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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) has announced its acquisition of Incal Technology, Inc., a manufacturer of packaged part reliability/burn-in test solutions for AI semiconductors. The $21 million deal expands Aehr's product portfolio to include ultra-high-power capabilities for AI accelerators, GPUs, and HPC processors. This strategic move positions Aehr as a turn-key provider of reliability and testing solutions in the rapidly growing AI semiconductor market.
The acquisition combines Incal's high-power capabilities with Aehr's wafer level test solutions, addressing the unique challenges of testing very high-power AI devices. Incal's technology is already being used by leading AI industry players, and the merger is expected to accelerate growth and market share in the AI semiconductor test market.
Aehr Test Systems (NASDAQ:AEHR) has received $12.7 million in orders for multiple sets of WaferPak™ full wafer Contactors from a silicon carbide test and burn-in customer. These Contactors will be used for production of silicon carbide power semiconductors for electric vehicles. The WaferPaks are expected to be delivered over the next three months.
The orders highlight Aehr's ongoing partnership and the customer's need for wafer level burn-in and screening of new device designs. Aehr's proprietary WaferPak Contactors are unique to each customer's device design and adapt to changes in designs, wafer patterns, or sizes. The company remains enthusiastic about the silicon carbide market for electric vehicles, seeing it as a significant opportunity.
Aehr Test Systems (NASDAQ:AEHR) reported fiscal 2024 Q4 and full-year results, with record annual revenue of $66.2 million. Q4 net revenue was $16.6 million, with GAAP net income of $23.9 million ($0.81 per diluted share). Full-year GAAP net income reached $33.2 million ($1.12 per diluted share). The company benefited from a $20.8 million tax valuation allowance release. Aehr expects fiscal 2025 revenue of at least $70 million with net profit before taxes of at least 10%. The company highlighted growth opportunities in silicon carbide, AI processors, and gallium nitride markets. Aehr also announced the acquisition of Incal Technology to expand its AI processor testing capabilities.
Aehr Test Systems (NASDAQ: AEHR) has released preliminary unaudited financial results for its fiscal fourth quarter and full year ended May 31, 2024. The company reported fourth-quarter revenue of approximately $16.6 million and a GAAP net income of about $23.8 million, which includes a $20.8 million tax benefit from the release of the company's full income tax valuation allowance. For the full fiscal year, revenue reached around $66.2 million, and GAAP net income was approximately $33.1 million, surpassing previous guidance and analyst expectations. Despite a slowdown in electric vehicle (EV) demand affecting silicon carbide device shipments, Aehr achieved record annual revenue. CEO Gayn Erickson highlighted the company's engagement with new potential silicon carbide device suppliers and emerging opportunities in markets like silicon photonics and gallium nitride power semiconductors. Full financial results will be released on July 16, 2024, followed by an earnings conference call.
Aehr Test Systems (NASDAQ:AEHR), a global provider of semiconductor test and burn-in equipment, will release its financial results for the fiscal 2024 fourth quarter and full year on July 16, 2024, after market close. The announcement will be followed by a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. Investors can access the live call by dialing +1 888-506-0062 (US & Canada) or +1 973-528-0011 (International) using the passcode 196310. A replay of the call will be available for one week post-event by dialing +1 877-481-4010 (US & Canada) or +1 919-882-2331 (International) with the replay passcode 50772.
Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test and burn-in equipment, announced that its President and CEO, Gayn Erickson, will attend the 16th Annual CEO Investor Summit 2024. The event will take place on July 10th at the St. Regis Hotel in San Francisco, CA. Erickson expressed enthusiasm about discussing the company's wafer level test and burn-in solutions, which enhance the quality, reliability, and yield of semiconductors. These solutions are important for sectors such as electric vehicles, data centers, and 5G infrastructure. The presentation materials will be available on Aehr's investor relations page.
Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test and burn-in equipment, will present at the William Blair 44th Annual Growth Stock Conference in Chicago on June 5 at 2:00pm CT. President and CEO Gayn Erickson and CFO Chris Siu will discuss the company's wafer level test and burn-in solutions for semiconductor production, focusing on markets such as electric vehicles, data centers, and 5G infrastructure. The presentation will be webcast live and available for replay. Investors can contact William Blair or MKR Investor Relations for more details or to schedule meetings.
Aehr Test Systems (NASDAQ: AEHR) will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis. President and CEO Gayn Erickson will hold one-on-one meetings with investors to discuss the company's wafer level test and burn-in solutions for semiconductor production. Aehr Test offers solutions for improving the quality, reliability, and yield of semiconductors used in electric vehicles, power conversion applications, and data centers. The company sees significant growth potential in the adoption of these solutions for new applications like optical I/O and co-packaged optics devices.