other material
confidence high
sentiment negative
materiality 0.60
Cohu discloses $12.3M in SVB deposits (3.8% of total cash) after SVB closure
COHU INC
- Deposit balance at Silicon Valley Bank is ~$12.3 million, or 3.8% of total cash and investments.
- SVB closed by California regulator on March 10, 2023; FDIC appointed receiver.
- Company does not provide expected recovery timeline or contingency plan for the funds.