11 AI News Updates Investors Should Not Miss

5. Teradyne Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 61

Teradyne Inc. (NASDAQ:TER) is a technology company that designs, develops, and manufactures automated test equipment and advanced robotics systems, with a focus on semiconductor testing and industrial automation technologies. Its ATE solutions are crucial for ensuring the quality and performance of AI chips, which have complex architectures and require stringent testing. The company confirmed on March 11 that it had entered into an agreement to acquire privately held Quantifi Photonics.

The acquisition of Quantifi Photonics, a leader in photonic IC testing, should allow Teradyne to deliver scalable photonic integrated circuit POC test solutions. The integration focuses on using optical connectivity solutions to meet Cloud AI applications’ increasing bandwidth and power demands.

“The extraordinary growth and complexity driven by Cloud AI will require optical interconnect solutions to support the bandwidth and reduce the power required for next-generation networks,” said Teradyne CEO, Greg Smith. “We are thrilled to welcome the Quantifi Photonics team to Teradyne to accelerate the development of cost-effective, high-throughput test solutions for wafer-level, die/multi-die and co-packaged optical module testing.”