Kulicke & Soffa Industries acquires Liteq BV in Eindhoven
Kulicke & Soffa (K&S) further expands its advanced packaging presence through the strategic lithography acquisition of Liteq BV.
Kulicke & Soffa (K&S) further expands its advanced packaging presence through the strategic lithography acquisition of Liteq BV. This Eindhoven based company, has developed the first dedicated step-and-repeat tool serving the unique and broad-ranging requirements of Advanced Packaging lithography.
We are very pleased to welcome Liteq's employees, customers and supply chain partners into the K&S family. This highly complementary investment emphasizes our strategic and opportunistic capital deployment approach by further extending the Company's presence, strength, and value proposition within advanced packaging.Fusen Chen - President and Chief Executive Officer Kulicke & Soffa's
VLSI research, a leading technology research and advisory company, anticipates the advanced packaging lithography market to grow to $296 million in 2021, from $186 million in 2016. The acquisition provides K&S an additional long-term growth opportunity and expanding its offerings within the advanced packaging market. Over the past several years, K&S has continued to aggressively develop several other advanced packaging related tools.
Gerrit van der Beek, Liteq’s Chief Executive Officer stated, “Liteq has tremendous growth potential and collectively we are much better positioned to provide innovative solutions and services addressing the advanced packaging market. Leveraging on the extensive sales and distribution network; strong customer base and proven interconnect expertise of K&S, in addition to the committed support from our business partners, we are well positioned to address the industry’s next set of challenges.”
Centrally Located in Europe’s Brainport Eindhoven
Liteq is located in Eindhoven, the Netherlands, the heart of Europe’s Brainport Eindhoven. This innovative area offers a dense concentration of technology-centric customers, strategic suppliers and highly-skilled employees. Kulicke & Soffa’s existing Netherlands facility, housing a workforce of over 200 employees is also based in Eindhoven.
Liteq’s technologies were developed through close cooperation of several technology, financial and developmental organizations within the region including ASML Netherlands BV, Beltec Holding BV, the Brabant Development Agency (BOM), Sioux, Random Capital BV and Torrente BV.
Paul van Attekum, ASML CSVP of Corporate Strategy & Marketing said: “ASML was an early investor in Liteq and has supported the company in the development of the advanced packaging lithography tool. We believe the tool is ready for evaluation by customers. While ASML is selling its stake as part of this transaction, we will continue to provide specific development support to Liteq over the next few years within the framework of a support agreement.”
Arnoud de Geus, Sioux’s Director of New Business Development said, “Sioux is a long-term strategic supplier of K&S and has supported Liteq from inception. K&S will strengthen Liteq’s market channels and global commercial reach tremendously. Sioux remains fully committed to support Liteq during and after this transition.”
Recognizing the strong Brabant supply base and local presence of K&S, BOM is convinced that another innovative company will continue to flourish, adding to the growing eco-system of high-precision equipment companies. We are proud to have contributed to this successful venture, which highlights the incubation power of the province of Brabant.Miriam Dragstra - Capital Director of Brabant Development Agency (BOM)
Advanced Packaging: Driving a New Generation of Opportunities
As traditional front-end production improvements fail to deliver the same historic cost and performance benefits, the semiconductor industry is evolving by seeking out new packaging techniques to deliver form factor, power efficiency and performance to mobile, cloud and internet-of-things driven applications. This changing landscape has provided a new set of industry challenges and opportunities. K&S is increasingly well positioned and continues to respond to these new challenges by delivering innovative equipment solutions through close customer engagement, operational excellence, acquisitions, and a long-term commitment to research and development.
Source: press release