Kulicke & Soffa Announces Multiple Advanced Packaging Orders Supporting Long-Term AI Opportunities
Portfolio Pulse from Benzinga Newsdesk
Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) has received multiple orders for its Thermocompression Bonding solutions, primarily for Silicon Photonics based Co-Packaged Optics applications. The company expects follow-on orders to support capacity expansion in fiscal years 2024 and 2025, with CPO units projected to grow at a 66% CAGR through 2033. K&S's advanced packaging solutions are critical for AI growth markets, including high-performance computing and heterogeneous integration. The company has seen a 149% CAGR in thermocompression revenue since 2020 and is running production and evaluations for new process steps with major semiconductor providers.
November 15, 2023 | 9:28 pm
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Kulicke & Soffa's announcement of multiple advanced packaging orders indicates strong demand for its Thermocompression Bonding solutions, which is likely to drive revenue growth and solidify its position in AI-related markets.
The announcement of multiple orders for K&S's advanced packaging solutions, particularly in the growing AI and high-performance computing sectors, suggests a positive outlook for the company's revenue and market share. The expected follow-on orders and the significant CAGR in thermocompression revenue since 2020 further support the potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100