Aehr Receives Over $2.3 Million Follow-on Order for FOX-XP™ System for High Volume Wafer Level Production Test and Burn-In of Silicon Carbide Devices

Rhea-AI Summary

Aehr Test Systems (NASDAQ: AEHR) announced a follow-on order exceeding $2.3 million from a leading Fortune 500 silicon carbide customer. This order is for a FOX-XP Wafer Level Test and Burn-in system, crucial for electric vehicle power module production. The system, operational in Aehr's fiscal fourth quarter ending May 31, 2021, tests eighteen silicon carbide wafers simultaneously, ensuring quality and reliability. The company anticipates additional orders from this customer and other key firms in the silicon carbide market, driven by anticipated growth in electric vehicle power semiconductors.

Positive

• Received a follow-on order of over $2.3 million from a leading silicon carbide customer.
• The FOX-XP system enhances reliability and efficiency for high volume production of electric vehicle components.
• Positive outlook for further orders expected in the new fiscal year from the lead customer.

Negative

• None.

FREMONT, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today announced it has received and shipped a follow-on order totaling more than $2.3 million from its lead silicon carbide customer for a FOX-XP Wafer Level Test and Burn-in system for high volume production test and burn-in of the customer’s line of silicon carbide devices. This system shipped during Aehr’s fiscal fourth quarter that ended May 31, 2021.

This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market, and is using Aehr’s FOX-XP system for high volume production burn-in and infant mortality screening of silicon carbide devices at wafer level for electric vehicle power modules. The FOX-XP system is configured to test eighteen silicon carbide wafers in parallel while contacting and testing 100% of the devices on each wafer. 

Gayn Erickson, President and CEO of Aehr Test Systems, commented, “This follow-on order for an additional FOX-XP system is the result of our working closely with this lead customer to achieve their test requirements and validation of our FOX-P platform and WaferPak full wafer contactors as their production qualified solution. We expect this customer will order a full set of WaferPaks for this system in our new fiscal year that just began, and a significant number of FOX systems, WaferPaks and related consumables that they have forecasted to purchase from Aehr over the next several years.

“In addition, we remain engaged in promising discussions with multiple key companies in the silicon carbide space, some of which have also publicly indicated plans for significant capacity increases.

“Silicon carbide continues to be promising as a key growth driver for Aehr, and we anticipate that silicon carbide wafer level burn-in will become the industry standard for low cost and 100% traceability for burn-in and reliability screening. The power semiconductor market for electric vehicles is expected to triple between 2020 and 2026, growing at a 25.7% CAGR to $5.6 billion, according to a March 2021 report from Yole Développement research. In addition, a July 2020 report from Deloitte forecasts total EV sales will grow from 2.5 million in 2020 to 11.2 million in 2025, a CAGR of 29%, before reaching 31.1 million by 2030 and securing approximately 32% of the total market share for new car sales.”

The FOX-XP system, available with multiple WaferPak^TM Contactors (full wafer test) or multiple DiePak^TM Carriers (singulated die/module test) configurations, is capable of functional test and burn-in/cycling of integrated devices such as silicon carbide power devices, silicon photonics as well as other optical devices, 2D and 3D sensors, flash memories, Gallium Nitride (GaN), magnetic sensors, microcontrollers, and other leading-edge ICs in either wafer formfactor, before they are assembled into single or multi-die stacked packages, or in singulated die or module form factor.

About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a worldwide provider of test systems for burning-in and testing logic, optical and memory integrated circuits and has installed over 2,500 systems worldwide. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products in package, wafer level, and singulated die/module level test. Aehr Test has developed and introduced several innovative products, including the ABTS^TM and FOX-P^TM families of test and burn-in systems and FOX WaferPak^TM Aligner, FOX-XP WaferPak Contactor, FOX DiePak^® Carrier and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for both lower power and higher power logic devices as well as all common types of memory devices. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as leading-edge memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a new low-cost single-wafer compact test and reliability verification solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The WaferPak contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of both bare die and modules. For more information, please visit Aehr Test Systems’ website at www.aehr.com.

Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates,” “going to,” "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr’s new and existing customers; bookings forecasted for proprietary WaferPak^TM and DiePak consumables; and expectations related to long-term demand for Aehr’s productions and the attractiveness of key markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr’s Form 10-K for fiscal 2020, Form 10-Q for the first fiscal quarter of fiscal 2021 and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Contacts:
Aehr Test Systems	MKR Investor Relations Inc.
Vernon Rogers	Todd Kehrli or Jim Byers
EVP of Sales & Marketing	Analyst/Investor Contact
(510) 623-9400 x215	(323) 468-2300
vrogers@aehr.com	aehr@mkr-group.com

FAQ

What is the recent order announced by Aehr Test Systems?

Aehr Test Systems announced a follow-on order exceeding $2.3 million for a FOX-XP Wafer Level Test and Burn-in system.

How does the FOX-XP system benefit electric vehicle manufacturing?

The FOX-XP system tests eighteen silicon carbide wafers simultaneously, improving production reliability and efficiency for electric vehicle power modules.

What fiscal quarter does the shipment of the FOX-XP system fall under?

The shipment of the FOX-XP system falls under Aehr's fiscal fourth quarter that ended on May 31, 2021.

What is the expected growth in the electric vehicle semiconductor market?

The power semiconductor market for electric vehicles is projected to triple from 2020 to 2026, growing at a 25.7% CAGR to reach $5.6 billion.

What are the future prospects for Aehr Test Systems?

Aehr Test Systems expects additional orders and continued engagement with key companies in the silicon carbide industry.