Cohu Announces Next Generation Inspection Platform

POWAY, Calif.–(BUSINESS WIRE)–Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today announced the introduction of Neon, its next generation inspection platform optimized for small, fragile semiconductors used in mobility and consumer applications.

Neon can handle fragile wafer-level chip-scale products at high speed, maintaining high operational efficiency while inspecting small devices down to 0.4 x 0.2 mm in size. Neon features extended process integration capabilities and can be configured with infrared and visual micro-scale defect inspection modules, and is also equipped with an external loader unloader to integrate with factory robots for customers adopting Industry 4.0 initiatives.

Chris Bohrson, Senior Vice President and General Manager of Cohu’s Test Handler Group commented, “Neon is designed to provide our customers with the best price/performance ratio in the industry, targeting semiconductors used in handset and small consumer electronics applications. With three customers already recognizing the benefits of the lower Total Cost of Ownership (TCO) that Neon brings to their high volume die sort needs, we expect this platform to be a significant contributor enabling us to further grow revenue in the $500 million inspection market.”

About Cohu:

Cohu (NASDAQ: COHU) is a global leader in back-end semiconductor equipment and services, delivering leading-edge solutions for the manufacturing of semiconductors and printed circuit boards. 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 statements regarding the launch of Neon, its performance and TCO, Neon sales and growing revenue in the inspection market, and any other statements that are predictive in nature and depend upon or refer to future events or conditions, or include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” 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. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks associated with acquisitions; inventory, goodwill and other asset write-downs; our ability to convert new products into production on a timely basis and to support product development and meet customer delivery and acceptance requirements for new products; our reliance on third-party contract manufacturers and suppliers; failure to obtain customer acceptance resulting in the inability to recognize revenue and accounts receivable collection problems; revenue recognition impacts due to ASC 606; market demand and adoption of our new products; customer orders may be canceled or delayed; the concentration of our revenues from a limited number of customers; intense competition in the semiconductor equipment industry; our reliance on patents and intellectual property; compliance with U.S. export regulations (including restrictions regarding certain Chinese companies); impacts from the Tax Cuts and Jobs Act of 2017 and ongoing tax examinations; geopolitical issues and trade wars; ERP system implementation issues; the seasonal, volatile and unpredictable nature of capital expenditures by semiconductor manufacturers and the late 2018 and 2019 weakened demand in this market; ongoing weakness in Greater China market; and rapid technological change. These and other risks and uncertainties are discussed more fully in Cohu’s filings with the Securities and Exchange Commission, including the most recently filed Form 10-K and Form 10-Q, and the other filings made by Cohu with the SEC from time to time, which are available via the SEC’s website at www.sec.gov. Except as required by applicable law, Cohu does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Investor Contact:

Cohu, Inc.

Richard Yerganian, 781-467-5063

Vice President, Investor Relations

[email protected]

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