# Cohu

Cohu is a Semiconductor Test Equipment Manufacturer based in Poway, United States.

## Overview

- **Organization type:** Semiconductor Test Equipment Manufacturer
- **Headquarters:** Poway, United States
- **Region:** North America
- **Address:** Poway, CA, United States
- **Founded:** 1947
- **Assets under management:** Undisclosed
- **Website:** cohu.com
- **LinkedIn:** https://www.linkedin.com/company/cohu-inc-

## Regulatory record

- **Reports private funds:** No

## About

Cohu is a semiconductor company founded in 1947 and based in Poway, California. It offers test handlers, automated test equipment, inspection and metrology solutions, and data analytics software. These products serve sectors such as automotive, computing, and consumer electronics.

## Sectors

- Semiconductors
- Industrial Tech
- Robotics & Automation

## People

- Luis A. Müller — President and Chief Executive Officer

## Questions

### How does Cohu generate its revenue?

Cohu generates revenue by selling semiconductor test handlers, contactors, and optical inspection systems to integrated device manufacturers and outsourced assembly and test providers. It also derives recurring revenue from the sale of consumables and from its DI-Core data analytics platform. For full-year 2023, the company reported revenue of approximately $636 million (per the firm, 2023).

### What was the strategic rationale behind acquiring Xcerra?

Cohu acquired Xcerra in 2018 for roughly $796 million to consolidate the fragmented back-end semiconductor test equipment market. The deal combined Cohu's handler business with Xcerra's test contactor and inspection product lines, creating a single supplier with an integrated test cell offering. The acquisition aimed to capture cost synergies and strengthen Cohu's position with major semiconductor manufacturers (per public filings, 2018).

### Which end-markets does Cohu's equipment primarily serve?

Cohu targets semiconductor devices destined for the automotive, industrial, and mobile handset markets. These end-markets require high-reliability testing, making back-end inspection and test handling critical for quality assurance. The company's equipment is embedded in factories that package chips for advanced driver-assistance systems, factory automation, and 5G smartphones.

### Who runs investment decisions at Cohu?

Cohu does not operate an investment portfolio. Capital allocation decisions — including acquisitions, R&D investment, and share repurchases — are made by the executive leadership team under CEO Luis Müller and are subject to the oversight of the board of directors. The company's most significant use of capital historically has been acquisitions to expand its test and inspection product lines.

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Last updated: 2026-06-03T20:00:00.000Z

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