Aehr Gets $13.7M In Follow-On Orders For FOX WaferPak Contactors
Portfolio Pulse from Nabaparna Bhattacharya
Aehr Test Systems (NASDAQ: AEHR) has received $13.7 million in follow-on orders for FOX WaferPak contactors from a leading Fortune 500 semiconductor devices supplier. The order will meet increased production capacity needs for silicon carbide power semiconductors in the electric vehicle market.
June 09, 2023 | 3:46 pm
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Aehr Test Systems received $13.7 million in follow-on orders for FOX WaferPak contactors, boosting its revenue and meeting increased demand in the EV market.
Aehr Test Systems received a significant follow-on order worth $13.7 million from a leading semiconductor devices supplier. This order will help the company meet the increased production capacity needs for silicon carbide power semiconductors in the electric vehicle market, which is a growing industry. The news is likely to have a positive impact on the company's stock price in the short term, as it indicates strong demand for its products and potential for increased revenue.
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