Teradyne (TER) and Infineon announced they have entered into a strategic partnership to advance power semiconductor test. As part of the strengthened relationship, Teradyne will acquire part of Infineon’s automated test equipment team in Regensburg, Germany. This acquisition provides mutual benefits for both companies. With the additional resources and expertise, Teradyne will accelerate its roadmap in the power semiconductor segment while collaborating on new solutions with a key market leader. By entering into a service agreement, Infineon secures continued manufacturing support as well as enhanced flexibility to respond to internal demand for this specialized test equipment, and benefits from Teradyne’s economy of scale. Teradyne is fully committed to the 80-person team at Infineon’s Regensburg site and plans to build upon these capabilities as it integrates together with its Power Semiconductor business unit.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TER:
- Teradyne price target lowered to $145 from $158 at JPMorgan
- Teradyne price target lowered to $150 from $180 at KeyBanc
- Cathie Wood’s ARK Investment buys 172K shares of Teradyne today
- Closing Bell Movers: Microsoft down 5%, Tesla up 4% after earnings
- Teradyne reports Q4 non-GAAP EPS 95c, consensus 91c