Cohu Secures Major European Automotive Customer
January 16 2018 - 4:05PM
Business Wire
Win Expected to Contribute to Market Share
Gains Targeted for 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 on Wednesday, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180116006435/en/
Cohu, Inc.Jeffrey D. Jones, CFO, 858-848-8106orShelton
GroupLeanne K. Sievers, President,
949-224-3874sheltonir@sheltongroup.com
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