AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Cohu Announces 1000th MT9510 Handler Delivered for Industrial and Automotive Semiconductor Test

November 6, 2019 GMT

POWAY, Calif.--(BUSINESS WIRE)--Nov 6, 2019--

Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today announced shipment of its 1000 th MT9510 pick-and-place handler to a global semiconductor customer headquartered in the U.S. and leader in high-performance analog, mixed-signal, and digital signal processing (DSP). The milestone system is being utilized for testing automotive battery management systems (BMS) for electric (EV) and hybrid electric vehicles (HEV) and precision power regulators. The MT9510 is complementary to Cohu’s high throughput MATRiX pick-and-place handler, with approximately 600 units shipped, which are also utilized for testing automotive microcontrollers and a variety of devices used in advanced driver assistance systems (ADAS). Cohu has the largest installed base of automotive tri-temperature pick-and-place handlers in the industry.

The rapidly increasing demand for autonomy, fuel efficiency and connectivity in automobiles are expected to drive semiconductor content growth to about $700 per vehicle by 2022, making it one of the fastest-growing semiconductor market segments.

“ADAS and electrification of the powertrain require stringent quality test to ensure semiconductor reliability at cold, hot and ambient use conditions,” said Luis Müller, Cohu President and CEO. “Cohu is the leader in industrial and automotive tri-temperature testing, and our large installed base of thermal handlers provides for long-term recurring and support opportunity to our customers.”

Cohu’s MT9510 and MATRiX pick-and-place handlers provide full temperature control during test in extreme environmental conditions from -55˚C to +175˚C and a variety of options, upgrades and retrofits to configure the product to customer applications. The MT9510 and MATRiX product roadmaps will continue to address evolving requirements for Industry 4.0 and a variety of other features, offering a cost-effective solution for a growing industry.

About Cohu:

Cohu (NASDAQ: COHU) is a global leader in back-end semiconductor equipment and services, delivering leading-edge solutions for the manufacturing of semiconductors and printed circuit boards. Additional information can be found at www.Cohu.com.

Forward-Looking Statements:

Certain statements contained in this release and accompanying materials may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the value of automotive semiconductor content and growth, long-term recurring and support opportunity, the MT9510 and MATRiX product features and roadmaps, and any other statements that are predictive in nature and depend upon or refer to future events or conditions, or include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” or other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks associated with acquisitions; inventory, goodwill and other asset write-downs; our ability to convert new products into production on a timely basis and to support product development and meet customer delivery and acceptance requirements for new products; our reliance on third-party contract manufacturers and suppliers; failure to obtain customer acceptance resulting in the inability to recognize revenue and accounts receivable collection problems; revenue recognition impacts due to ASC 606; market demand and adoption of our new products; customer orders may be canceled or delayed; the concentration of our revenues from a limited number of customers; intense competition in the semiconductor equipment industry; our reliance on patents and intellectual property; compliance with U.S. export regulations (including restrictions regarding certain Chinese companies and ongoing U.S.-China trade war); impacts from the Tax Cuts and Jobs Act of 2017 and ongoing tax examinations; geopolitical issues and trade wars; ERP system implementation issues; the seasonal, volatile and unpredictable nature of capital expenditures by semiconductor manufacturers and the late 2018 and 2019 weakened demand in this market; ongoing weakness in Greater China market; and rapid technological change. These and other risks and uncertainties are discussed more fully in Cohu’s filings with the Securities and Exchange Commission, including the most recently filed Form 10-K and Form 10-Q, and the other filings made by Cohu with the SEC from time to time, which are available via the SEC’s website at www.sec.gov. Except as required by applicable law, Cohu does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191106005014/en/

CONTACT: Investor Contact:

Cohu, Inc.

Jeffrey D. Jones, 858-848-8106

Investor Relations

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS SEMICONDUCTOR HARDWARE TECHNOLOGY AUTOMOTIVE

SOURCE: Cohu, Inc.

Copyright Business Wire 2019.

PUB: 11/06/2019 09:00 AM/DISC: 11/06/2019 09:01 AM

http://www.businesswire.com/news/home/20191106005014/en