Growth StrategyReorganization of personnel towards key growth areas in thermo-compression bonding (TCB), advanced packaging, automotive and dispense provides additional future vectors of growth.
Market FocusThe project cancellation may allow KLIC to focus more on the TCB market, which carries an attractive growth opportunity as mass reflow moves to TCB due to new packaging demands from AI applications.
Sales OutlookLimited near-term impact as management reiterated the March '24 Q sales outlook of $160M-$180M, with a ~$15M revenue contribution from the project in the FY24 outlook representing a low-single digit percent of total sales.