Why Aehr Test Systems Shares Are Trading Higher Today

Aehr Test Systems AEHR shares are trading higher on Tuesday after the company announced it received a volume production order for WaferPak full wafer Contactors from a major silicon carbide semiconductor customer.

This customer has purchased Aehr's FOX multi-wafer test and burn-in systems for silicon carbide wafers for devices such as electric vehicle drive unit inverters, electric vehicle chargers, and other devices for use in industrial and photovoltaic inverter applications. The new WaferPak AutoAligner will begin shipments in Aehr's current fiscal quarter.

"We are excited to receive this order reflecting initial WaferPak purchases from this customer for use in volume production of devices to meet the incredible demand for silicon carbide power semiconductors used in power conversion applications for electric vehicles. We believe that this customer will purchase a large number of our FOX-XP systems to meet their publicly announced significant increase in planned capacity and revenue growth over the next several years and through the end of the decade,” Gayn Erickson, President and CEO of Aehr Test Systems, commented.

Aehr Test Systems is a worldwide supplier of semiconductor test and reliability qualification equipment.

AEHR Price Action: Aehr Test Systems has a 52-week high of $37.57 and a 52-week low of $6.74.

Aehr Test Systems shares are up 10.6% at $35.40 at the time of writing, according to Benzinga Pro.