Item 7.01 Regulation FD Disclosure
Cohu, Inc. (the "Company") is aware of media reports indicating that Silicon
Valley Bank ("SVB") has been closed by the California Department of Financial
Protection and Innovation, which appointed the Federal Deposit Insurance
Corporation as receiver. On March 10, 2023, the Company announced that it has
deposit accounts with SVB with an aggregate balance of approximately
$12.3 million, which is approximately 3.8% of the Company's total cash and
investments.
The information contained in this Item 7.01 is being furnished and shall not be
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that section. The information in this Item 7.01 shall not be incorporated by
reference into any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference in such
filing.
Item 8.01. Other Events.
As noted in Item 7.01 above the Company is aware of media reports indicating
that SVB has been closed by the California Department of Financial Protection
and Innovation, which appointed the Federal Deposit Insurance Corporation as
receiver. On March 10, 2023, the Company announced that it has deposit accounts
with SVB with an aggregate balance of approximately $12.3 million, which is
approximately 3.8% of the Company's total cash and investments.
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