COHU INC

Cohu, Inc. (Nasdaq: COHU) is a global supplier of semiconductor test and inspection equipment, headquartered with operations spanning 25 countries. The company's website is www.cohu.com. Founded in 1947, Cohu has evolved into a leading provider of equipment and services that optimize semiconductor manufacturing yield and productivity across the global semiconductor ecosystem.

The company operates as a single reportable segment, Semiconductor Test and Inspection Equipment. Cohu's product portfolio spans multiple integrated lines including test automation systems with active thermal management technology, inspection and metrology equipment featuring advanced optical and infrared capabilities, semiconductor automated test equipment for wafer-level and device package testing, interface solutions including test contactors and probe cards, and AI-driven software analytics platforms. Recurring revenues, comprising interface products, spares, software, and services, represent 60 percent of total sales, while semiconductor test and inspection systems account for 40 percent.

Cohu maintains an active installed base exceeding 25,000 systems serving over 280 high-volume manufacturing facilities across 108 customers in 31 countries. The company employs approximately 2,857 people, with roughly 75 percent based in Asia-Pacific, 15 percent in the Americas, and 10 percent in Europe. Manufacturing operations are strategically distributed across Malaysia, the United States, Germany, the Philippines, Singapore, and Japan, with the largest facility in Melaka, Malaysia supporting high-volume production. Cohu also partners with Jabil for dedicated semiconductor ATE manufacturing in Penang, Malaysia.

The company serves integrated device manufacturers, outsourced semiconductor assembly and test providers, and fabless semiconductor companies across computing, networking, automotive, industrial, mobile, and consumer electronics markets. Cohu differentiates through its broad integrated product portfolio, substantial research and development investments totaling $92.2 million in fiscal 2025, proprietary technologies in thermal control and machine learning-based process control, and a resilient recurring revenue model supported by a global field service organization. The company's backlog of unfilled orders totaled $165.1 million as of December 27, 2025.