Kulicke & Soffa Completes Existing $100M Repurchase Program

Announces Additional $100 Million Repurchase Program

SINGAPORE–(BUSINESS WIRE)–Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”,
“K&S” or the “Company”) today announced it has
fully executed its entire $100 million repurchase program, originally
announced on August 27, 2014. Kulicke & Soffa has also announced its
Board of Directors has authorized an additional $100 million repurchase
program.

The new authorization is effective immediately, may be suspended or
discontinued at any time and is expected to be funded using the
Company’s available cash, cash equivalents and short-term investments.
Under the program, Kulicke & Soffa may purchase shares of its common
stock through open market and privately negotiated transactions at
prices deemed appropriate by management. The timing and amount of
repurchase transactions under this program will depend on market
conditions, availability of US cash as well as other corporate and
regulatory considerations. As of July 1, 2017, K&S had $565.4 million in
cash, cash equivalents and short term investments and 71.1 million
shares outstanding.

“Over the prior 3 years the repurchase program has provided the
opportunity to take advantage of market discrepancies and
opportunistically reduce our outstanding share count,” stated Fusen
Chen, Kulicke & Soffa’s President and CEO. “As we look ahead, we will
continue to take a long-term approach and execute this program with
available resources when appropriate.”

Since, August 27, 2014, the initial announcement of the Company’s
repurchase program, K&S has deployed $100 million and had repurchased
8.2 million shares in open market transactions.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor
packaging and electronic assembly solutions supporting the global
automotive, consumer, communications, computing and industrial segments.
As a pioneer in the semiconductor space, K&S has provided customers with
market leading packaging solutions for decades. In recent years, K&S has
expanded its product offerings through strategic acquisitions and
organic development, adding advanced packaging, electronics assembly,
wedge bonding and a broader range of expendable tools to its core
offerings. Combined with its extensive expertise in process technology
and focus on development, K&S is well positioned to help customers meet
the challenges of packaging and assembling the next-generation of
electronic devices (www.kns.com).

Caution Concerning Forward Looking Statements

In addition to historical statements, this press release contains
statements relating to future events. These forward-looking statements
include, but are not limited to, statements concerning the amount,
timing, availability, and strategy with respect to any future stock
repurchases; the ability to deliver increased value and return capital
to shareholders; and the strategic use of the Company’s available cash;
expectations regarding the Company’s business, financial outlook, plans
or long-term strategy and growth prospects; as well as statements
reflecting expectations, intentions, assumptions or beliefs about future
events, and other statements that do not relate strictly to historical
or current facts. These statements can be affected by inaccurate
assumptions and by known and unknown risks and uncertainties that are
difficult to predict or beyond the Company’s control, including, among
others, market conditions; fluctuations in the price and volume of the
Company’s common stock; the effects of industry, economic or political
conditions outside of the control of the Company; quarterly variations
in operating results; adverse economic and financial conditions,
including weakness in the capital markets; trends and growth
opportunities in relevant markets; our ability to successfully identify
and complete acquisitions; the cost of borrowing, availability of credit
and cash, debt covenant compliance, interest rate fluctuations and other
factors affecting financing and investing activities; and the ability to
access sufficient funding to finance desired strategies, growth and
operations. For more information regarding these risks and uncertainties
as well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of Part I of the Company’s 2016
Annual Report on Form 10-K, and subsequent reports filed from time to
time with the Securities and Exchange Commission.

Contacts

Kulicke & Soffa Industries, Inc.
Joseph Elgindy
Investor
Relations & Strategic Initiatives
P: +1-215-784-7518
F:
+1-215-784-6180
[email protected]