Advantest Completes Integration of Verigy's Global Operations into its Corporate Structure
Advantest Corporation (TSE: 6857, NYSE: ATE), today announces the successful completion of integration activities relating to its acquisition of Verigy Ltd. in July 2011. Operating as a wholly-owned subsidiary until today, all legal entities of the former ATE company have now been assimilated into the Advantest structure, enabling the global organization to move forward under a unified Advantest brand, with a singular mission to serve customers with products and services that set the standard for the industry.
The new, fully-integrated corporate structure now boasts the semiconductor test industry's most comprehensive set of test solutions for both memory and SOC device development and production, as well as the highest caliber of global application, field and sales engineering services. With financial strength and R&D centers worldwide-- Japan, U.S., Europe and China – to enable a rapid rate of innovation, Advantest is fully committed to continuing its long history of delivering products and technology that anticipate and outpace the market.
Furthermore, with sales and service operations in 18 countries and production facilities in Japan, Malaysia, South Korea, the U.S., Taiwan and China, Advantest is now better able to meet demands locally, and across its diverse, global customer base.
Today also marks the launch of Advantest's new ACT2014 program, a set of mid-term management goals for the company targeted at increased sales and operating margins, and a combined tester and handler market share of 50% or more. The entire Advantest Group will work as one to meet these mid-term goals by 2014. ACT2014 is designed to increase the company's competitiveness in the tester market with expanded tester-related businesses including device interface products and services, and a reach into new businesses, including nanotechnology, RF measurement instruments, terahertz spectroscopic imaging analysis systems, MEMS relay and healthcare applications. Through these efforts Advantest expects to achieve long-term growth and stability.
About Advantest Corporation
A world-class technology company, Advantest is the leading producer of automatic test equipment (ATE) for the semiconductor industry and a premier manufacturer of measuring instruments used in the design and production of electronic instruments and systems. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also focuses on R&D for emerging markets that benefit from advancements in nanotech and terahertz technologies, and has recently introduced multi-vision metrology scanning electron microscopes essential to photomask manufacturing, as well as a groundbreaking 3D imaging and analysis tool. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. More information is available at www.advantest.com.
Note: All information supplied in this release is correct at the time of publication, but is subject to change.
Satsuki Tsuruta, 11-81-3-3214-7500