Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company") celebrates the Grand Opening of their corporate headquarters, spanning nearly 200,000 square feet. This new facility was customized according to K&S needs and developed in conjunction with Mapletree Industrial Trust. It encompasses the company’s corporate office, manufacturing, research & development, marketing, sales & services, and customer training center.
The new K&S facility employs almost 600 full-time employees and shows a growing presence in Singapore, leveraging the country’s skilled workforce, while being strategically placed for their primarily Asia customer base. Singapore is also a good fit for K&S, with its supportive government, and emerging presence as a center of excellence for science and technology development. K&S relocated their corporate headquarters to Singapore in 2010 and broke ground on the new site in May of 2012.
Mr. Bruno Guilmart, President and CEO of K&S, said, “Based on market forecasts, the rapid adoption of 3D/TSV over the next few years shows an emerging advanced packaging sector that will be our next wave of growth. We are engaging industry leaders early, to deliver best-in-class advanced packing solutions to our customers.”
“The opening of Kulicke and Soffa’s global headquarters building is a celebration of the company’s strong partnership with Singapore. It is also a testament to our precision engineering industry’s successful transformation over the years, from mass production of low value-added parts to high value-added engineering and manufacturing, including the manufacture of complex equipment,” said Mr. Chang Chin Nam, Executive Director, Economic Development Board. “By establishing its corporate headquarters and second largest R&D center in Singapore, Kulicke and Soffa will be well-positioned to capture growth opportunities in the Asian market.”K&S proudly welcomes the Guest of Honor for the Opening Ceremony, Mr. S. Iswaran, Minister, Prime Minister’s Office, Second Minister for Home Affairs and Second Minister for Trade and Industry.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts