Kulicke & Soffa Appoints Fusen Chen as President and CEO

Kulicke & Soffa Industries announced today that it has named Fusen Chen as President and Chief Executive Officer (“CEO”) effective October 31, 2016. He was also elected to the Board of Directors of K&S, effective October 3, 2016. Jonathan Chou, Chief Financial Officer (“CFO”) and interim CEO, will continue to serve as the CFO of the Company.

“Fusen is the ideal person to lead K&S at this exciting and critical time for the Company,” said Garrett E. Pierce, Chairman of the Board of Directors. “The semiconductor equipment industry is experiencing rapid change. The need for form-factor reductions, performance improvements and energy efficiency result in greater semiconductor complexity requiring comprehensive Advanced Packaging solutions. While K&S continues to be the market leader in wire bonding, by leveraging its strong technological platform and strategically investing in R&D, the Company is now well positioned to take advantage of these new Advanced Packaging growth opportunities.