SAN FRANCISCO—The chief executive of chip manufacturing equipment vendor Kulicke & Soffa Industries Inc. warned Thursday (Oct. 7) of softening industry conditions that would cause his firm to record sales for the December quarter "significantly below" what was previously anticipated.
Bruno Guilmart, who assumed the role of president and CEO of K&S Oct. 1, said through a statement that the company has "recently seen softness in forecasted demand."
K&S expects revenue for the quarter ended Oct. 2 to be at the upper end of its sales target of $250 million to $260 million, which would be an all-time record for the firm.
K&S previously said it expected revenue for the December quarter to be comparable to the September quarter. Due to the softness it now expects revenue for the December quarter to be down significantly.