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Cohu Announces Quarterly Dividend May 13, 2003

POWAY, CALIF., May 13, 2003 -- Cohu, Inc. (NASDAQ/COHU) reported today that the Cohu Board of Directors, at a meeting on May 13, 2003 declared a quarterly cash dividend of five cents ($.05) per share payable August 4, 2003 to shareholders of record on June 23, 2003. The Company has paid consecutive quarterly cash dividends since 1977.

Contact: John Allen - Investor Relations (858) 848-8106 or visit www.cohu.com.