Teradyne, Inc. supplies automatic test equipment. The company designs, develops, manufactures, and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries. The company’s automatic test equipment products and services include semiconductor test (Semiconductor Test) systems; wireless test (Wireless Test) systems; and military/aerospace (Mil/Aero) test instrumentation and systems, storage test (Storage Test) systems, and circuit-board test and inspection (Commercial Board Test) systems (collectively these products represent ‘Systems Test Group). Segments The company has three segments: Semiconductor Test, Wireless Test, and Systems Test Group. The Semiconductor Test segment includes operations related to the design, manufacturing, and marketing of semiconductor test products and services. The Wireless Test segment includes operations related to the design, manufacturing, and marketing of wireless test products and services. The Systems Test Group segment includes operations related to the design, manufacturing, and marketing of products and services for military/aerospace instrumentation test, storage test and circuit-board test. Products Semiconductor Test The company designs, manufactures, sells, and supports semiconductor test products and services on a worldwide basis. The test systems the company provides are used both for wafer level and device package testing. These chips are used in automotive, industrial, communications, consumer, computer and electronic game applications. Semiconductor Test products and services are sold to integrated device manufacturers (IDMs) that integrate the fabrication of silicon wafers into their business, ‘Fabless’ companies that outsource the manufacturing of silicon wafers, ‘Foundries’ that cater to the processing and manufacturing of silicon wafers, and outsourced semiconductor assembly and test providers (OSATs) that provide test and assembly services for the final packaged devices to both Fabless companies and IDMs. The company’s J750 test system shares the IG-XL software environment with the family of FLEX Test Platform systems. The J750 is designed to address the highest volume semiconductor devices, such as microcontrollers that are central to the functionality of consumer electronics product, from small appliances to automotive engine controllers. The company extended the J750 platform technology to create the IP750 Image Sensor test system. The IP750 is focused on testing image sensor devices used in digital cameras and other imaging products. The J750 platform has an installed base of approximately 3,900 systems. The Magnum products address the requirements of mass production test of memory devices, such as flash memory and dynamic random access memory (DRAM). Flash and DRAM memory are widely used core building blocks in modern electronic products finding applications in consumer, industrial, and computing equipment. Magnum II is the newest member of the family. The Magnum platform has an installed base of approximately 1,300 systems. The company’s acquisition of Eagle Test in 2008 expanded its product offerings to include the ETS platform. The ETS platform is used by semiconductor manufacturers and assembly and test subcontractors, primarily in the low pin count analog/mixed signal discrete markets that cover more cost sensitive applications. Eagle Test’s proprietary SmartPin technology enables multiple semiconductor devices to be tested simultaneously, or in parallel, on an individual test system, permitting greater test throughput. Semiconductors tested by Eagle Test’s systems are incorporated into a range of products in markets, including digital cameras, MP3 players, cell phones, video/multimedia products, automotive electronics, computer peripherals, and notebook and desktop computers. The ETS platform has an installed base of approximately 2,900 systems. Wireless Test LitePoint designs, develops, and supports advanced wireless test solu