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Benzinga
Benzinga
Business
Anusuya Lahiri

Aehr Shares Soar On Bagging New Order

Aehr Test Systems (NASDAQ:AEHRwon an order from a current silicon photonics customer for four other FOX-NP systems. The financial terms were not disclosed.

  • The systems will support the characterization and product qualification of new photonics-based devices. 
  • The FOX-NP systems will likely ship over the next six to seven months.
  • Gayn Erickson, President and CEO of Aehr Test Systems, commented, "This customer, one of the world's largest semiconductor manufacturers, continues to use Aehr for wafer-level burn-in and stabilization of their silicon photonics wafers and is adding these FOX-NP systems for a new photonics-based device application." 
  • "This customer is expected to purchase new sets of WaferPaks to be used with these systems. As the applications and market for silicon photonics-based devices continue to grow, we expect this customer to continue to increase their capacity in the future."
  • Price Action: AEHR shares traded higher by 6.63% at $16.40 in the premarket session on the last check Tuesday.
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