Aehr Test Systems (AEHR) 28th Annual Needham Growth Conference Virtual summary

Business and Company Overview

• Nearly 50 years as a leader in reliability and burn-in testing for semiconductors, specializing in both wafer-level and package-level systems for a global customer base including major tech and semiconductor firms.

• Large installed base across AI processors, automotive, data centers, silicon photonics, and major cell phone supply chains.

• State-of-the-art 50,000+ sq. ft. facility in Fremont, CA, handles final assembly, testing, and high-volume production, supporting global contract manufacturing.

• Manufacturing processes have passed Tier 1 customer qualifications.

• Production capacity exceeds current forecasts, able to ship up to 20 wafer-level and 20 package-level systems monthly.

Product Innovation and Technology

• Offers turnkey solutions including equipment, software, automation, and consumables, with proprietary IP and global patents covering wafer-level test, temperature control, and probe contact.

• FOX-XP system enables multi-wafer parallel test and burn-in, supporting up to 18 wafers in parallel and reducing equipment cost and fab footprint.

• WaferPak contactors are patented, high-margin consumables tailored to each device design, enabling high-precision, high-density, and high-temperature testing.

• Automation enhancements allow for efficient, hands-free processing of multiple wafers, reducing cycle overhead.

• Systems provide functional testing and validation, ensuring high reliability and safety for critical applications.

Product Portfolio and Applications

• FOX-XP: High-volume, multi-wafer test and burn-in system with up to 18 blades and 360 wafer capacity.

• FOX-NP: Dual-wafer system for new product introduction, engineering, and low-volume production.

• Sonoma platform: Largest installed base for high-power packaged part burn-in, especially for AI processors.

• WaferPak contactors enable low-cost, high-density, and high-temperature testing.

• Systems support a range of semiconductor devices, including AI, memory, and photonics.