Duiven, the Netherlands, December 16, 2013 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (NYSE Euronext: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced the commencement of an investigation into the theft of monies from a bank account managed by one of its US subsidiaries which recently took place.
The Company has retained counsel for the investigation and has contacted local and federal authorities in connection therewith. The maximum potential exposure to Besi from the theft is approximately € 2.0 million prior to any potential insurance recovery which will result in a charge to earnings of a like amount in the fourth quarter of 2013.
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BE Semiconductor Industries N.V. (Besi) specializes in the design, manufacturing and marketing of semiconductor assembly equipment for the global semiconductor and electronics industries. The group develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile Internet, computer, automotive, industrial, RFID, LED and solar energy.
Net sales are distributed geographically as follows: Ireland (7.5%), Europe (8.2%), China (35.5%), Malaysia (8.4%), Korea (7.3%), Taiwan (6.5%), Thailand ( 3.6%), Asia/Pacific (11.8%), United States (8.8%) and other (2.4%).