Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne operates globally to provide high-performance test and automation tools. The company's core business is its Semiconductor Test segment, which accounts for the vast majority of its revenue and focuses on testing System-on-a-Chip (SoC) and memory components. This segment is increasingly driven by demand from AI and data center applications. Beyond semiconductor testing, Teradyne's Product Test group provides system-level circuit board and wireless testing solutions. The company has also expanded significantly into industrial automation, acquiring Universal Robots and Mobile Industrial Robots to offer collaborative and autonomous mobile robots for manufacturing and logistics. This diversification allows Teradyne to capitalize on both the cyclical semiconductor capital equipment market and the secular growth of factory automation.
