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Overview
Aehr Test Systems is an integrated provider of advanced semiconductor testing and burn-in solutions delivering innovative systems designed for testing, burning-in, and stabilizing integrated circuits. By incorporating wafer level burn-in and reliability testing, the company addresses the critical challenges of ensuring long-term performance and reliability for advanced semiconductor devices.
Core Business and Technology
At its core, Aehr Test Systems develops and manufactures test equipment that supports the entire semiconductor production process. Its product portfolio includes a range of systems that enable wafer level burn-in, singulated die testing, and packaged part reliability screening. Notable product families such as the FOX-PTM series, FOX-XP and FOX-NP systems, and proprietary WaferPak solutions deliver high-power testing, precise voltage control, and thermal management for various semiconductor devices, including logic, memory, and power integrated circuits. This technology is critical for industries that require rigorous testing to improve yields and mitigate early-life failures.
Market Position and Applications
Operating globally from its headquarters in Fremont, California, Aehr Test Systems serves an extensive range of markets and industries. A significant portion of its business focuses on applications that demand exceptional quality and reliability such as automotive electronics, electric vehicle charging, solar and wind power conversion, advanced computing, high-performance AI processors, memory storage, and telecommunications. The company’s innovative wafer level burn-in systems simplify the testing process by enabling cost-effective, scalable solutions that assist manufacturers in verifying device robustness before assembly, thereby reducing production bottlenecks and lowering overall manufacturing costs.
Innovative Product Portfolio
Aehr Test Systems has consistently introduced groundbreaking products that have reshaped semiconductor testing. Its FOX series systems are engineered not only to meet but exceed the stringent performance requirements of modern semiconductor devices. Key innovations include:
- Wafer Level Burn-In: This approach tests full wafers before they are diced or packaged, ensuring all devices are validated under controlled conditions with precise power and temperature management.
- High-Power Capabilities: Systems engineered to support high-power semiconductor devices such as silicon carbide and gallium nitride power semiconductors, critical for applications in electric vehicles and data centers.
- Modular and Scalable Designs: The use of interchangeable proprietary WaferPak solutions allows customers to adapt testing platforms across a variety of die sizes and device designs.
Industry Impact and Competitive Advantage
As the semiconductor industry evolves with increased device complexity and the growing demand for integrated power solutions, Aehr Test Systems stands at the forefront of technological innovation. The company’s comprehensive approach—involving both wafer level and packaged part test solutions—allows semiconductor manufacturers to seamlessly transition from device qualification to high-volume production. This technological proficiency, combined with a commitment to quality and a worldwide support network, positions Aehr as a trusted partner in optimizing production yields and reducing time-to-market for new semiconductor designs.
Expertise and Customer Focus
Underpinned by decades of industry experience, Aehr Test Systems is recognized for its expertise in designing test solutions that incorporate critical reliability metrics. The company’s products are utilized by major semiconductor manufacturers globally, ensuring that cutting-edge technology and industrial standards are met with consistency. Its strategic customer engagements span a diverse array of applications—from automotive power systems to AI processors—demonstrating a capability to evolve and meet the rigorous demands of modern electronics manufacturing.
Conclusion
This evergreen overview encapsulates Aehr Test Systems’ role as a pivotal technology provider in the semiconductor testing arena. Through its advanced engineering, innovative product design, and comprehensive global support, the company delivers solutions that drastically improve semiconductor reliability and production efficiency.
Aehr Test Systems (NASDAQ: AEHR) announced its third-quarter fiscal 2022 financial results, revealing net sales of $15.3 million, a 190% increase from $5.3 million in Q3 fiscal 2021. GAAP net income stood at $2.2 million ($0.08 per diluted share), reversing a net loss of $735,000 a year earlier. Non-GAAP net income was $4.1 million ($0.14 per diluted share). Backlog reached $26.9 million, with an effective backlog exceeding $30 million. The company reiterated guidance for at least $50 million in total revenue for the fiscal year, projecting profitability.
Aehr Test Systems (NASDAQ: AEHR) announced over $3.5 million in orders from a key customer for WaferPak™ full wafer Contactors to support new silicon carbide device designs and volume production. These orders align with the growth in the electric vehicle (EV) market, particularly for silicon carbide devices like traction inverters and on-board chargers. The company's FOX-XP™ systems are anticipated to facilitate a significant scaling of production in response to projected market demands that may rise from 150,000 to over four million wafers by 2030, enhancing their capacity to meet the automotive sector's requirements.
Aehr Test Systems (NASDAQ: AEHR) will report its third quarter financial results for fiscal 2022 on March 31, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, where company officials will discuss the results. Interested parties can participate via phone or live webcast. Headquartered in Fremont, California, Aehr Test is a provider of semiconductor test equipment, addressing testing needs in the Automotive and Mobility integrated circuit markets.
Aehr Test Systems (NASDAQ: AEHR) has announced an initial order exceeding $1.2 million from a FOX-XP Multi Wafer and Singulated Die/Module test customer for its proprietary FOX DiePak Carriers. This signifies a new application for the FOX-XP system aimed at enhancing device testing and monitoring. The order includes an automated DiePak pick and place handler and reflects growth in the company's consumables business, which may reach 50% of total sales in the future. Aehr's systems enable rigorous testing for critical applications, including 5G communications and automotive devices.
Aehr Test Systems (NASDAQ: AEHR) reported impressive financial results for Q2 of fiscal 2022, with net sales reaching $9.6 million, a 471% increase from the previous year. The company achieved GAAP net income of $717,000 or $0.03 per diluted share, contrasting sharply with a loss of $2.0 million in Q2 of fiscal 2021. Bookings hit a record $29.1 million, while backlog reached $36.1 million. Aehr continues to foresee growth in the silicon carbide market, driven by electric vehicle demand, and maintained its revenue guidance of at least $50 million for the fiscal year.
Aehr Test Systems (NASDAQ: AEHR) announced that President and CEO Gayn Erickson, along with CFO Ken Spink, will present at the 24th Annual Needham Virtual Growth Conference on January 12 at 2:45 PM ET. They will engage in virtual one-on-one meetings with investors throughout the day. The company aims to showcase its semiconductor testing solutions, crucial for enhancing the yield and reliability of semiconductors in electric vehicles, data centers, and mobile applications. The presentation will be available for live streaming and replay on Aehr's website.
Aehr Test Systems (NASDAQ: AEHR) will announce its second-quarter fiscal 2022 financial results on January 6, 2022, following market close. A conference call will be held at 5:00 PM ET to discuss the results. Investors can join the call by dialing 800-437-2398 (US) or +1 929-477-0577 (International) and using the participant passcode 5907605. The conference will also be available via webcast on the company's investor relations page. Aehr Test Systems specializes in semiconductor test and reliability equipment, catering to the growing needs of automotive and mobility circuit markets.
Aehr Test Systems (NASDAQ: AEHR) announced an order from a major silicon photonics customer for four FOX-NP™ systems, anticipated to ship within 6-7 months. These systems will enhance the characterization and qualification of new photonics devices. The FOX-NP systems facilitate dual wafer testing, improving efficiency in stabilization processes critical for integrated silicon photonics manufacturing. The company is optimistic about the silicon photonics market, which is projected to grow at a 49% CAGR from 2021-2026, presenting significant long-term opportunities.
Aehr Test Systems (NASDAQ: AEHR) announced its participation in the D.A. Davidson Semicap, Laser and Optical Conference on December 15, 2021. President Gayn Erickson and CFO Ken Spink will engage in one-on-one virtual meetings with institutional investors. Erickson highlighted Aehr's focus on semiconductor testing solutions that enhance yield and reliability for key markets, including electric vehicles and data centers. The company aims to capitalize on increasing demand for silicon carbide semiconductors and optical devices, anticipating significant revenue growth in the coming fiscal years.
Aehr Test Systems (NASDAQ: AEHR) has announced its membership in the PowerAmerica Institute, aimed at accelerating the adoption of silicon carbide (SiC) and gallium nitride (GaN) power electronics. This collaboration seeks to expedite market introduction, reduce costs, and mitigate risks associated with new technologies. Backed by the U.S. Department of Energy, PowerAmerica acts as a hub for semiconductor manufacturers and users, fostering innovation and education. Aehr anticipates that advancements in SiC and GaN technologies will enhance energy efficiency across various sectors, including electric vehicles and renewable energy.