What's Going On With Aehr Test Systems Shares Monday?

Aehr Test Systems AEHR stock is trading higher on Monday after the company announced that it secured a $10 million order for artificial intelligence semiconductor testing equipment.

The Details: The $10 million order includes multiple high-power FOX-XP wafer-level test and burn-in systems, as well as several sets of Aehr’s proprietary WaferPak Contactors.

This technology allows customers to perform production wafer-level burn-in for AI processors. It helps reduce costs and improve yields by identifying early life failures during production while the devices are still in wafer form, prior to assembly into modules or systems.

“This marks a technology and commercial breakthrough for Aehr as it significantly expands the market opportunities for our FOX-XP wafer level test and burn-in systems,” said Gayn Erickson, CEO of Aehr.

The first FOX-XP wafter system is scheduled to ship immediately, with the remaining systems and initial WaferPaks set to be delivered within 90 days.

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AEHR Price Action: At the time of publication, Aehr stock is trading 20.9% higher at $13.94 , according to data from Benzinga Pro.

Image: 5475664 from Pixabay.