Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2022 Earnings Conference Call May 5, 2022 8:00 AM ET

Company Participants

Joseph Elgindy – Senior Director-Investor Relations

Fusen Chen – President and Chief Executive Officer

Lester Wong – Chief Financial Officer

Conference Call Participants

Craig Ellis – B. Riley

Tom Diffley – D.A. Davidson

Krish Sankar – Cowen and Company

Christian Schwab – Craig-Hallum

David Duley – Steelhead

Operator

Hello and welcome to the Kulicke and Second Quarter Results Conference Call. At this time, all participants are in a listen only mode. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to turn the call over to Joseph Elgindy, Senior Director of Investor Relations for Kulicke & Soffa. Please go ahead.

Joseph Elgindy

Thank you. Welcome everyone, to Kulicke & Soffa’s fiscal second quarter 2022 conference call. Joining us on today’s call we have Fusen Chen, President and Chief Executive Officer; and Lester Wong, Chief Financial Officer.

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. We continue to make significant progress toward our long-term targets and remain well positioned to support significant and fundamental transitions occurring within the Automotive, Semiconductor and Advanced display markets. I will provide a brief update to each shortly.

In parallel, industry growth through calendar year 2022 is still anticipated to remain well-above average, creating the ongoing need for capacity expansion across our served markets. We continue to be in a multi-year industry expansion period, which is consistent with market assumptions shared at our Investor Day last September.