Aehr Test Systems - AEHR STOCK NEWS

Aehr Test Systems (NASDAQ:AEHR) announced the retirement of long-time board member Mario M. Rosati, effective January 24, 2023. Rosati, a crucial figure since the company's inception in 1977, helped take Aehr public in 1997 and provided invaluable support in its early growth phase. With his departure, the board now consists of six members. Gayn Erickson, President and CEO, acknowledged Rosati's leadership and contributions as key to the company's success. Aehr Test specializes in semiconductor production test and reliability qualification equipment, having installed over 2,500 systems globally, catering to the rising needs of automotive and mobility integrated circuit markets.

Aehr Test Systems (NASDAQ:AEHR) announced on January 25, 2023, that a new customer has chosen its FOX-P^TM system for wafer-level testing and burn-in of silicon carbide devices targeted for automotive electric vehicles. This customer, a silicon carbide and gallium nitride supplier, values Aehr's ability to ensure complete traceability and device reliability. The initial testing will be conducted with an OSAT partner which already has FOX-P capacity. Industry forecasts predict the silicon carbide market for electric vehicles will surge from 119,000 6-inch equivalent wafers in 2021 to over 4.1 million by 2030, highlighting the significant growth potential for Aehr's solutions.

Aehr Test Systems (NASDAQ:AEHR) has secured a $25.1 million follow-on order from its primary silicon carbide customer, aimed at increasing production capacity for electric vehicles. The order comprises multiple FOX-XP wafer level test and burn-in systems that will enhance the customer's wafer-level burn-in capacity by over 50%. The systems are scheduled to ship between March 1, 2023, and November 30, 2023. The silicon carbide market is projected to burgeon, with William Blair forecasting growth from 119,000 to over 4.1 million wafers by 2030, signifying significant opportunities for Aehr in this expanding sector.

Aehr Test Systems has announced a follow-on production order from a major silicon carbide semiconductor customer for an additional FOX-XP multi-wafer test and burn-in system, which includes the integrated WaferPak Aligner. This advanced system will enhance testing capabilities for silicon carbide power semiconductors, particularly in the electric vehicle market. Expected to ship in Aehr's fiscal fourth quarter starting March 1, 2023, this order indicates strong market demand, with forecasts predicting a significant increase in silicon carbide wafer production in the coming years.

Aehr Test Systems (NASDAQ:AEHR) reported notable financial results for its fiscal second quarter ending November 30, 2022. Net sales surged 54% to $14.8 million, with GAAP net income rising to $3.7 million, up from $717,000. The company also added two new silicon carbide customers, enhancing its market share in the growing silicon carbide sector, particularly for electric vehicles. Forecasts predict a significant increase in demand for silicon carbide devices, with Aehr maintaining its revenue guidance of $60 million to $70 million for the fiscal year ending May 31, 2023.

Aehr Test Systems (NASDAQ: AEHR) will release its second quarter fiscal 2023 financial results on January 5, 2023. The results will cover the period ending November 30, 2022. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, allowing investors to discuss these results. Participants can join the call by dialing the provided numbers or via the webcast on the investor relations section of Aehr's website.

Aehr Test Systems (NASDAQ: AEHR) has secured an initial production order for its FOX-XP™ multi-wafer test system from a new major silicon carbide semiconductor supplier. The system features advanced test capabilities suitable for electric vehicle applications and other industrial uses. Following a previous order, shipments of the FOX-XP system are slated to start in the fiscal fourth quarter beginning March 1, 2023. The market for silicon carbide devices is projected to grow significantly, with estimates suggesting demand will rise from under 150,000 wafers in 2021 to over four million by 2030.

Aehr Test Systems (NASDAQ: AEHR), based in Fremont, California, will participate in the Craig-Hallum 13th Annual Alpha Select Conference on November 17, 2022. CEO Gayn Erickson and CFO Ken Spink will engage with institutional investors throughout the event. The company aims to highlight its innovations in semiconductor testing and reliability, focusing on silicon carbide for electric vehicles and gallium nitride for consumer electronics. These sectors are projected to be key revenue drivers in the coming fiscal years.

Aehr Test Systems (NASDAQ: AEHR) has secured $4.4 million in orders from its lead customer for multiple WaferPak™ full wafer Contactors, aimed at increasing production capacity for silicon carbide power semiconductors catering to the electric vehicle market. Shipments are expected by the end of Aehr’s fiscal third quarter, concluding February 28, 2023. The company anticipates ongoing demand for FOX systems and WaferPak Contactors, contributing to their positive outlook for business growth in the automotive semiconductor sector.