, external partners as well as our dedicated,performance-oriented group of employees for unlockingthis next phase of corporate growth. Last, within the automotive and industrial end-market,several changes including the proliferation of ADAS,growth of electric vehicles, build-out of charginginfrastructure, and requirements for more sustainablygenerated electricity