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Kulicke and Soffa reported financial results for the second quarter of 2024, with a net revenue of $172.1 million and a net loss of $102.7 million. The company experienced a decrease in gross margin and operating margin compared to the previous year. Despite challenges in the Advanced Display market, the company remains focused on operational efficiency. Kulicke & Soffa aims to achieve new milestones in customer and market adoption over the coming quarters.
Kulicke & Soffa announced a significant order for 1,000 RAPID™ Pro systems for a key customer in the Assembly and Test market, supporting the semiconductor industry's digital transformation. The order includes the latest ProSuite technology, enhancing production capabilities for wire bonded packages. The company's Ball Bonding segment revenue has surged by over 50% in the second fiscal quarter of 2024.