To elect two (2) Class 2directors, for a term of three years each
Andrew M. Caggia
Luis A. Müller
Advisory vote to approve Named Executive Officer ("NEO") compensation
To ratify the appointment of Ernst & Young LLP as Cohu's independent registered public accounting firm for fiscal year 2021
May 5, 2021
Page 2
Leading-edge Solutions in Test & Inspection
~$636M ~45% ~12%
2020 RevenueRecurring in Nature(1)Non-GAAP Operating Income (2)
~19%
Large installed base with semiconductor leaders
$6.5B
2015-20 Revenue CAGR
Market Opportunity
(organic growth & acquisitions)
with ~7% CAGR (3)
Note: All figures shown for FY20, unless otherwise specified (1) "Recurring in nature" sales includes interface products, spares, kits (not as part of systems sales) and service (2) Non-GAAP figure;
see Appendix for GAAP to Non-GAAP reconciliations, and notes regarding use of forward-lookingnon-GAAP figures (3) Source: Gartner, June 2020 and Company estimates for 2021
Value-Add Test & Inspection to Semi Manufacturing
Wafer
Wafer Processing
Wafer Test
Assembly Process
Test & Inspection
Starting as a pure
Circuit patterns are then
Each chip formed on the
Die are saw cut from the wafer,
Completed packages are then
silicon ingot, wafers are
printed onto wafers and a
wafer is then tested for
assembled onto substrates
rigorously tested and inspected
manufactured as ultra-high
fine electronic circuit is
it's electrical properties
where final package
for reliability and performance
purity monocrystalline
formed by injecting ions
and basic functionality
configuration is completed
through final test equipment
silicon wafers
simulating end applications
and conditions
Semiconductor manufacturing process from wafer production to test and inspection
May 5, 2021
Page 4
Serving Broad End-Markets
Automotive
IoT / IoV & Optoelectronics
•
Autonomous driving
•
All sensor
technologies
•
Electrification
•
Low energy
•
Active safety
connectivity
•
Connectivity
•
LED
•
Infotainment
•
LiDAR
Computing & Network
Industrial & Medical
• Data center & cloud
•
Automation
•
Hyperscale
•
Machinery
•
Computing
•
Energy management
•
Network
•
General medical ICs
infrastructure
•
Remote security
•
ASIC & FPGA
•
Smart grids
•
Graphic processors
Mobility
RF 5G to mmWave
App. processors
General connectivity
FPD Drivers
Power Mgmt. ICs
Near-fieldComm.
Consumer
Digital TVs, FPD
Fitness wearables
Gaming, GPU
Set-topbox
VR & AR
Voice user interface
May 5, 2021 Page 5
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Cohu Inc. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 21:42:01 UTC.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.