Kulicke & Soffa appoints Raj Talluri as new CEO

Kulicke & Soffa Industries has announced the appointment of Dr. Raj Talluri as its new President and Chief Executive Officer. Talluri, who previously served as CEO of Enovix and held senior leadership roles at Micron Technology and Qualcomm, will take over the role from interim CEO Lester Wong.

Under the new arrangement, Wong will transition to focus on his duties as Executive Vice President and Chief Financial Officer. The leadership change is set to take effect on September 1, 2026, with Talluri’s election to the company’s Board of Directors effective August 17, 2026.

Following the announcement, Kulicke & Soffa shares experienced a significant decline, dropping nearly 10% during a single trading session. Market analysts suggest the sell-off may be attributed to investor concerns regarding the length of the interim leadership period since the retirement of former CEO Fusen Chen, as well as opportunistic profit-taking following recent strong quarterly earnings.