Teradyne Buys 10% Stake in Technoprobe for $516 mn to Enhance Semiconductor Testing Solutions

Teradyne, a supplier of test solutions, is set to make an equity investment of approximately $516 million in Technoprobe. This investment will secure a 10 percent ownership interest for Teradyne in Technoprobe.
TeradyneIn return, Technoprobe will acquire Teradyne’s Device Interface Solutions business for $85 million. These agreements mark a strategic alignment of resources and capabilities to better address the evolving needs of the semiconductor industry.

The collaboration will also extend to joint development projects, allowing both companies to pool their expertise and technological prowess. Importantly, both Teradyne and Technoprobe remain committed to maintaining an “open ecosystem” approach, permitting customers to select their preferred interface and tester supplier. This approach ensures a seamless and flexible experience for semiconductor manufacturers and test system developers.

Greg Smith, CEO of Teradyne, expressed his enthusiasm for the partnership, saying, “Technoprobe has great products and has made important investments to align with the trends that are driving the market. Our equity investment and joint development projects reflect our confidence in Technoprobe to create value for customers through innovative interface solutions for the interface market.”

Latest

More like this
Related

Who are top vendors in optical transport equipment market in 2024?

The optical transport equipment market experienced significant fluctuations in...

Airtel selects Ericsson to deploy 5G Core network across India

Bharti Airtel and Ericsson have strengthened their partnership to...

Ericsson Networks Head Fredrik Jejdling to leave

Ericsson announced that Fredrik Jejdling, Head of Networks, will...

Nokia tests elastic networking for reducing energy consumption

Nokia has announced the completion of a Proof of...