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{{distinguish|Teledyne Technologies}}
{{Short description|Company}}
{{refimprove|date = December 2021}}
{{Infobox company
{{Infobox company
| name = Teradyne
| name = Teradyne, Inc.
| logo = TeradyneLogo.png
| logo = Teradyne logo 2014.svg
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{nyse|TER}}<br>[[S&P 400|S&P 400 Component]]
| traded_as = {{ubl|{{NASDAQ|TER}}|[[S&P 500]] component}}
| caption =
| caption =
| foundation = 1960
| foundation = {{Start date and age|1960}}
| founder = [[Alex d’Arbeloff]], [[Nick DeWolf]]
| founders = {{ubl|[[Alex d'Arbeloff]] | [[Nick DeWolf]]}}
| location = [[North Reading, Massachusetts]], [[United States]]
| location = [[North Reading, Massachusetts]], United States
| industry = Test & Automation
| industry = Test & Automation
| products = Automation solutions
| products = [[Automatic test equipment]]
| revenue = {{profit}} '''[[United States dollar|US$]]2.1 billion''' (2018)<ref>http://www.teradyne.com/investors</ref>
| revenue = {{decrease}} {{USD|2.68 billion|link=yes}} (2023)
| operating_income =
| operating_income = {{decrease}} {{USD|501 million}} (2023)
| net_income =
| net_income = {{decrease}} {{USD|449 million}} (2023)
| assets = {{decrease}} {{USD|3.49 billion}} (2023)
| num_employees = 4,900 (2018)
| equity = {{increase}} {{USD|2.53 billion}} (2023)
| homepage = {{URL|http://www.teradyne.com}}
| num_employees = {{circa|6,500}} (2023)
| website = {{url|teradyne.com}}
| footnotes = <ref name=10K>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/97210/000095017024018701/ter-20231231.htm |date=22 February 2024 |title=U.S. SEC: Teradyne, Inc. Form 10-K |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
}}


'''Teradyne, Inc.''', is an American [[automatic test equipment]] (ATE) designer and manufacturer based in [[North Reading, Massachusetts]]. Teradyne's high-profile customers include [[Samsung]], [[Qualcomm]], [[Intel]], [[Analog Devices]], [[Texas Instruments]] and [[IBM]].<ref>{{cite web |title=Teradyne, Inc. Company History |url=http://www.fundinguniverse.com/company-histories/Teradyne-Inc-company-History.html |publisher=[[Funding Universe]] |access-date=February 2, 2012}}</ref>
'''Teradyne''' ({{nyse|TER}}), provides electric test and task automation solutions for manufacturing operations of all sizes. For almost 60 years, customers in electronics, automotive, healthcare, aerospace and defense have used Teradyne’s solutions to ensure product quality, performance and reliability.

Headquartered in the US, with 70+ locations around the world, Teradyne’s global customers include [[Samsung]], [[Qualcomm]], [[Intel]], [[Analog Devices]], [[Texas Instruments]] and [[IBM]].<ref>{{cite web|url=http://www.fundinguniverse.com/company-histories/Teradyne-Inc-company-History.html|title=Teradyne, Inc. Company History|publisher=Funding Universe|accessdate=February 2, 2012}}</ref> Divisions include Semiconductor Test, System Test, Wireless Test as well as its Industrial Automation business.

Teradyne sold its first product, a logic-controlled go/no-go diode tester, to Raytheon in 1961. Since then, through a combination of in-house innovation and strategic acquisitions, Teradyne has expanded its portfolio to help customers harness innovations in technology. Today, its solutions enable many of the most commonly used devices, including cars, cell phones, computers and medical equipment to meet users’ expectations for reliable performance.  


==History==
==History==
[[Image:Nick DeWolf at lectern.jpg|thumb|right|200px|[[Nick DeWolf]], Teradyne co-founder, 1959]]
[[File:Nick DeWolf at lectern.jpg|thumb|right|200px|[[Nick DeWolf]], Teradyne co-founder, 1959]]
{{pic|Teradyne.svg|Logo of Teradyne used until 2014}}
Teradyne was founded by [[Alex d’Arbeloff]] and [[Nick DeWolf]], classmates at the [[Massachusetts Institute of Technology]]. d’Arbeloff and DeWolf recognized early on that testing electronic components in high-volume production would ultimately become a bottleneck, unless the tasks performed by technicians and laboratory instruments could be automated. Their first business plan introduced a new breed of "industrial-grade" electronic test equipment, built for technical performance, as well as reliability and near-term economic payback.
Teradyne was founded by [[Alex d'Arbeloff]] and [[Nick DeWolf]], who were classmates at the [[Massachusetts Institute of Technology]] (MIT) in the late 1940s. The men founded Teradyne in 1960, and set up shop in rented space above Joe and Nemo's hotdog stand in downtown [[Boston, Massachusetts|Boston]]. The name, Teradyne, was intended to represent a very forceful presence. 1,000,000,000,000 [[dyne]]s = 10 [[newton (unit)|meganewtons]] (2,248,089 [[pound-force|pounds-force]] or 1,019,716 [[kilogram-force|kilograms-force]]).


d'Arbeloff and DeWolf knew that testing electronic components in high-volume production would reach a bottleneck, unless the tasks performed by technicians and laboratory instruments could be automated. Their business plan involved a new breed of "industrial-grade" electronic test equipment, known for its technical performance, reliability and economic payback.
The company’s name represents a forceful presence. ‘Tera’ is the prefix for 10 to the 12<sup>th</sup> power, and ‘[[dyne]]’ is a unit of force. The name Teradyne is 1,000,000,000,000 dynes, equivalent to 2,248,089 pounds/1,019,716 [[kilograms]] of force.


In 1961, d'Arbeloff and DeWolf sold their first product, a [[Logic Control|logic-controlled]] go/no-go [[diode]] tester, to [[Raytheon]].
== Divisions ==
Teradyne Automated Test business is made up of three divisions:  Semiconductor Test, Systems Test and Wireless Test.


In the 1980s, Teradyne expanded its sub-assembly test business by acquiring Zehntel, a leading manufacturer of in-circuit board test systems. In 1987, the company introduced the first analog [[Very-large-scale integration|VLSI]] test system, the A500, which led the market in testing integrated devices that provided the interface between analog and [[digital data]].
Teradyne’s [https://www.teradyne.com/products/semiconductor-test Semiconductor Test business] focuses on logic, RF, analog, power, mixed-signal and memory devices—the building blocks of tablets, smart phones, computers, gaming systems and much more. Teradyne’s semiconductor test line-up includes the [https://www.teradyne.com/products/semiconductor-test/j750 J750], [https://www.teradyne.com/products/semiconductor-test/flex FLEX], [https://www.teradyne.com/products/semiconductor-test/ultraflex UltraFLEX], [https://www.teradyne.com/products/semiconductor-test/ets-800-test-system Eagle] and [https://www.teradyne.com/products/semiconductor-test/magnum Magnum] product families.


The 1990s brought more diversification. The company acquired Megatest Corporation, which expanded its Semiconductor Test group to include smaller and less expensive testers than had been currently available. Teradyne also became a market leader in high-end System-on-a-Chip (SoC) test with its Catalyst and Tiger test systems.{{citation needed|date=June 2019}}
Teradyne’s System Test business serves the next level of electronics production as chips are combined into complex electronic systems. From computing to communications, data storage to industrial, and many other applications, Teradyne helps electronics manufacturers ensure the integrity and quality of their products. Teradyne serves the defense and aerospace industry to support the mission readiness of defense and aerospace customers worldwide. Major product families in its system test business include [https://www.teradyne.com/products/production-board-test/teststation/teststation-multi-site TestStation], [https://www.teradyne.com/products/production-board-test/spectrum-88xx Spectrum], [https://www.teradyne.com/products/defense-aerospace/high-speed-subsystem High Speed Subsystem], [https://www.teradyne.com/products/storage-test/neptune-2-5-automated-test-platform Neptune] and Saturn.


In 2000, Teradyne Connection Systems acquired Herco Technologies and Synthane-Taylor, and a year later they acquired circuit-board test and inspection leader, [[General Radio|GenRad]], and merged it into the Assembly Test Division. GenRad's Diagnostic Solutions, which made test equipment for the automotive manufacturing and [[service industries]], became a separate product group for Teradyne.
Teradyne’s Wireless Test business, [https://www.teradyne.com/products/wireless-test LitePoint], provides solutions for the manufacturers of wireless modules and consumer electronics. LitePoint products are used by chipset and product designers along with their contract manufacturers to verify performance, reduce time-to-market and lower the cost of wireless tests. From Bluetooth to Wi-Fi to 5G, Teradyne provides advanced testing capabilities.  Products include IQxel for connectivity test and IQxstream for cellular test.


In 2006, Teradyne sold its two Boston buildings and consolidated all of its Boston-area staff to its current site in North Reading, Massachusetts.
Teradyne’s Industrial Automation business includes collaborative and mobile robots and robotic control solutions:


Teradyne grew its semiconductor test business with the addition of Nextest and [[Eagle Test Systems]] in 2008, serving the [[flash memory]] test market and high-volume analog test market, respectively. That same year, Teradyne entered the disk-drive test market with the internally developed Neptune product, which serves the data-intensive internet and computing storage markets.
* [https://www.teradyne.com/products/industrial-automation/collaborative-robots Universal Robots (UR)] provides collaborative robots (cobots) that work side-by-side with production workers to improve quality and increase manufacturing efficiency. UR cobots automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts. The cobots are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.


In 2010, Teradyne celebrated its 50th anniversary. The following year, it acquired LitePoint Corporation, a leading provider of test instruments for use with [[wireless]] products, such as laptops [[Personal computer|PCs]], tablets, [[home network]]ing and cell phones. With the addition of LitePoint, Teradyne's product portfolio stretched from [[Wafer testing|wafer test]] of semiconductor chips to system-level circuit boards to products ready for store shelves.
* [https://www.teradyne.com/products/industrial-automation/autonomous-mobile-robots Mobile Industrial Robots (MiR)] offers next-generation mobile robots. Enabled by intelligent collaborative technologies, MiR’s autonomous mobile robots allow users to manage internal logistics. These robots are currently used in the transportation, healthcare, pharmaceutical, metal and plastics, fashion, technology and food industries.


Upon d'Arbeloff's retirement, [[George Chamillard]] assumed the post of President and CEO. He was replaced at his retirement by former CFO Mike Bradley. Bradley retired in January 2014, and was in turn replaced by Semiconductor Test Division president Mark Jagiela.
* [https://www.teradyne.com/products/industrial-automation/motion-control-software Energid] specializes in the control and simulation of complex robotic systems through its proprietary Actin® software. Energid’s software simplifies custom robotic design and development, and is used in the aerospace, agriculture, manufacturing, transportation, defense and medical industries.

Teradyne operates major facilities around the world, with headquarters in North Reading, Massachusetts.


==Timeline==
==Timeline==
[[Image:Teradyne tradeshow.jpg|thumb|right|200px|Teradyne's tradeshow booth showcasing the company's flagship product that went on to launch the [[semiconductor]] [[Automatic test equipment|ATE]] industry, circa 1964.]]
[[File:Teradyne tradeshow.jpg|thumb|right|200px|Teradyne's tradeshow booth showcasing the company's flagship product that went on to launch the [[semiconductor]] [[Automatic test equipment|ATE]] industry, circa 1964.]]
Timeline showing notable milestones, major acquisitions and key innovations.<ref>{{cite web|title=Teradyne, Inc. Company History|url=http://www.fundinguniverse.com/company-histories/Teradyne-Inc-company-History.html|publisher=Funding Universe|accessdate=February 2, 2012}}</ref>
Timeline showing notable milestones, major acquisitions and key innovations.<ref>{{cite web|title=Teradyne, Inc. Company History|url=http://www.fundinguniverse.com/company-histories/Teradyne-Inc-company-History.html|publisher=Funding Universe|accessdate=February 2, 2012}}</ref>


'''1960''' - Teradyne founded in Boston, with its first headquarters located in downtown Boston, above Joe and Nemo’s, a cherished local hot dog stand.
'''1960''' - Teradyne founded in Boston, MA by [[Alex d'Arbeloff]] and [[Nick DeWolf]].


'''1961''' - First product, the D133 diode tester, sold by [[Raytheon Company]].
'''1961''' - First product, the D133 diode tester, sold by [[Raytheon Company]].


'''1966''' - Teradyne moves headquarters from the Summer street loft above Joe & Nemo's hot dog stand to 183 Essex Street, Boston.
'''1966''' - Introduces the first computer controlled chip tester, the J259.


'''1966''' - Teradyne introduces the first computer controlled chip tester, the J259.
'''1969''' - Acquires Triangle Systems; launches Teradyne Dynamic Systems to develop digital semiconductor test systems.


'''1969''' - Teradyne launches Teradyne Dynamic Systems after acquiring Triangle Systems to develop digital semiconductor test systems in Chatsworth, CA.
'''1970''' - Listed on the New York Stock Exchange (symbol TER), 420,000 shares are sold to the public.


'''1970''' - Teradyne becomes a publicly owned company and is listed on the New York Stock Exchange (symbol TER), 420,000 shares are sold to the public.
'''1973''' - Launches Teradyne Central to develop telecommunications test systems.


'''1971''' - Alex d'Arbeloff is named President of Teradyne.
'''1973''' - Introduces the world's first subscriber-line test system, 4TEL.

'''1973''' - Teradyne launches Teradyne Central in Chicago, IL to develop telecommunications test systems.

'''1973''' - Teradyne introduces the world's first subscriber-line test system, 4TEL.
[[Image:UltraFLEX.jpg|thumb|right|200px|The UltraFLEX, automated test equipment designed and manufactured by Teradyne.]]
[[Image:UltraFLEX.jpg|thumb|right|200px|The UltraFLEX, automated test equipment designed and manufactured by Teradyne.]]
'''1979''' - Passes $100 million in sales; A300 Analog LSI test system introduced.
'''1979''' - Teradyne passes $100 million in sales; A300 Analog LSI test system introduced.


'''1980''' - Introduces the first combinational in-circuit/functional circuit board test system, the L200.
'''1980''' - Teradyne introduces the first combinational in-circuit/functional circuit board test system, the L200.


'''1981''' - Announces the first VLSI test system with non-stop pattern generation, the J941.
'''1981''' - Teradyne announces the first VLSI test system with non-stop pattern generation, the J941.


'''1986''' - Introduces the first analog VLSI test system, the A500.
'''1986''' - Teradyne introduces the first analog VLSI test system, the A500.


'''1988''' - Introduces the first PC-based circuit board tester to use spreadsheet programming, the Z1800-Series.
'''1988''' - Teradyne introduces the first PC-based circuit board tester to use spreadsheet programming, the Z1800-Series.


'''1990''' - Teradyne launches company-wide Total Quality Management initiative.{{citation needed|date=June 2019}}
'''1996''' - Introduces the Spectrum 8800-Series Manufacturing Test Platform, the first VXI-based in-circuit tester.


'''1993''' - Teradyne receives $63 million order from [[Deutsche Telekom]] for 4TEL telecommunications test systems, a record for the company.
'''1996''' - Introduces Marlin Memory Test system; first system capable of simultaneous test and redundancy analysis of DRAMs.
[[Image:Teradyne Campus.jpg|thumb|right|300px|Teradyne's headquarters in North Reading, Massachusetts.]]
'''1997''' - Creates the J973, the first Structural to Functional test system with the ability to shift in real time.


'''1996''' - Teradyne introduces the Spectrum 8800-Series Manufacturing Test Platform, the first VXI-based in-circuit tester.
'''1997''' - Introduces Catalyst, the first System-On-A-Chip ([[System-on-a-chip|SOC]]) test system.


'''1996''' - Marlin Memory Test system introduced; the first system capable of simultaneous test and redundancy analysis of DRAMs.
'''1998''' - Introduces the Integra J750, a test solution for high volume test of low-cost devices.
[[File:Teradyne Campus.jpg|thumb|right|300px|Teradyne's headquarters in North Reading, Massachusetts.]]
'''1997''' - Teradyne creates the J973, the first Structural to Functional test system with the ability to shift in real time.


'''2000''' - Teradyne Japan Division announces a new generation of image sensor test systems, the IP-750.
'''1997''' - Teradyne introduces Catalyst, the first System-On-A-Chip ([[System-on-a-chip|SOC]]) test system.


'''2004''' - Introduces the FLEX family of test systems, providing test flexibility for high-volume, high-mix, complex SOC devices.
'''1998''' - Teradyne introduces the Integra J750, a test system for high volume test of low-cost devices.


'''2000''' - Teradyne Japan Division announces a new generation of image sensor test systems, the IP-750.
'''2008''' - Acquires [[Eagle Test Systems]], serving the flash memory test market and Nextest Systems, serving the high-volume analog test market.


'''2004''' - Teradyne introduces the FLEX family of test systems, for high volume, high mix, complex SOC devices.
'''2008''' - Introduces Neptune tester, serving the data-intensive internet and computing storage markets  


'''2006''' - Teradyne moves headquarters to North Reading, MA.
'''2011''' - Acquires LitePoint to advance test solutions for the development and manufacturing of wireless devices.


'''2008''' - Teradyne acquires [[Eagle Test Systems]] and [[Nextest Systems]].
'''2015''' - Acquires [[Denmark|Danish]] company [[Universal Robots]].<ref name="ing2015">Godske, Bjørn. "[http://ing.dk/artikel/universal-robots-solgt-19-mia-kroner-176102 Universal Robots solgt for 1,9 mia. kroner]" ''[[Ingeniøren]]'', 13 May 2015. Accessed: 13 May 2015.</ref>


'''2011''' - Teradyne acquires [[LitePoint]] to advance production testing for the development and manufacturing of wireless devices.
'''2018''' - Acquires Mobile Industrial Robots (MiR) and [[Energid Technologies|Energid]] to expand its Industrial Automation business to include autonomous mobile robots and motion control and simulation software for robotics.

'''2015''' - Teradyne acquires [[Denmark|Danish]] company [[Universal Robots]].<ref name=ing2015>Godske, Bjørn. "[http://ing.dk/artikel/universal-robots-solgt-19-mia-kroner-176102 Universal Robots solgt for 1,9 mia. kroner]" ''[[Ingeniøren]]'', 13 May 2015. Accessed: 13 May 2015.</ref>

'''2018''' - Teradyne acquires Mobile Industrial Robots (MiR) and [[Energid Technologies|Energid]] to expand its Industrial Automation business to include Autonomous Mobile Robots and motion control and simulation software for robotics.

'''2019''' - Teradyne acquires AutoGuide Mobile Robots.<ref>{{Cite web |date=15 November 2019 |title=Teradyne completes acquisition of AutoGuide Mobile Robots |url=https://www.mmh.com/article/teradyne_to_acquire_autoguide_mobile_robots |access-date=7 October 2024 |website=Modern Materials Handling}}</ref>

'''2023''' - Teradyne acquires a 10% equity stake in [[Technoprobe]]<ref>{{cite web |url=https://www.eqs-news.com/news/corporate/teradyne-and-technoprobe-announce-strategic-agreements-to-drive-semiconductor-test-interface-innovation-and-accelerate-growth/1934241|date=7 November 2023 |title=Teradyne and Technoprobe Announce Strategic Agreements to Drive Semiconductor Test Interface Innovation and Accelerate Growth|publisher=EQS-news.com|accessdate=12 March 2024}}</ref>

==Divisions==

The Semiconductor Test Division provides test equipment used by [[integrated circuit]] manufacturers to test logic, RF, analog, power, mixed-signal and memory devices. Teradyne manufactures five principal families of testers known as the "J750", "FLEX," "UltraFLEX," “Eagle” and “Magnum” series. These testers are used by [[semiconductor]] manufacturers to test and classify the individual devices ("dies") on a completed semiconductor [[Wafer (electronics)|wafer]] and then used again to retest the parts once they are enclosed in their final packaging.

The System Test Group builds testers for completed circuit boards ([[printed circuit board]]s/printed wiring boards) and hard drives. The division addresses next-level electronics production for consumer, communications, industrial and government customers. Major product families in the system test business include: TestStation, Spectrum Series, High-Speed Subsystem, Neptune, Saturn and Titan. Portions of this division were acquired when Teradyne purchased [[GenRad]] in 2002.

LitePoint, Teradyne's wireless test business, provides services for leading manufacturers of wireless modules and consumer electronics. Serving the rapidly growing wireless communications industry, LitePoint products are used by chipset and product designers along with their contract manufacturers. LitePoint's products include IQxel for connectivity test and IQxstream for cellular test.

Teradyne's industrial automation business is composed of Universal Robots, Mobile Industrial Robots, AutoGuide and Energid.

Universal Robots (UR) provides collaborative robots (cobots) that work side-by-side with production workers. UR cobots automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts. The cobots are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.

Mobile Industrial Robots (MiR) offers autonomous mobile robots for managing internal logistics (for payloads under 1,500&nbsp;kg).{{clarify|date=August 2018}} These robots are currently used in the transportation, healthcare, pharmaceutical, metal and plastics, fashion, technology and food industries.

AutoGuide Mobile Robots manufactures modular industrial mobile robots (for payloads up to 45,000&nbsp;kg). These high-payload robots are used for assembly, material handling, warehousing and distribution operations across multiple industries.

Energid specializes in the control and simulation of complex robotic systems, and is used in the aerospace, agriculture, manufacturing, transportation, defense and medical industries.{{citation needed|date=June 2019}}

==References==
{{reflist }}

==External links==
* {{Official|https://www.teradyne.com/}}
{{Finance links
| name = Teradyne, Inc.
| symbol = TER
| sec_cik = 97210
| yahoo = TER
| google = TER
}}


{{commons category}}
== References ==
{{Authority control}}
{{reflist|30em}}
{{commons category|position=left}}


[[Category:Electronics companies of the United States]]
[[Category:Electronics companies of the United States]]
[[Category:Equipment semiconductor companies]]
[[Category:Equipment semiconductor companies]]
[[Category:Electronic test equipment manufacturers]]
[[Category:Manufacturing companies based in Massachusetts]]
[[Category:Manufacturing companies based in Massachusetts]]
[[Category:Companies based in Middlesex County, Massachusetts]]
[[Category:Companies based in Middlesex County, Massachusetts]]
[[Category:North Reading, Massachusetts]]
[[Category:North Reading, Massachusetts]]
[[Category:1970s initial public offerings]]
[[Category:1970s initial public offerings]]
[[Category:Manufacturing companies established in 1960]]
[[Category:Electronics companies established in 1960]]
[[Category:Technology companies established in 1960]]
[[Category:1960 establishments in Massachusetts]]
[[Category:1960 establishments in Massachusetts]]
[[Category:Companies based in Agoura Hills, California]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Computer companies of the United States]]
[[Category:Computer hardware companies]]

Latest revision as of 14:54, 7 October 2024

Not to be confused with Teledyne Technologies.
Teradyne, Inc.
Company typePublic
IndustryTest & Automation
Founded1960; 64 years ago (1960)
Founders
HeadquartersNorth Reading, Massachusetts, United States
ProductsAutomatic test equipment
RevenueDecrease US$2.68 billion (2023)
Decrease US$501 million (2023)
Decrease US$449 million (2023)
Total assetsDecrease US$3.49 billion (2023)
Total equityIncrease US$2.53 billion (2023)
Number of employees
c. 6,500 (2023)
Websiteteradyne.com
Footnotes / references
[1]

Teradyne, Inc., is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Teradyne's high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.[2]

History

[edit]
Nick DeWolf, Teradyne co-founder, 1959
Logo of Teradyne used until 2014
Logo of Teradyne used until 2014

Teradyne was founded by Alex d'Arbeloff and Nick DeWolf, who were classmates at the Massachusetts Institute of Technology (MIT) in the late 1940s. The men founded Teradyne in 1960, and set up shop in rented space above Joe and Nemo's hotdog stand in downtown Boston. The name, Teradyne, was intended to represent a very forceful presence. 1,000,000,000,000 dynes = 10 meganewtons (2,248,089 pounds-force or 1,019,716 kilograms-force).

d'Arbeloff and DeWolf knew that testing electronic components in high-volume production would reach a bottleneck, unless the tasks performed by technicians and laboratory instruments could be automated. Their business plan involved a new breed of "industrial-grade" electronic test equipment, known for its technical performance, reliability and economic payback.

In 1961, d'Arbeloff and DeWolf sold their first product, a logic-controlled go/no-go diode tester, to Raytheon.

In the 1980s, Teradyne expanded its sub-assembly test business by acquiring Zehntel, a leading manufacturer of in-circuit board test systems. In 1987, the company introduced the first analog VLSI test system, the A500, which led the market in testing integrated devices that provided the interface between analog and digital data.

The 1990s brought more diversification. The company acquired Megatest Corporation, which expanded its Semiconductor Test group to include smaller and less expensive testers than had been currently available. Teradyne also became a market leader in high-end System-on-a-Chip (SoC) test with its Catalyst and Tiger test systems.[citation needed]

In 2000, Teradyne Connection Systems acquired Herco Technologies and Synthane-Taylor, and a year later they acquired circuit-board test and inspection leader, GenRad, and merged it into the Assembly Test Division. GenRad's Diagnostic Solutions, which made test equipment for the automotive manufacturing and service industries, became a separate product group for Teradyne.

In 2006, Teradyne sold its two Boston buildings and consolidated all of its Boston-area staff to its current site in North Reading, Massachusetts.

Teradyne grew its semiconductor test business with the addition of Nextest and Eagle Test Systems in 2008, serving the flash memory test market and high-volume analog test market, respectively. That same year, Teradyne entered the disk-drive test market with the internally developed Neptune product, which serves the data-intensive internet and computing storage markets.

In 2010, Teradyne celebrated its 50th anniversary. The following year, it acquired LitePoint Corporation, a leading provider of test instruments for use with wireless products, such as laptops PCs, tablets, home networking and cell phones. With the addition of LitePoint, Teradyne's product portfolio stretched from wafer test of semiconductor chips to system-level circuit boards to products ready for store shelves.

Upon d'Arbeloff's retirement, George Chamillard assumed the post of President and CEO. He was replaced at his retirement by former CFO Mike Bradley. Bradley retired in January 2014, and was in turn replaced by Semiconductor Test Division president Mark Jagiela.

Teradyne operates major facilities around the world, with headquarters in North Reading, Massachusetts.

Timeline

[edit]
Teradyne's tradeshow booth showcasing the company's flagship product that went on to launch the semiconductor ATE industry, circa 1964.

Timeline showing notable milestones, major acquisitions and key innovations.[3]

1960 - Teradyne founded in Boston, MA by Alex d'Arbeloff and Nick DeWolf.

1961 - First product, the D133 diode tester, sold by Raytheon Company.

1966 - Teradyne moves headquarters from the Summer street loft above Joe & Nemo's hot dog stand to 183 Essex Street, Boston.

1966 - Teradyne introduces the first computer controlled chip tester, the J259.

1969 - Teradyne launches Teradyne Dynamic Systems after acquiring Triangle Systems to develop digital semiconductor test systems in Chatsworth, CA.

1970 - Teradyne becomes a publicly owned company and is listed on the New York Stock Exchange (symbol TER), 420,000 shares are sold to the public.

1971 - Alex d'Arbeloff is named President of Teradyne.

1973 - Teradyne launches Teradyne Central in Chicago, IL to develop telecommunications test systems.

1973 - Teradyne introduces the world's first subscriber-line test system, 4TEL.

The UltraFLEX, automated test equipment designed and manufactured by Teradyne.

1979 - Teradyne passes $100 million in sales; A300 Analog LSI test system introduced.

1980 - Teradyne introduces the first combinational in-circuit/functional circuit board test system, the L200.

1981 - Teradyne announces the first VLSI test system with non-stop pattern generation, the J941.

1986 - Teradyne introduces the first analog VLSI test system, the A500.

1988 - Teradyne introduces the first PC-based circuit board tester to use spreadsheet programming, the Z1800-Series.

1990 - Teradyne launches company-wide Total Quality Management initiative.[citation needed]

1993 - Teradyne receives $63 million order from Deutsche Telekom for 4TEL telecommunications test systems, a record for the company.

1996 - Teradyne introduces the Spectrum 8800-Series Manufacturing Test Platform, the first VXI-based in-circuit tester.

1996 - Marlin Memory Test system introduced; the first system capable of simultaneous test and redundancy analysis of DRAMs.

Teradyne's headquarters in North Reading, Massachusetts.

1997 - Teradyne creates the J973, the first Structural to Functional test system with the ability to shift in real time.

1997 - Teradyne introduces Catalyst, the first System-On-A-Chip (SOC) test system.

1998 - Teradyne introduces the Integra J750, a test system for high volume test of low-cost devices.

2000 - Teradyne Japan Division announces a new generation of image sensor test systems, the IP-750.

2004 - Teradyne introduces the FLEX family of test systems, for high volume, high mix, complex SOC devices.

2006 - Teradyne moves headquarters to North Reading, MA.

2008 - Teradyne acquires Eagle Test Systems and Nextest Systems.

2011 - Teradyne acquires LitePoint to advance production testing for the development and manufacturing of wireless devices.

2015 - Teradyne acquires Danish company Universal Robots.[4]

2018 - Teradyne acquires Mobile Industrial Robots (MiR) and Energid to expand its Industrial Automation business to include Autonomous Mobile Robots and motion control and simulation software for robotics.

2019 - Teradyne acquires AutoGuide Mobile Robots.[5]

2023 - Teradyne acquires a 10% equity stake in Technoprobe[6]

Divisions

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The Semiconductor Test Division provides test equipment used by integrated circuit manufacturers to test logic, RF, analog, power, mixed-signal and memory devices. Teradyne manufactures five principal families of testers known as the "J750", "FLEX," "UltraFLEX," “Eagle” and “Magnum” series. These testers are used by semiconductor manufacturers to test and classify the individual devices ("dies") on a completed semiconductor wafer and then used again to retest the parts once they are enclosed in their final packaging.

The System Test Group builds testers for completed circuit boards (printed circuit boards/printed wiring boards) and hard drives. The division addresses next-level electronics production for consumer, communications, industrial and government customers. Major product families in the system test business include: TestStation, Spectrum Series, High-Speed Subsystem, Neptune, Saturn and Titan. Portions of this division were acquired when Teradyne purchased GenRad in 2002.

LitePoint, Teradyne's wireless test business, provides services for leading manufacturers of wireless modules and consumer electronics. Serving the rapidly growing wireless communications industry, LitePoint products are used by chipset and product designers along with their contract manufacturers. LitePoint's products include IQxel for connectivity test and IQxstream for cellular test.

Teradyne's industrial automation business is composed of Universal Robots, Mobile Industrial Robots, AutoGuide and Energid.

Universal Robots (UR) provides collaborative robots (cobots) that work side-by-side with production workers. UR cobots automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts. The cobots are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.

Mobile Industrial Robots (MiR) offers autonomous mobile robots for managing internal logistics (for payloads under 1,500 kg).[clarification needed] These robots are currently used in the transportation, healthcare, pharmaceutical, metal and plastics, fashion, technology and food industries.

AutoGuide Mobile Robots manufactures modular industrial mobile robots (for payloads up to 45,000 kg). These high-payload robots are used for assembly, material handling, warehousing and distribution operations across multiple industries.

Energid specializes in the control and simulation of complex robotic systems, and is used in the aerospace, agriculture, manufacturing, transportation, defense and medical industries.[citation needed]

References

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  1. ^ "U.S. SEC: Teradyne, Inc. Form 10-K". U.S. Securities and Exchange Commission. 22 February 2024.
  2. ^ "Teradyne, Inc. Company History". Funding Universe. Retrieved February 2, 2012.
  3. ^ "Teradyne, Inc. Company History". Funding Universe. Retrieved February 2, 2012.
  4. ^ Godske, Bjørn. "Universal Robots solgt for 1,9 mia. kroner" Ingeniøren, 13 May 2015. Accessed: 13 May 2015.
  5. ^ "Teradyne completes acquisition of AutoGuide Mobile Robots". Modern Materials Handling. 15 November 2019. Retrieved 7 October 2024.
  6. ^ "Teradyne and Technoprobe Announce Strategic Agreements to Drive Semiconductor Test Interface Innovation and Accelerate Growth". EQS-news.com. 7 November 2023. Retrieved 12 March 2024.
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  • Business data for Teradyne, Inc.:
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