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Teradyne Company Profile

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Teradyne Company Profile
Company Name: Teradyne, Inc.
Headquartered: North Reading, MA
Industry: Electronic Test & Measurement Instruments Manufacturing
Year of Founding: 1960
2011 Sales: $1.43B
2011 Employees: 3,200
Rankings: S&P 500

Company Overview
Teradyne, Inc. is a leading supplier of automated test equipment and a maker of systems for testing semiconductors. Teradyne have a broad customer base which includes integrated device manufacturers, outsourced semiconductor assembly and test providers, wafer foundries, fabless, developers of wireless devices and consumer electronics, manufacturers of circuit boards, automotive companies, wireless product manufacturers, storage device manufacturers, aerospace and the military.

Teradyne Operating Segments is divided into three groups: Semiconductor test, system test group, and wireless group. As of 2011 annual sales corresponded 77% in semiconductor test; 21% corresponded to system test; and 2% corresponded to wireless. Although the wireless sector was the smallest, it is expected that wireless operation will correspond 10% in 2012 of Teradyne sales.

Teradyne growth strategy is to expand and maintain served market by leveraging technology and distribution to deliver superior test solutions with tight financial and strategic acquisitions. This strategy allowed Teradyne to grew 42% from 2007 to 2011 ($3.6 Billion to $5.5 Billion). From 2007 to 2011, Terdayne was able to move from 25% to 36% in semiconductor ATE (SoC & Memory) market share. As of today, Terdayne captures the second most market shares in its industry. Some of its acquisitions are: 1)
Nextest Systems in 2008 which allowed Teradyne to market both the System on Chip (SOC) and flash memory testing market; B) the purchase of Eagle Test Systems in 2008 which allowed to expand the testing analog and power management chips testing market sector.

Teradyne’s main competition is Advantest which captured 49% of total semiconductor ATE market share in 2011. Advantest

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