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Kulicke & Soffa designs, manufactures, and sells capital equipment and tools for assembling semiconductor devices. Its products include ball bonders that use ultrasonic energy to attach fine wires to a die, thermo-compression bonding systems for high-density interconnects, and SMT/die-attach equipment for electronic assembly. The company differentiates itself with a long history since 1951, a broad portfolio, a strong Asia-Pacific footprint, and a steady after-market parts and service business. Its goal is to enable mass production of semiconductors by delivering reliable, high-precision packaging and assembly solutions that help customers scale manufacturing and maintain uptime.
Industries
Hardware
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
1951
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Kulicke and Soffa names Dr. Raj Talluri as new CEO, signaling a new leadership chapter for semiconductor interconnect innovation. A New Executive Direction for Advanced Semiconductor Packaging; Kulicke and Soffa Industries, Inc. (K&S) is preparing for a new phase of leadership with the appointment of Dr. Raj Talluri as President and Chief Executive Officer, effective in upcoming months. Talluri was also elected to the company's Board of Directors on August 17, marking a significant leadership transition for the semiconductor equipment and advanced interconnect solutions provider. The appointment comes as semiconductor manufacturing continues to evolve toward increasingly sophisticated packaging architectures, higher interconnect density and more demanding performance requirements. Against this backdrop, K&S is positioning experienced semiconductor leadership at the center of its next stage of growth. Dr. Talluri brings extensive experience spanning semiconductor technology, mobile platforms, advanced manufacturing and business leadership. Before joining K&S, he served as President and CEO and as a member of the Board of Directors at Enovix Corporation, an advanced battery technology company. His semiconductor industry background includes a leadership role at Micron Technology, where he served as Senior Vice President and General Manager of the Mobile Business Unit in previous years. Earlier in his career, Talluri held senior executive positions at Qualcomm CDMA Technologies and engineering and business leadership roles at Texas Instruments. This combination of semiconductor, technology and executive experience gives the incoming CEO a broad perspective across chip technologies and the wider electronics ecosystem. Leadership Transition Designed for Continuity Talluri will succeed Lester A. Wong, who has been serving as interim CEO while continuing in his position as Executive Vice President and Chief Financial Officer. Wong will remain K&S's Executive Vice President and CFO, providing continuity as Talluri takes over the company's executive leadership. K&S Chairman Peter T. Kong highlighted Wong's role in maintaining momentum during the transition and expressed confidence in Talluri's ability to lead the company into its next growth phase. The structured transition allows K&S to combine new executive leadership with established financial and organizational continuity. For the semiconductor industry, the leadership change comes at a time when advanced packaging and interconnect technologies are becoming increasingly important to overall chip performance and system integration. K&S has built a portfolio focused on interconnect solutions and semiconductor assembly technologies, areas that are becoming increasingly critical as device architectures become more complex. The company's capabilities are positioned across a semiconductor ecosystem where packaging precision, manufacturing efficiency and advanced interconnection are playing a growing role in enabling next-generation electronic products. The next phase of K&S leadership will be closely watched for its impact on advanced packaging, interconnect innovation, semiconductor equipment development and global growth strategy. As chip architectures continue moving toward greater integration and performance density, the ability to deliver reliable and increasingly sophisticated interconnect solutions is expected to remain a key industry priority.
Kulicke and Soffa Industries, a global leader in semiconductor assembly technology, has appointed Dr Raj Talluri as president and chief executive officer, effective 1 September 2026. He was also elected to the board of directors on 17 August 2026. Talluri joins from Enovix Corporation, where he served as president, CEO and board member. He previously held senior positions at Micron Technology, Qualcomm CDMA Technologies and Texas Instruments. He holds a PhD in Electrical Engineering from the University of Texas at Austin. Lester Wong, who served as interim CEO, will continue as executive vice president and chief financial officer. Chairman Peter Kong praised Wong's leadership during the transition and expressed confidence in Talluri's ability to guide the company's next growth phase.
Kulicke & Soffa shares fell 3.9% in morning trading after the US government announced new tariffs of 10% to 12.5% on 60 trading partners, including the European Union, Japan, South Korea, and Taiwan. These regions form the backbone of the global semiconductor supply chain, providing specialty chemicals, raw silicon wafers, and fabrication equipment. The tariffs threaten to impact finished chips imported back to the US through overseas assembly and test facilities, potentially facing double-digit taxes. Because these Section 301 tariffs are considered legally durable and potentially permanent, investors are pricing in long-term margin compression across the US hardware and semiconductor sector. The announcement triggered a broad sell-off across the entire semiconductor industry, extending a global rout that began with Asian chip manufacturers Samsung and SK Hynix.
Kulicke and Soffa Industries was removed from several Russell value and small-cap indices on 27 June 2026, including the Russell 2000 Value and Russell 3000 Value benchmarks. However, the company's strong fiscal Q2 2026 results and upgraded Q3 guidance have shifted investor attention away from the index deletions. The company guided Q3 fiscal 2026 revenue to approximately $310 million with GAAP diluted EPS of around $0.87, driven by demand for advanced packaging tools in AI and high-performance computing. Kulicke and Soffa's narrative projects $1.6 billion revenue and $286.2 million earnings by 2029, requiring 28.3% annual revenue growth. Analyst views vary widely, with some forecasting only $953 million revenue and $173 million earnings by 2029, reflecting differing opinions on sustained demand for advanced packaging solutions.
A director at Kulicke and Soffa, Mui Sung Yeo, has sold 20,000 shares of common stock valued at approximately $2 million, according to an SEC Form 4 filing. The transaction, priced at $100 per share, represents 25.2% of Yeo's direct position. Following the sale, Yeo retains 59,197 shares in direct ownership, representing roughly 0.11% of outstanding shares. This marks the second significant open-market sale in the past year, following a 19,143-share disposal in February 2026. Kulicke and Soffa, a semiconductor equipment manufacturer with a market capitalisation of $5.46 billion, has seen its stock price surge 225.33% over the past year. The company designs capital equipment and tools for semiconductor device assembly, serving manufacturers primarily in the United States and Asia-Pacific regions.
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Industries
Hardware
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
1951
Find jobs on Simplify and start your career today