Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q3 2022 Results Conference Call August 4, 2022 8:00 AM ET
Company Participants
Joseph Elgindy - Senior Director, IR
Fusen Chen - President, CEO
Lester Wong - CFO
Conference Call Participants
Krish Sankar - Cowen
Craig Ellis - B. Riley Securities
Charles Shi - Needham & Company
Christian Schwab - Craig-Hallum Capital Group
David Duley - Steelhead Security
Hans Chung - D.A. Davidson
Operator
Greeting and welcome to the Kulicke and Soffa 2022 Third Fiscal Quarter Results Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It's now my pleasure to introduce your host, Joseph Elgindy, Senior Director, Investor Relations for Kulicke & Soffa. Joseph, you may begin.
Joseph Elgindy
Thank you. Welcome everyone to Kulicke & Soffa's fiscal third quarter 2022 conference call. Fusen Chen, President and Chief Executive Officer; and Lester Wong, Chief Financial Officer are both also joining on today's call. For those of you who have not received a copy of today's results, the release, as well as our supplemental earnings presentation, are both available in the Investor Relations section of our website at investor.kns.com.
In addition to historical statements, today's remarks will contain statements relating to future events and our future results. These statements are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results and financial condition may differ materially from what is indicated in those forward-looking statements. For a complete discussion of the risks associated with Kulicke & Soffa, that could affect our future results and financial condition, please refer to our recent SEC filings, specifically the 10-K for the year ended October 2, 2021, and the 8-K filed yesterday.
With that said, I would now like to turn the call over to Fusen Chen for the business overview. Please go ahead, Fusen.
Fusen Chen
Thank you, Joe. Today I would like to provide an update on the progress and status of our key growth initiatives around advanced packaging, advanced display, electronics assembly and automotive. These initiatives are progressing well and provide upside potential to our long-term financial targets.
Before discussing these growth specific opportunities, I wanted to step back and discuss the broader macro and industry environment. As we have discussed last quarter, the industry continues to be constrained by supply-chain challenges, largely around wafer capacity, which softens the near-term rate of semiconductor assembly expansion.