Financial ImpactThe company plans to incur significant costs and inventory write-downs associated with winding down Project W, which could negatively impact its financial performance.
Guidance And Sales OutlookKLIC guided the March quarter sales to be flat sequentially, which is below expectations, suggesting a potential slowdown in the company's revenue growth trajectory.
Project TerminationKLIC announced the termination of Project W, its microLED project for AAPL, potentially shaking investor confidence in the company's growth prospects in the microLED market.