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Aehr Test Systems secures order for wafer test system

EditorEmilio Ghigini
Published 04/02/2024, 07:49 AM
Updated 04/02/2024, 07:49 AM

FREMONT, CA - Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test equipment, announced today that it has received an order from a multi-billion-dollar semiconductor company for its FOX-NP™ wafer level test and burn-in system. The order also includes multiple WaferPak™ Contactors and a FOX WaferPak Aligner, intended for the engineering, qualification, and small lot production of silicon carbide devices.

The customer, operating across Europe, Asia, and the Americas, caters to the automotive, industrial, mobile, and consumer sectors. The FOX-NP system is equipped with new modules that support advanced testing and burn-in capabilities for silicon carbide power semiconductors. These systems are slated to ship within the upcoming months.

Gayn Erickson, President and CEO of Aehr Test Systems, expressed enthusiasm for the new partnership, highlighting the FOX-P technology's ability to meet the customer's burn-in and stabilization requirements with full traceability. The customer plans to transition to the FOX-XP multi-wafer test and burn-in systems for high-volume production in the future.

The demand for silicon carbide devices is expected to grow significantly, driven by applications in the automotive, industrial, and electrification sectors. Aehr's wafer level burn-in approach is touted as a more cost-effective and efficient method compared to traditional package part burn-in.

Aehr's FOX family of systems, including the FOX-XP and FOX-NP, is designed to address early life failures in silicon carbide devices, which is crucial for the initial quality and long-term reliability required by their target industries.

The company, headquartered in Fremont, California, specializes in test solutions for semiconductor devices in various forms and has installed systems globally. Aehr's products are increasingly relevant due to the heightened quality and reliability needs in sectors such as electric vehicles, renewable energy, computing, and telecommunications.

This announcement is based on a press release statement from Aehr Test Systems.

InvestingPro Insights

As Aehr Test Systems (NASDAQ:AEHR) garners attention with its recent order for the FOX-NP™ system, investors are closely monitoring the company's financial health and stock performance. According to InvestingPro, Aehr holds more cash than debt on its balance sheet, which is a positive sign for stakeholders looking for financial stability in the company. Additionally, the firm's stock has experienced significant return over the last week, indicating a responsive market following company developments.

In terms of valuation, Aehr is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 16.97. This metric suggests that the stock may be undervalued given its earnings potential. Moreover, the company's revenue growth has been robust, with a 33.53% increase in the last twelve months as of Q2 2024, and an even higher quarterly revenue growth of 44.66% in Q2 2024. These figures reflect Aehr's expanding market presence and its ability to capitalize on the growing demand for silicon carbide devices.

Investors interested in further analysis and additional InvestingPro Tips can find 13 more tips for Aehr Test Systems, which could provide deeper insights into the company's performance and stock potential. For those looking to access these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. The strong revenue growth coupled with the company's strategic moves in the semiconductor test equipment market could make AEHR an interesting stock to watch.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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