March 11 (Reuters) - Kulicke and Soffa Industries Inc
:
* KULICKE AND SOFFA INDUSTRIES-COMMITTED TO PLAN TO CEASE OPERATIONAL ACTIVITIES & COMMENCE WIND DOWN ACTIVITIES CONCERNING VARIOUS ASPECTS OF PROJECT W
* KULICKE AND SOFFA INDUSTRIES: DUE TO WIND DOWN, SEES TO INCUR PRE-TAX CHARGES, INCLUDING IMPAIRMENTS, IN RANGE OF $110 MILLION AND $130 MILLION
* KULICKE AND SOFFA INDUSTRIES-COMPANY EXPECTS TO COMPLETE MAJORITY OF ITS WIND DOWN ACTIVITIES BY THE END OF FISCAL YEAR 2024 RELATED TO PROJECT W
* KULICKE AND SOFFA INDUSTRIES-COMPANY CONTINUES TO ANTICIPATE TOTAL REVENUE OF $170 MILLION, +/- $10 MILLION, DURING THE SECOND FISCAL QUARTER OF 2024
* KULICKE AND SOFFA INDUSTRIES-COMPANY ANTICIPATES CANCELLATION OF THE PROJECT WILL REDUCE ITS FISCAL YEAR 2024 REVENUE BY ABOUT $15 MILLION
* KULICKE AND SOFFA INDUSTRIES: PLANS TO RECOGNIZE NON-CASH INVENTORY WRITE-DOWN &IMPAIRMENT CHARGES IN Q2 OF 2024
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