PDF Solutions (PDFS) stock soared 5.72% in after-hours trading on Wednesday following the company's announcement of acquiring secureWISE, a leading secure remote connectivity solution for the semiconductor manufacturing equipment industry.
The acquisition of secureWISE from Telit IOT Solutions Inc. for $130 million in cash is expected to expand PDF Solutions' semiconductor manufacturing data platform. secureWISE's network enables equipment manufacturers to remotely access, monitor, and control their tools installed in nearly 200 semiconductor factories worldwide.
According to PDF Solutions' CEO John Kibarian, the acquisition will accelerate equipment makers' ability to derive value from equipment data by leveraging PDF Solutions' Exensio analytics software. It will also expand the company's secure DEX OSAT network, allowing equipment makers, fab operators, and fabless companies to collaborate and optimize chip manufacturing and testing.
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