Semiconductor test equipment (ATE)

Teradyne

The US No.2 in ATE, in an oligopoly with Advantest (Advantest + Teradyne + Cohu ~55%). Recovered in 2024 on memory, SoC, computing and ADAS demand. Customers include Samsung, SK hynix, Micron, TSMC and NVIDIA.

TER Updated Jun 21, 2026 1 AI consumers

Money in ▸SK hynix●Revenue ~$2.8B Samsung Electronics●TSMC◐Micron Technology◐NVIDIA◐

Teradyne2024 revenue ~$2.8B

▸ Money outR&D·SW (비공개)○정밀 부품·인스트루먼트 (비공개)○

Financials & Segments

Total revenue · 2024 revenue ~$2.8B
Customer concentration · ATE oligopoly with Advantest; memory and SoC test.
Segments · Semiconductor test · Robotics

Revenue from

SK hynix High confidence· Revenue ~$2.8B · FY2024 · annual revenue
Supplies test equipment (ATE) to SK하이닉스.
Confirms KO Korea Economic Daily Published Feb 24, 2026: "Teradyne surges on the chip upturn."
Confirms EN SEC EDGAR Published Feb 26, 2025: "10-K: semiconductor-test revenue."
Confirms EN Teradyne Published Jan 1, 2025: "Memory, SoC and computing test."
Samsung Electronics High confidence
Supplies test equipment (ATE) to 삼성전자.
Confirms KO Korea Economic Daily Published Feb 24, 2026: "Teradyne surges on the chip upturn."
Confirms EN SEC EDGAR Published Feb 26, 2025: "10-K: semiconductor-test revenue."
Confirms EN Teradyne Published Jan 1, 2025: "Memory, SoC and computing test."
TSMC Medium confidence
Supplies test equipment (ATE) to TSMC.
Confirms KO Korea Economic Daily Published Feb 24, 2026: "Teradyne surges on the chip upturn."
Confirms EN SEC EDGAR Published Feb 26, 2025: "10-K: semiconductor-test revenue."
Confirms EN Teradyne Published Jan 1, 2025: "Memory, SoC and computing test."
Micron Technology Medium confidence
Supplies test equipment (ATE) to Micron Technology.
Confirms KO Korea Economic Daily Published Feb 24, 2026: "Teradyne surges on the chip upturn."
Confirms EN SEC EDGAR Published Feb 26, 2025: "10-K: semiconductor-test revenue."
Confirms EN Teradyne Published Jan 1, 2025: "Memory, SoC and computing test."
NVIDIA Medium confidence
Supplies test equipment (ATE) to NVIDIA.
Confirms KO Korea Economic Daily Published Feb 24, 2026: "Teradyne surges on the chip upturn."
Confirms EN SEC EDGAR Published Feb 26, 2025: "10-K: semiconductor-test revenue."
Confirms EN Teradyne Published Jan 1, 2025: "Memory, SoC and computing test."

Pays to

R&D·SW (비공개) Low confidence
Test software and algorithm R&D (undisclosed).
Mentions EN SEC EDGAR Published Feb 26, 2025: "R&D."
정밀 부품·인스트루먼트 (비공개) Low confidence
Precision parts and instruments for testers (undisclosed).
Mentions EN SEC EDGAR Published Feb 26, 2025: "Component costs."

Value-chain ripple (tiers 2–3)

Following node-to-node links up to 3 tiers; each firm is shown once, at its nearest tier.

Leading firms (revenue chain)

T1 SK hynix, TSMC, Micron Technology, Samsung Electronics, NVIDIA
T2 Alphabet (Google), AMD, Broadcom, Marvell, Apple, Meta Platforms, Amazon, Intel, Astera Labs, Qualcomm, Microsoft
T3 Arista Networks

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