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Aehr Test Systems, headquartered in Fremont, California, is a global leader in providing innovative solutions for the testing and burn-in of semiconductor devices. With an installed base of over 2,500 systems worldwide, Aehr Test Systems specializes in systems tailored for the burn-in and testing of memory and logic integrated circuits. The company’s flagship products include the ABTS, FOX™, and MAX™ systems, along with the DiePak® Carrier.
Among their offerings, the ABTS system performs both low-power and high-power logic tests during burn-in for all common types of memory devices. The FOX system is designed for full wafer contact testing and burn-in, making it highly efficient for both engineering and high-volume production. The MAX system is proficient in burning-in and functionally testing complex devices like DSPs, microprocessors, and SoCs. Lastly, the DiePak carrier allows for cost-effective final tests and burn-in of bare dies.
Aehr Test Systems is meeting the rising demands for high-quality and reliable integrated circuits, driven by the automotive and mobile markets, among others. The company is also expanding its market reach with new opportunities in silicon carbide and gallium nitride power semiconductors. Their latest innovations, such as the FOX WaferPak™ Aligner and FOX-XP™ WaferPak Contactor, underscore their commitment to enhancing test accuracy and efficiency.
Financially, Aehr Test Systems has shown robust growth, with net revenues of $20.6 million in the first quarter of fiscal 2024, reflecting a significant increase from previous years. The company's financial condition is strong, supported by substantial cash reserves and a growing backlog of orders. Aehr Test Systems continues to build strategic partnerships and is actively engaging with new customers to further expand its market presence.
Aehr Test Systems (NASDAQ: AEHR) has secured a $7.6 million order for WaferPak™ full wafer Contactors from its leading silicon carbide customer to enhance production capacity. This follows a prior order worth $19 million for FOX-XP test systems. The order represents about two-thirds of the required WaferPaks, with expectations of further orders due to the growing demand for silicon carbide devices in various markets including electric vehicles and renewable energy.
Aehr Test Systems (NASDAQ: AEHR) announced its participation in the 13th European Conference on Silicon Carbide and Related Materials (ECSCRM 2020·2021) from Oct 24-28, 2021, in Tours, France. CEO Gayn Erickson expressed enthusiasm in showcasing their semiconductor test solutions, vital for enhancing semiconductor yield and reliability. Key applications include silicon carbide and gallium nitride semiconductors used in electric vehicles and data centers. The conference aims to connect global experts in wide-bandgap semiconductors, focusing on the latest advancements in the sector.
Aehr Test Systems (NASDAQ: AEHR) announced a $1.3 million order for two FOX-NP™ systems from a major semiconductor manufacturer. These systems will enhance test capacity for silicon photonics devices, expected to ship in the coming months. The order reflects growing demand for silicon photonics, projected to grow at a 49% CAGR from 2021 to 2026. Aehr's FOX-NP systems will optimize device manufacturing by allowing simultaneous testing of multiple wafers, leading to cost savings and improved reliability.
Aehr Test Systems (NASDAQ: AEHR) announced the successful completion of its $25 million at-the-market offering, selling 1.7 million shares at an average price of $14.73, netting $24 million after expenses. CEO Gayn Erickson highlighted that this funding positions the company to seize significant market opportunities, especially in silicon carbide devices for electric vehicles and advanced semiconductor testing. The ongoing demand for test solutions in emerging markets reflects a strong backlog and customer engagement, reinforcing Aehr's growth potential in critical technology applications.
Aehr Test Systems (NASDAQ: AEHR) announced that CEO Gayn Erickson will present at the 14th Annual LD Micro Main Event Conference on October 12, 2021, at 3:30 pm PT in Los Angeles. The company focuses on semiconductor test systems that enhance yield and reliability for devices utilized in electric vehicles and data centers. Erickson will discuss innovative testing solutions crucial for performance in emerging markets. The conference will feature around 150 companies and offers opportunities for investor engagement throughout the event.
Aehr Test Systems (NASDAQ: AEHR) reported a strong start to fiscal 2022, with net sales of $5.6 million, up 181% year-over-year. The company raised its revenue guidance for fiscal 2022 by 80%, now expecting at least $50 million. GAAP net income was $696,000, or $0.03 per diluted share, aided by the forgiveness of a PPP loan. The backlog grew significantly to $16.6 million, with total bookings exceeding $40 million. Key growth is driven by demand for silicon carbide power semiconductors in electric vehicles, expected to surge over 500% by 2026, presenting a substantial market opportunity for Aehr.
Aehr Test Systems (NASDAQ: AEHR) will announce its first quarter fiscal 2022 financial results on September 23, 2021, after market close. The conference call is scheduled for 5:00 PM ET to discuss these results. Interested parties can join via a live call by dialing 800-437-2398 (US and Canada) or +1 323-289-6576 (International) using passcode 5352296. The company specializes in semiconductor test and reliability qualification equipment, addressing growing demands from the Automotive and Mobility sectors.
Aehr Test Systems (NASDAQ: AEHR) has secured a $19.4 million order for multiple FOX-XP systems to enhance silicon carbide production for electric vehicles. The order, from a leading Fortune 500 semiconductor supplier, addresses increasing capacity needs for testing silicon carbide devices. Delivery is anticipated over the next nine months. The silicon carbide market is projected to triple by 2026, offering significant growth opportunities for Aehr. Their products aim to ensure high reliability and performance in electric vehicle components, with a strong emphasis on reducing power loss.
Aehr Test Systems (NASDAQ: AEHR) has announced initial orders nearing $1.2 million from a new customer in China for its FOX-P™ test and burn-in solution aimed at silicon photonics devices. This order includes a FOX-NP™ full wafer system and multiple DiePak Carriers® to support production requirements. CEO Gayn Erickson expressed optimism regarding the growing silicon photonics market, highlighting increasing demands for quality and reliability in optical devices across various sectors. The shipment is scheduled for Aehr's fiscal first quarter ending August 31, 2021.
Aehr Test Systems (NASDAQ: AEHR) announced $3.0 million in purchase orders from a leading Fortune 500 semiconductor supplier for WaferPak Contactors and a FOX WaferPak Aligner, aimed at enhancing production capacity for electric vehicle power semiconductors. The orders signify a stronger partnership and are expected to ship within six months. Aehr's proprietary solutions cater to increasing demands in the electric vehicle market, with silicon carbide semiconductors forecasted to triple by 2026. The FOX-XP system is equipped for efficient testing of silicon carbide wafers.
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