Profile: Teradyne Inc (TER)
11 Jul 2014
Teradyne, Inc. (Teradyne), incorporated on September 23, 1960, is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries. The Company's automatic test equipment products and services include semiconductor test (Semiconductor Test) systems; wireless test (Wireless Test) systems, and military/aerospace (Mil/Aero) test instrumentation and systems, storage test (Storage Test) systems, and circuit-board test and inspection (Commercial Board Test) systems (Systems Test Group). The Company has a customer base, which includes integrated device manufacturers (IDMs), outsourced semiconductor assembly and test providers (OSATs), wafer foundries, fabless companies that design, but contract with others for the manufacture of integrated circuits (ICs), developers of wireless devices and consumer electronics, manufacturers of circuit boards, automotive suppliers, wireless product manufacturers, storage device manufacturers, aerospace and military contractors. In April 2013, Giga-tronics Inc completed the sale of its product line known as SCPM to Teradyne, Inc. In October 2013, the Company's wholly owned subsidiary LitePoint, announced that it has completed the acquisition of privately-held ZTEC Instruments, a manufacturer of modular wireless test products, located in Albuquerque, New Mexico and Orlando, Florida.
The Company designs, manufactures, sells and supports Semiconductor Test products and services on a worldwide basis. The test systems the Company provides are used both for wafer level and device package testing. These chips are used in automotive, industrial, communications, consumer, computer and electronic game applications, among others. Semiconductor Test products and services are sold to IDMs that integrate the fabrication of silicon wafers into their business, Fabless companies that outsource the manufacturing of silicon wafers, Foundries that cater to the processing and manufacturing of silicon wafers, and OSATs that provide test and assembly services for the final packaged devices to both Fabless companies and IDMs. The FLEX Test Platform is a test solution used at OSATs and test houses. The FLEX Test Platform has an installed base of more than 3,800 systems to date and it continues to grow. The Company's J750 test system shares the IG-XL software environment with the family of FLEX Test Platform systems. The J750 is designed to address semiconductor devices, such as microcontrollers that are central to the functionality of almost every consumer electronics product, from small appliances to automotive engine controllers. J750 test systems combine compact packaging, high throughput and ease of production test. The Company extended the J750 platform technology to create the IP750 Image Sensor test system. The IP750 is focused on testing image sensor devices used in digital cameras and other imaging products. The J750 platform has an installed base of over 4,200 systems.
The Company’s LitePoint designs, develops, and supports advanced wireless test solutions for the development and manufacturing of wireless devices, including smart phones, tablets, notebooks/laptops, personal computer peripherals, and other Wi-Fi and cellular enabled devices. LitePoint collaborates with developers, component manufacturers to create agile systems capable of analyzing the entire wireless landscape. LitePoint's products are of two categories: cellular and connectivity. The LitePoint IQxstream is an optimized solution for high-speed testing of global system for mobile communications (GSM), EDGE, wideband code division multiple access (W-CDMA), HSPA+, cdma2000, and LTE technologies used for calibration and verification of smartphones, tablets, and embedded cellular modules. IQxstream is complemented by LitePoint's IQvector solution, a turnkey production-optimized testing package that supports the cellular chipset solutions. LitePoint offers a range of hardware and software solutions for connectivity testing. The IQxel test systems enable testing of the latest Wi-Fi standard-802.11ac-taking wireless data rates beyond the gigabit per second barrier. The IQxel supports multiple bandwidths and channel configurations, MIMO antenna arrangements, Bluetooth 1.0-4.0, as well as legacy 802.11 a/b/g/n/p modes. The LitePoint IQ2015 is a one-box solution for multi-connectivity needs, including Wi-Fi (a/b/g/n), Bluetooth (1.0-4.0), GPS/GLONASS, FM, WiMAX and ZigBee. LitePoint delivers and support its products, including IQflex, IQnxn, IQ2010, IQnav, and IQview. LitePoint IQfactPlus is a turnkey, chipset specific solution, enabling rapid volume manufacturing with a minimum of engineering effort.
Systems Test Group
The Company's Systems Test Group segment is comprised of three business units: Mil/Aero, Storage Test and Commercial Board Test. The Company is a provider of test systems, subsystems, instruments, software solutions and service for the defense and aerospace markets. The Company's solutions are used to ensure the readiness of military and commercial aerospace electronics systems. The Company's solutions are suited to the demands of defense/aerospace electronics manufacturers and repair depots worldwide. The Storage Test business unit addresses the high throughput, automated manufacturing test requirement of hard disk drive (HDD) manufacturers. The Company's products address the 2.5 inch HDD market that is driven by the needs of laptop, ultrabook, and enterprise storage products. The Company is a supplier of test equipment to HDD manufacturers. The Company's Neptune tester addresses customer requirements related to factory density, thermal performance and vibration isolation. The Company's test and inspection systems are used by electronics manufacturers worldwide. The Company's products verify that printed circuit boards are assembled correctly and operational.
The Company competes with Advantest Corporation, LTX-Credence Corporation, Agilent Technologies, Inc, Xyratex Ltd, Aeroflex, Inc., Anritsu Company, National Instruments Corporation and Rohde & Schwarz GmbH & Co. KG.
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