Complete List of All AI Companies Under $2 Billion Market Cap

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7. Cohu, Inc. (NASDAQ:COHU)

Market Capitalization: $1.17 Billion

Number of Hedge Fund Holders: 10

Cohu, Inc. (NASDAQ:COHU) supplies semiconductor test equipment and services globally, including in China, the U.S., Taiwan, Malaysia, and the Philippines. Its offerings include test handlers, MEMS test modules, thermal subsystems, and automated test equipment for wafer-level and package testing. The company also provides DI-Core, a data analytics software suite for real-time performance monitoring and process control.

In December 2024, Cohu (NASDAQ:COHU) announced an agreement to acquire Tignis, Inc., a company specializing in AI-driven process control and analytics software. The acquisition allows Cohu to strengthen its analytics capabilities and tap into the $2.6 billion semiconductor process control market, targeted by Tignis’ PAICe Monitor and PAICe Maker solutions. These innovative tools use AI, machine learning, and data science to offer predictive and prescriptive automation for semiconductor manufacturing.

Tignis will also help strengthen the company’s expertise in data science and improve its DI-Core software. PAICe Monitor uses AI for anomaly detection and predictive maintenance, while PAICe Maker automatically adjusts manufacturing processes to reduce variability and maintenance costs. The acquisition, funded with cash on hand, is set to close in January 2025.

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