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.

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