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Kulicke & Soffa sells flip-chip business

Posted: 12 Feb 2004 ?? ?Print Version ?Bookmark and Share

Keywords:kulicke & soffa? flip-chip? flipchip?

Kulicke & Soffa Ind. Inc. has sold all the assets associated with its advanced packaging technology segment, which consists solely of the flip-chip business, to FlipChip Int. LLC for about $3.4 million. The sale included fixed assets, inventories, and intellectual property of the K&S flip-chip business located in Phoenix, Arizona.

Maurice Carson, VP and chief financial officer of K&S, stated, "The flip-chip bumping services performed by this business unit are no longer a strategic fit with the company's mission and goals. However, we did take care to find a buyer that would continue operating this business with most of the existing employees in order to provide a smooth transition for our current customers."





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