Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2023 Earnings Call Transcript

Fusen Chen: You mean dispensing right? So actually, we are very, very excited. I think dispensing is a very, very huge market. I cover multiple industries, right? An AD customer of K&S, ball bonder customer, they all have a need. So it’s easy for us to actually pan out through talking to a customer. We are focused with a few customers and to demo — demonstration. The dispensing right now reached to a critical stage, need — we call micro dispensing, need to be very precise, be very accurate with the right amount and has become a bottleneck for many, many customers. And we focus on a few major ones. The feedback is very, very strong. So we are very confident. I think we will see initial success, maybe middle of ’24. And we do believe that we can grow this product to much higher revenue in the next couple of years.

Tom Diffely : And then final question. You talked a little bit about increasing headcount. Any sense on the magnitude of that?

Lester Wong: Well, I think we said we would increase headcount in critical areas, which particularly has to do with, I think, the R&D projects that we talked a little bit about, the growth initiatives that will pay off in the mid to long term. We are very careful on all costs, including headcount for all other functions given the — a little bit uncertainty. So we’re not looking to increase headcount significantly. It’s probably — overall, it’s probably neutral or down a little bit.

Operator: We have reached a question-and-answer session. I would now like to turn the floor back over to Joe Elgindy for any closing remarks.

Joseph Elgindy: Thank you, Darryl, and thank you all for joining today’s call. Over the coming months, we will be presenting at investor conferences in Arizona and New York. As always, please feel free to follow up directly with any additional questions. This concludes today’s call. Have a great day, everyone.