Poway, CA–() — Cohu, Inc. (NASDAQ: COHU), a world provider of apparatus and providers that optimize yield and productiveness in semiconductor manufacturing, at present introduced the acquisition of MCT Worldwide, LLC (“MCT”), a number one supplier of semiconductor take a look at handlers. ) introduced that it had acquired automated gear.

MCT will change into a part of Cohu’s Take a look at Handler Group, including strips, movie frames and laser marking to Cohu’s product portfolio, including key applied sciences to speed up growth into the rising superior package deal testing market. The acquisition is anticipated to be impartial to Cohu’s near-term monetary outcomes and is anticipated to be accretive from 2024 after realizing operational synergies.

“We’re delighted to welcome MCT and its workers to the Cohu household. Going ahead, we hope to mix our know-how and experience to develop new take a look at automation options for the superior package deal of panel testing.”

About Coffe:

Cohu (NASDAQ: COHU) is a world know-how chief offering take a look at, automation, inspection and metrology services to the semiconductor business. Cohu’s broad and differentiated product portfolio permits optimization of yield and productiveness, accelerating prospects’ time-to-market. For extra data, go to www.cohu.com.

Ahead-Wanting Statements:

Sure statements contained on this launch, together with all references to the acquisition of MCT, could also be thought of forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. Anticipated influence on Cohu’s efficiency. Broaden your market protection with movie body testing and laser marking gear. Speed up the event of recent options to the superior package deal take a look at market (together with panel take a look at). Different statements which can be forward-looking in nature and depend on or confer with future occasions or circumstances. and/or “might”, “will”, “ought to”, “would”, “anticipate”, “anticipate”, “plan”, “probably”, “consider ”, “estimate”, “anticipate,” “intend;” and/or different related expressions. Statements that aren’t historic info are forward-looking statements. Ahead-looking statements are primarily based on present beliefs and assumptions which can be topic to dangers and uncertainties and are usually not ensures of future efficiency.

Precise outcomes and future enterprise situations might differ materially from these contained in forward-looking statements on account of a wide range of elements, together with however not restricted to: integration difficulties; unexpected enterprise, product or authorized points not uncovered through the due diligence course of; political and financial instability and international antagonistic results ensuing from Russia’s army invasion of Ukraine, together with potential power shortages in Europe; Affect on the enterprise of key suppliers, prospects and different enterprise companions. We make investments in new merchandise and product enhancements that would adversely have an effect on our outcomes of operations and these investments is probably not commercially profitable. We’ve got manufacturing operations in Asia and if we’re unable to successfully handle a number of manufacturing websites and have uncooked supplies that meet our high quality, value or different necessities, or if our suppliers fail to carry out, our Gross sales, service ranges and repute could also be harmed. Failure to carry out or unplanned downtime skilled by our sole contract producer for sure semiconductor automated take a look at gear. the lack of important suppliers to produce elements in adequate portions in a well timed and cost-effective method, together with continued shortages of semiconductor gadgets utilized in our system merchandise; Continued excessive inflation and rising rates of interest. It is probably not attainable to boost costs to completely offset inflationary pressures on prices equivalent to uncooked supplies and packaging supplies, elements and subassemblies, labor and distribution prices. The semiconductor business we serve is seasonal, cyclical, variable and unpredictable. The semiconductor gear business is uncovered to intense competitors. Semiconductor gear is topic to fast technological adjustments, product introductions and transitions, which can result in stock depreciation, and our new product growth includes many dangers and uncertainties. The seasonal nature of the semiconductor gear business locations nice calls for on our workers, operations and infrastructure. A restricted variety of prospects symbolize a major proportion of our internet gross sales. The inherent uncertainty of backlogs that may trigger prospects to delay shipments or cancel orders. Most of our income is generated from exports to international nations, primarily in Asia, which is topic to financial and political instability, and we’ve got many take a look at contactors, take a look at handlers and automatic Competing with take a look at gear suppliers. We’re uncovered to the dangers of working in sure international places the place Cohu manufactures sure merchandise and helps our gross sales and repair to the worldwide semiconductor business. More and more restrictive commerce and export controls, together with new U.S. export laws associated to sure superior computing and semiconductor manufacturing objects, in addition to supercomputer and semiconductor end-uses, introduced on October 7, 2022 , might critically hurt or restrict Cohu’s enterprise and its capability to market its merchandise. The remaining debt related to the financing of the Xcerra acquisition might adversely have an effect on Cohu’s liquidity, entry to capital and enterprise flexibility. We’re topic to different dangers related to extra potential acquisitions, investments and divestitures, together with integration difficulties, disruption of our core enterprise, dilution of shareholder worth and administration diversion. Our monetary and working outcomes might fluctuate and fall wanting analysts’ expectations. Alternatively, credit standing businesses might change his Cohu ranking. Any of those might trigger the worth of our widespread inventory to say no or make different funding troublesome. Our inventory worth fluctuated considerably. Adjustments and uncertainties in US legal guidelines, laws, and authorities insurance policies are attainable. Affect within the occasion of a cybersecurity breach.

These and different dangers and uncertainties are extra totally mentioned in Cohu’s filings with the SEC, together with its most up-to-date Types 10-Okay and 10-Q, and different filings Cohu might file with the SEC once in a while. I am right here. By way of the SEC web site www.sec.govBesides as required by relevant legislation, Cohu doesn’t undertake any obligation to revise or replace any forward-looking statements or different forward-looking statements on account of new data, future occasions or in any other case. shall not be obliged to take action.

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