Aehr Test Systems (NASDAQ:AEHR) Q1 2024 Earnings Call Transcript

Larry Chlebina: I thought you mentioned what market they’re in. So Obviously, Taiwan Semi would be serving AMD and NVIDIA. That’s why I was asking. I know you mentioned in the past that they’re interested, I would think it would come through Taiwan Semi. That’s why I was interested in that. So you kind of led me to my last question. As you say, the XP was developed initially for memory, the lack of the automation held it back. Now that it’s fully accepted and it’s in the marketplace, when are you going to get an evaluation tool to our big U.S. memory maker that’s planning on building several fabs in the U.S.

Gayn Erickson: As we’ve alluded to, and we are serious about it, we are actively pursuing the memory space again. We have had conversations and design reviews, not with everybody, but some of the folks that are candidly closer proximity, but not only on it, and that continues on, including with some meetings over the next few weeks. It’s a little awkward, but shareholders need to sort of understand. We actually have financial bonuses tied to every executive and its staff to get into memory. That includes me and every one of my staff members. They are multiyear plans, but we’re always getting in the memory. That has been my passion. That’s what the tester was originally designed for, and we’re not giving up.

Larry Chlebina: Well, you’re the memory guys. So you’re going to make it happen. So – great to see the progress. Hopefully, hopefully exceed your goals. It looks like it’s possible if everything comes together, so we’ll be paying attention.

Gayn Erickson: Thanks, Larry.

Larry Chlebina: Thank you, guys.

Gayn Erickson: Thank you.

Operator: The next question is a follow-up from Dylan Patel with SemiAnalysis. Please go ahead.

Dylan Patel: No question at this time, sorry. Mishmash the phone.

Gayn Erickson: That’s okay.

Operator: This concludes our question-and-answer session. I’d like to turn the conference back over to Gayn Erickson for any closing remarks.

Gayn Erickson: Thanks, operator. I really appreciate everybody for joining us on the call again and spending an hour with us. And as always, we make ourselves available as much as we can. I will tell you, we are traveling like crazy right now, but we’re trying our best to get to everybody. We do have our shareholders meeting on the 23rd that generally, like a lot of shareholders, they’re not that exciting or anything. But we do have them here. We will be here with executives to do Q&A, and we typically will throw a smock on you and walk you through the manufacturing area. So if you can, and want to join us, just give us a heads up and we’d love to meet you there. And with that, we’ll turn it back over and take care, we will all talk to you next quarter. Bye-bye.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.