Cohu Acquires Equiptest Engineering

Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that it has acquired Equiptest Engineering Pte. Ltd. (“EQT”), a provider of semiconductor test contactors and other consumables with trailing twelve months revenue of approximately $20 million.

EQT becomes part of Cohu’s Interface Solutions Group, combining products and technologies to accelerate customer penetration. EQT also enhances Cohu’s complex machining capabilities and manufacturing expertise, expands engineering capacity and customer presence. This acquisition is expected to be accretive to Cohu’s fiscal 2024.

“I am pleased to welcome EQT and its employees to the Cohu family. This acquisition provides an opportunity to accelerate growth in recurring revenue, expand products, manufacturing and customer presence,” said Cohu President and CEO Luis Müller. “Moving forward, we expect to draw upon our collective expertise to better serve our semiconductor customers to grow in mid- to high-power test applications in automotive and industrial markets.”

About Cohu:

Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. 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 all references to the acquisition of EQT; expected accretion and/or impact on Cohu financial results; opportunities to accelerate growth in recurring revenue, expand products, manufacturing and customer presence; growing mid- to high-power test applications in automotive and industrial markets; and any other statements that are predictive in nature and depend upon or refer to future events or conditions; and/or include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend;” and/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. Any third-party industry analyst forecasts quoted are for reference only and Cohu does not adopt or affirm any such forecasts.