Aehr Test Systems secures GaN device test order by Investing.com

FREMONT, CA – Aehr Test Systems (NASDAQ:AEHR), a global provider of semiconductor testing and combustion equipment, today announced that it has secured an initial production order from a leading automotive semiconductor supplier for the FOX-XP™ wafer-level test and copy system with FOX WaferPak alignment. Compact™. This system is designed to test gallium nitride (GaN) power semiconductor devices and is scheduled to ship immediately. according to InvestingPro According to the data, Aehr maintains strong financial health with a strong current ratio of 6.03, indicating excellent operating liquidity. The company’s strong gross profit margin of 50.48% reflects effective cost management in its manufacturing operations.

Aehr Test Systems President and CEO Jane Erickson said the company has been collaborating with customers for more than a year to support the evaluation and qualification process for GaN power semiconductors. Ericsson said it was pleased with the initial purchase order, which signals the customer’s move to burn-grade wafer production for its GaN devices using Aehr’s FOX-XP platform.

The customer previously used the FOX-NP system for production qualification and reliability testing, combined with Aehr’s proprietary WaferPak full-wafer connectors, to successfully qualify a variety of GaN device types for multiple applications, including industrial, solar, data center and automotive markets.

Aehr’s FOX-XP system allows for a seamless transition from device qualification to fully automated multi-wafer testing in high volume. It can test up to nine chips in parallel, and is designed to handle high-voltage and high-temperature tests, which is essential for power semiconductors like GaN and silicon carbide (SiC).

GaN MOSFETs are known for their higher power conversion efficiency than silicon, and have become increasingly popular for automotive power converters and data center power applications. Industry experts expect GaN to eventually replace silicon in power conversion, especially in photovoltaic applications.

Market research from Yole Group and Frost & Sullivan forecasts significant growth in GaN technology, with annual device sales expected to reach $2.5 billion by 2029 and GaN semiconductors accounting for more than 10% of the power semiconductor industry by 2028. These forecasts highlight Significant growth opportunity for Aehr wafer level testing and combustion solutions.

Aehr Test Systems, headquartered in Fremont, California, is known for semiconductor device testing solutions in various formats and has installed numerous systems worldwide. The company’s products meet the growing needs for quality, reliability, safety and security of semiconductors used in various applications, including electric vehicles, power infrastructure, computing and data infrastructure. With the release of the company’s next earnings report within 6 days, InvestingPro Subscribers can access real-time analysis and detailed financial metrics to make informed investment decisions. The company has a market capitalization of $499.28 million, with analysts maintaining 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 reported important developments. The company’s fiscal 2025 first-quarter financial results revealed revenue of $13.1 million and non-GAAP net income of $2.2 million, both above consensus estimates. Despite the year-over-year declines, Aehr Test Systems reaffirmed its fiscal 2025 revenue guidance of at least $70 million, with a significant portion, 85%, expected to be from wafer-level burn.

The company also rescheduled its fiscal 2025 second-quarter 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 has 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 capabilities in high-power testing of AI-powered semiconductors. This strategic move has already landed the company its first large production orders for Incal’s Sonoma ultra-high power semiconductor testing solution.

At Aehr Test Systems’ annual meeting, shareholders elected six directors to the Board of Directors and certified BPM LLP as the company’s independent registered public accounting firm for the upcoming fiscal year. These are the latest developments for Aehr Test Systems, a company that continues to make great strides in the semiconductor testing industry.

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