PDF SOLUTIONS, INC. (NASDAQ:PDFS) Files An 8-K Costs Associated with Exit or Disposal Activities
Item 2.05 Cost Associated with Exit or Disposal Activities

Item 2.05 Cost Associated with Exit or Disposal Activities.

On September 27, 2018, the Board of Directors of PDF Solutions, Inc. (the “Company”) approved a reduction in its workforce to reduce expenses and align its operations with evolving business needs. Notifications to the affected employees began onOctober 24, 2018.

The Company expects to incur total pre-tax cash restructuring charges, primarily relating to severance and transition assistance, of approximately $1.2 million to $2.3 million. The charges are expected to beexpensed in the fourth quarter of 2018 and first quarter of 2019. The Company expects cash payments to be made in the fourth quarter of 2018 and into 2019.

About PDF SOLUTIONS, INC. (NASDAQ:PDFS)

PDF Solutions, Inc. is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers. The Company’s solutions combine software, test chips, an electrical wafer test system, methodologies and professional services. The Company has developed solutions for yield simulation, analysis, loss detection, and improvement. Its characterization vehicle infrastructure (CVi) enables customers to electrically characterize the manufacturing process, and establish fail-rate information needed to calibrate manufacturing yield models and prioritize yield improvement activities. Its Exensio YieldAware solution combines software and services to enable customers to collect and combine product test data and equipment signals during production.