Teradyne, Inc. (TER)

From Chip Test Machines to AI Infrastructure Engine

Teradyne is not a new company — it has been operating since the 1960s as a supplier of Automated Test Equipment (ATE) for semiconductors. But in 2025-2026, Teradyne's story has changed dramatically. The company is now clearly bifurcating into two core businesses: Semiconductor Test (~79% of total revenue) and Robotics (~10% of total revenue, operating under the 'Teradyne Robotics' brand).

Semiconductor Test — The Core Engine, Now AI-Driven

This division tests chips for iPhones, AI servers, and automotive applications. What stands out is that roughly 70% of the company's TOTAL revenue is now directly tied to AI demand — not just 'exposed to' AI, but actively driven by it. Teradyne describes its strategy as 'wafer-to-AI-data-center' — meaning they test chips from the wafer stage all the way through memory components (HBM, DRAM) and storage (HDD, SSD) that go into AI data centers. In Q1 2026, the AI chip-test business crossed the $1 billion mark in a single quarter for the first time — a clear signal of how large the demand shift toward AI compute and memory testing has become.

Robotics — Small But Strategic

Teradyne's robotics division (Universal Robots — collaborative robots/cobots, and MiR — Mobile Industrial Robots) is still small in revenue terms (~10%) but is a key focus of long-term investment. Notable developments:

• Wixom, Michigan — a new Operations Hub for Universal Robots cobot manufacturing opens in 2026, part of the broader US reshoring trend
• Expanded Flex partnership (April 2026) — the 20-year manufacturing relationship with Flex now also includes Flex deploying Teradyne Robotics' own solutions, not just Flex manufacturing for Teradyne
• Automate 2026 — Teradyne Robotics launched its first 'physical AI' product, the MiR1200 Pallet Jack — a move deeper into the broader industrial autonomous-robotics space

Leadership

Teradyne is led by CEO Gregory Smith. As a large, widely-held US public company (not family-controlled), corporate governance follows a standard board structure without the related-party-transaction concerns often seen in smaller Bursa Malaysia companies.

Shariah Compliance Status

✅ Per the Zoya US stock reference, Teradyne (TER) is confirmed SHARIAH COMPLIANT. Its core businesses — semiconductor test equipment and industrial robotics — do not involve non-compliant activities such as interest-based finance, gambling, or prohibited products.

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