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Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry in North America, Asia, and Europe. On July 30, 2018, Aehr Test Systems Inc collaborated with Credence Systems Corporation (Credence) to bring a new product called FOX-XP test system to market. As per the deal, Credence has acquired an exclusive license from Aehr in exchange for which Aehr will receive a royalty payment on sales of this product by Credence and retain the ownership of its proprietary FOX WaferPak Contactor are used in the product. Aehr Test Systems was incorporated in 1977 and is headquartered in Fremont, California.