Benzinga | Jul 19, 2021 09:22AM EDT

Aehr Bags $10.8M Order From Chief Silicon Carbide Test And Burn-In Customer

* Semiconductor equipment supplier Aehr Test Systems (NASDAQ:AEHR) won a $10.8 million single purchase order from its lead silicon carbide test and burn-in customer for multiple FOX-XP systems and complete sets of WaferPak Contactors to meet their increased production capacity needs.

* This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market. These FOX systems and WaferPaks are likely to ship within the next six months.

* The follow-on orders for additional FOX-XP systems and WaferPaks reflect electric vehicle semiconductor test and burn-in demand.

* Price action: AEHR shares traded higher by 42.9% at $4.86 in the premarket session on the last check Monday.