Aehr Test Systems (NASDAQ:AEHR) shares retreated in early Tuesday trading, following momentum from the previous day.
Aehr shares jumped around 88% on Monday after the company announced it received a $10.8 million order for production test and burn-in of silicon carbide power for semiconductors for electric vehicles.
This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market. These FOX systems and WaferPaks are expected to ship within the next six months.
CEO Gayn Erickson, commented, "These follow-on orders for additional FOX-XP systems and WaferPaks are the result of our working closely with this lead customer to achieve their test requirements and validation of our FOX-P platform and WaferPak full wafer contactors as their production qualified solution. This customer continues to forecast orders for multiple additional FOX systems and WaferPak Contactors this fiscal year and a significant number of systems and WaferPaks over the next several years due to electric vehicle semiconductor test and burn-in demand.
"Each of these silicon carbide-focused FOX-XP systems is configured to test 18 silicon carbide wafers in parallel in the footprint of a typical single wafer test solution, while contacting and testing 100% of the devices in parallel on each wafer.
"Our solution can not only test 100mm and 150mm diameter silicon carbide wafers, but can test the future 200mm wafers planned to be introduced over the next several years. Aehr provides a unique fully integrated solution that includes the test systems, full wafer WaferPak Contactors, and WaferPak Aligners."
AEHR shares backtracked 18 cents, or 2.8%, to $6.21.
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