Core Points - Dr. Fusen Chen will retire as President and CEO of Kulicke and Soffa Industries, effective December 1, 2025, due to health reasons, and will serve as an advisor for 12 months post-retirement [1][3] - Lester Wong has been appointed as Interim CEO while continuing his roles as Executive Vice President, Finance and IT, and Chief Financial Officer [2][3] - The Board of Directors has initiated a search for a permanent CEO, considering both internal and external candidates [1][3] Company Leadership Transition - Dr. Chen's leadership over nine years has been marked by innovation and operational excellence, contributing to the company's growth and shareholder value [3] - Lester Wong's experience as CFO and his instrumental role in the company's success position him well to lead during this transitional period [3][5] - The Board emphasizes a collaborative approach to ensure continuity and strategic focus during this leadership change [3] Financial Outlook - Kulicke and Soffa reaffirmed its fourth quarter fiscal 2025 outlook, with financial results to be announced on November 19, 2025 [4] Company Background - Kulicke and Soffa is a leader in semiconductor assembly technology, focusing on automotive, compute, industrial, memory, and communications markets [7] - The company has a history of innovation since its founding in 1951, positioning itself to address dynamic process challenges and create long-term value [7]