With the growing adoption of advanced electronic devices worldwide, the demand for chip-testing has also increased greatly as it seeks to achieve precision in integrated circuit designs. Chip-testing is required across various consumer electronic devices such as smartphones, smartwatches, and tablets. Moreover, major breakthroughs in cloud computing, Internet of Things (IoT) technologies, and artificial intelligence (AI) should further increase the demand for chip testing. According to a report by Allied Market Research, the global outsourced semiconductor assembly and the testing market is expected to reach $52.93 billion by 2030, growing at a CAGR of 4.9%. As a result, both Keysight Technologies, Inc. (KEYS) and Teradyne, Inc. (TER) should benefit.
KEYS provides electronic design and test solutions to networking, automotive, semiconductor, and electronic industries in the Americas, Europe, and the Asia Pacific. The company sells its products through a direct sales force, distributors, resellers, and manufacturer's representatives. TER designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments.
