Aehr Bags $2.9M Follow-On Order For FOX-XP System, Multiple WaferPak Contactors - Aehr Test Systems (NASDAQ:AEHR)

Semiconductor equipment supplier Aehr Test Systems AEHR won a $2.9 million follow-on order for a FOX-XP Wafer Level Test and Burn-in system and multiple WaferPak Contactors from its lead silicon carbide customer.
It will have to provide additional capacity for production test and burn-in of the customer's line of silicon carbide devices under the order.
This system is likely to ship during Aehr's current fiscal first quarter ending August 31, 2021.
The order reflects the customer's increased test capacity needs as they ramp to high volume wafer-level production test of silicon carbide modules for an EV application, Aehr Test Systems CEO Gayn Erickson said.
Aehr expects this customer, a Fortune 500 supplier of semiconductor devices, to order a significant number of FOX systems, WaferPaks, and related consumables following incredible EV growth.
Price action: AEHR shares traded higher by 5.06% at $2.49 in the premarket session on the last check Friday.