Win Expected to Contribute to Market Share Gains Targeted for 2018
POWAY, Calif.--(BUSINESS WIRE)--Jan. 16, 2018--
Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor
equipment, today announced the Company has secured a major European
automotive customer for its MATRiX tri-temperature pick-and-place
handler combined with its multi-beam test contactors.
Luis A. Müller, Cohu President and Chief Executive Officer, stated,
“This important win for Cohu is the culmination of a multi-year campaign
to capture another leader in the automotive semiconductor market. We
expect this win to be a key contributor toward achieving our goal of 2-3
points of handler share gains in 2018 as well as increased test
contactor revenue. The customer selected Cohu based on our market
leadership for automotive device test, combined with the MATRiX
temperature capabilities and our new contactor solutions that delivered
superior performance over the incumbent supplier, ultimately resulting
in a long-term business opportunity for Cohu.”
Cohu’s MATRiX handler has a highly-flexible test site configuration
that’s well suited for a wide range of test applications, including
analog ICs with short test times and high throughput, automotive devices
requiring accurate thermal control, small pitch wireless-communication
products, high parallel microcontroller testing, MEMS device testing,
and many other device market segments with their unique requirements.
Cohu’s management will be presenting at the Needham Growth Conference onWednesday, January 17th at 11:20 a.m. ET. The live audio
webcast and replay will be available on the Investor Information page of
the Company’s website at www.cohu.com.
About Cohu:
Cohu is a leading supplier of semiconductor test and inspection
handlers, micro-electro mechanical system (MEMS) test modules, test
contactors and thermal sub-systems used by global semiconductor
manufacturers and test subcontractors.
Forward-Looking Statements:
Certain matters discussed in this release, including statements
concerning an automotive customer win; Cohu products market share gain
targets; increased Contactor sales; and a long-term business opportunity
are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected or forecasted. Such risks and uncertainties include, but
are not limited to, our ability to convert new products under
development into production on a timely basis and to meet customer
delivery and acceptance requirements for new products; failure to obtain
customer acceptance resulting in the inability to recognize revenue and
accounts receivable collection problems; revenue recognition impacts due
to ASC 606; market adoption of new products; intense competition in the
test handler industry; our reliance on patents and intellectual
property; failure of critical suppliers; customer concentration;
compliance with U.S. export regulations; impacts from Tax Cuts and Jobs
Act of 2017; our ability to successfully integrate acquired businesses
and operations; ERP system implementation issues; the seasonal, volatile
and unpredictable nature of capital expenditures by semiconductor
manufacturers; and rapid technological change. These and other risks and
uncertainties are discussed more fully in Cohu's filings with the
Securities and Exchange Commission, including the most recently filed
Form 10-K and Form 10-Q. These forward-looking statements are not
assurances of future performance and speak only as of the date hereof,
based on information currently available to us. Cohu assumes no
obligation to update the information in this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006435/en/
Source: Cohu, Inc.
Cohu, Inc.
Jeffrey D. Jones, CFO, 858-848-8106
or
Shelton
Group
Leanne K. Sievers, President, 949-224-3874
sheltonir@sheltongroup.com