Teradyne And Technoprobe Announce Strategic Agreements To Drive Semiconductor Test Interface Innovation And Accelerate Growth; Teradyne To Acquire 10% Ownership Of Technoprobe; Technoprobe To Acquire Teradyne's Device Interface Solutions Business For $85M
Portfolio Pulse from Benzinga Newsdesk
Teradyne, Inc. (NASDAQ:TER) and Technoprobe S.p.A. have announced a strategic partnership, with Teradyne acquiring a 10% stake in Technoprobe and Technoprobe acquiring Teradyne's Device Interface Solutions business for $85 million. The partnership aims to accelerate growth and offer higher performance semiconductor test interfaces. The companies will also engage in joint development projects. The transactions are expected to close in the first half of 2024.
November 08, 2023 | 12:25 am
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Teradyne's strategic partnership with Technoprobe and the acquisition of a 10% stake in Technoprobe could potentially boost Teradyne's growth and performance in the semiconductor test interface market.
The strategic partnership and equity investment in Technoprobe could potentially open up new growth opportunities for Teradyne in the semiconductor test interface market. This could have a positive impact on Teradyne's stock in the short term.
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