FREMONT, CA – Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test and burn-in equipment, today announced that it has secured an initial production order from a leading automotive semiconductor supplier for its wafer-level test FOX-XP™. and sealing system with an integrated FOX WaferPak™ aligner. This system is designed for testing gallium nitride (GaN) power semiconductor devices and will ship immediately. According to data from InvestingPro, Aehr maintains solid financial health with a strong current ratio of 6.03, indicating excellent operating liquidity. The company’s strong 50.48% gross profit margin reflects efficient cost management in its manufacturing operations.
Aehr Test Systems President and CEO Gayn Erickson said the company has been collaborating with the customer for more than a year to support its GaN power semiconductor evaluation and qualification process. Erickson expressed excitement about the initial purchase order, which signals the customer’s transition to wafer-level volume production of its GaN devices using Aehr’s FOX-XP platform.
The customer previously used the FOX-NP system for production qualification and reliability testing, along with Aehr’s proprietary WaferPak full-wafer contactors, to successfully qualify a variety of GaN device types for multiple applications, including industrial markets. , solar, data centers and automotive.
Aehr’s FOX-XP system enables a seamless transition from device qualification to high-volume, fully automated multi-wafer testing. It can test up to nine wafers in parallel and is designed to withstand high-voltage, high-temperature stress tests, essential for power semiconductors such as GaN and silicon carbide (SiC).
GaN MOSFETs are recognized for their higher power conversion efficiency over silicon and are becoming increasingly popular for automotive power converters and data center power applications. Industry experts predict that GaN will eventually replace silicon in power conversion, particularly for photovoltaic applications.
Market research from Yole Group and Frost & Sullivan projects significant growth for GaN technology, with annual device sales expected to reach $2.5 billion by 2029 and GaN semiconductors accounting for more than 10% of the GaN semiconductor industry. power by 2028. These projections highlight a substantial growth opportunity for Aehr’s Wafer Level Test and Burn-In Solutions.
Aehr Test Systems, based in Fremont, California, is recognized for its test solutions for semiconductor devices in various formats and has installed numerous systems around the world. The company’s products meet the growing needs for quality, reliability and safety of semiconductors used in various applications, including electric vehicles, energy infrastructure, computing and data infrastructure. With the company’s next earnings report due out in 6 days, InvestingPro subscribers can access real-time analysis and detailed financial metrics to make informed investment decisions. The company’s market capitalization stands at $499.28 million and analysts maintain a positive outlook on its growth prospects.
This announcement is based on a press release from Aehr Test Systems.
In other recent news, Aehr Test Systems has reported important developments. The company’s first-quarter financial results for fiscal 2025 revealed revenue of $13.1 million and non-GAAP net income of $2.2 million, both surpassing consensus estimates. Despite year-over-year declines, Aehr Test Systems has reaffirmed its fiscal 2025 revenue guidance of at least $70 million, with a significant portion, 85%, expected from wafer-level burnup.
The company also rescheduled its second-quarter fiscal 2025 earnings release and subsequent conference call to January 13, 2025, due to the National Day of Mourning for former President Jimmy Carter. Aehr Test Systems demonstrated strong profitability with a gross margin of 50.5% and maintains a healthy balance sheet with more cash than debt.
Additionally, Aehr Test Systems recently completed the acquisition of Incal Technology, enhancing its high-power testing capabilities for AI semiconductors. This strategic move has already resulted in the company receiving its first volume production orders for Incal’s Sonoma ultra-high-power semiconductor test solution.
At Aehr Test Systems’ Annual Meeting, shareholders elected six directors to the board and ratified BPM LLP as the company’s independent registered public accounting firm for the upcoming fiscal year. These are the latest advances from Aehr Test Systems, a company that continues to make leaps and bounds in the semiconductor testing industry.
This article was generated with the support of AI and reviewed by an editor. For more information consult our T&C.