PDF Solutions to Acquire secureWISE to Expand the Reach of its Semiconductor Manufacturing Data Platform

Core Viewpoint - PDF Solutions, Inc. has announced the acquisition of secureWISE, LLC, a leading secure remote connectivity solution in the semiconductor manufacturing equipment industry, for $130 million, which is expected to enhance its data analytics capabilities and collaboration within the semiconductor ecosystem [1][7][9]. Company Overview - PDF Solutions provides comprehensive data solutions aimed at improving yield, quality, and operational efficiency in the semiconductor and electronics industry [13]. - The company has a global presence with operations in North America, Europe, and Asia, and serves Fortune 500 companies [14][15]. Acquisition Details - The acquisition of secureWISE is valued at$130 million, funded through cash on hand and $70 million in new bank debt, and is expected to close in the first quarter of 2025 [7][9]. - secureWISE is widely used in the semiconductor industry, with applications built on its network to deliver equipment analytics [2][5]. Industry Context - The semiconductor industry is increasingly distributed, necessitating secure collaboration and integration among various stakeholders [4]. - secureWISE is installed in over 90% of the world's 300mm semiconductor fabs, highlighting its significance in the industry [17]. Expected Benefits - The acquisition is anticipated to accelerate the ability of equipment manufacturers to derive value from equipment data by integrating with PDF Solutions' Exensio analytics software [5][6]. - It will enhance the capabilities of PDF Solutions' secure DEX OSAT network, facilitating collaboration among equipment makers, fab operators, and fabless companies [6]. Financial Outlook - Assuming the acquisition closes as planned, PDF Solutions expects a revenue growth rate of 21% to 23% year-over-year for 2025, with a target operating margin of 20% [9].