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Rising costs and diminishing benefits of transistor scaling are enhancing the value of semiconductor assembly. In addition to this inflection within the Company’s core market, technology transitions supporting 5G adoption, new automotive requirements and emerging advanced display trends have dramatically enhanced the Company’s long-term growth prospects.
Mini and micro LED technologies are enabling a new level of benefits to both high volume and next generation displays. These new displays which utilize thousands to millions of LEDs per display are demanding new innovative assembly solutions. By leveraging strong competencies in motion control, vision system, software engineering and close customer engagement, we begin developing new advanced display solutions.
The pace of innovation in the automotive industry is accelerating. Driven by innovation in software, energy storage and compound semiconductor, new levels of safety, comfort, efficiency and cost can be achieved. The rapid transition is increasing the pace of automotive semiconductor growth, and driving the need for new and innovative interconnect and assembly solutions. These secular trends are providing additional growth opportunities which expand the market we serve.