News Release from: Kulicke and Soffa Industries
Edited by the Electronicstalk Editorial Team on 17 March 2005
Wedge bonder technology sold off
Kulicke and Soffa Industries has sold its wedge bonder technology to Orthodyne Electronics in Irvine, California.
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Kulicke and Soffa Industries has sold its wedge bonder technology to Orthodyne Electronics in Irvine, California. The sale includes both the design of wedge bonding machines and the licensing of intellectual property. Jack Belani, K and S Senior Vice President, Wire Bonding Division and Corporate Marketing noted: 'Since wedge bonders represented less than 1% of our sales last year, it makes more sense for us to focus our R and D resources on our major product lines including ball bonders and test products'.
'We will, however, continue to sell refurbished machines and support our installed base with spare parts and service'.
'Additionally, we will also sell our existing wedge bonder models for a period of approximately 2 years, during which period Orthodyne will continue to develop and enhance their product portfolio with K and S's technology'.
'We are pleased to be working with Orthodyne, whom we believe is well positioned to continue to serve the marketplace with wedge bonders'.
Gregg Kelly, president of Orthodyne notes: 'Wedge bonding equipment is our company's primary focus'.
'The new technology and designs purchased from K and S will enhance our product offerings and allow our engineers to create new, best-in-class machines that have their roots in both K and S and Orthodyne designs'.
'We look forward to extending our leading market position as we focus on wedge bonding solutions for our customers'.
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