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Nov 13th, 2013
SÜSS MicroTec AG: Announcement of a strategic management decision regarding the permanent bonding product line / adjustment of the full year guidance 2013
SÜSS MicroTec AG has decided to stop production of cluster systems for permanent bonding applications.
SÜSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor and related markets, announces a strategic management decision. Due to a reevaluation of our business situation in permanent bonding and the ongoing losses in this product line, the management has decided to expand the restructuring measures, which have been taken in the second quarter this year, and to cease production of cluster systems for permanent bonding applications. The development and production of the successful manual permanent bonding systems are not affected by this strategic action. In this context one-off expenses of approximately EUR 8.3 million can be expected in the fourth quarter 2013. This one-off effect includes EUR 6.7 million for write-offs on inventories (raw materials, unfinished goods as well as demonstration tools) and EUR 1.6 million of precautionary provisions formed for single customer projects. With this move the management expects to pronouncedly reduce the losses of the Substrate Bonding Division.
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