SINGAPORE, May 4, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, announced today that the Company received two purchase orders, from two separate customers, for its latest advanced display system - LUMINEX™.

Launched in November last year, LUMINEX is a disruptive laser-based mini and micro LED die-transfer solution. This highly flexible system is capable of single die transfer, multi-die transfer and mass transfer supporting sorting, mixing, re-pitching and placement process steps. The broad flexibility of this system addresses the growing advanced display value chain and supports needs of LED, OSAT, panel and display suppliers.

The Company expects mini LED backlit displays currently represent only 3% of display capacity today and will accelerate to reach 20% penetration levels by 2025. During this same period mini LED direct-emissive technologies are to grow to 18% by 2025, creating strong growth prospects for its growing portfolio of advanced display solutions.

Nelson Wong, Kulicke & Soffa's Senior Vice President of Global Sales and Supply Chain, said, "Adoption continues to accelerate, and we continue to support several active customer engagements across the advanced display value chain. We are also positioned well to enable growth in the micro LED market with an ongoing customer engagement."

According to TrendForce, a world leading market intelligence provider, 4.7 million 4" mini LED wafer equivalents will be deployed in backlighting applications in 2026. In parallel, about 4.6 million 4" mini LED wafer equivalents will be deployed in direct-emissive displays by 2026.

Over the coming years, the Company also anticipates micro LED to enable next generation premium direct-emissive displays which further accelerate long-term prospects within its advanced display portfolio.

By LEDinside