s & p 500 component industry electronic testing founded 1960 founder alex d arbeloff nick dewolf headquarters north reading massachusetts united states products automatic test equipment revenue us 1.4 billion 2011 1 number of employees 3 300 2011 website www.teradyne.com teradyne nyse ter based in north reading massachusetts in the united states is a developer and supplier of automatic test equipment ate . the company s divisions semiconductor test and systems test group are organized by the products they develop and deliver . teradyne s high profile customers include samsung qualcomm intel analog devices texas instruments and ibm . 2 contents 1 history 2 timeline 3 divisions 4 references history edit nick dewolf teradyne co founder 1959 teradyne was founded by alex d arbeloff and nick dewolf who were classmates at the massachusetts institute of technology mit in the late 1940s . the men founded teradyne in 1960 and set up shop in rented space above joe and nemo s hotdog stand in downtown boston . the name teradyne was intended to represent a very forceful presence . 1 000 000 000 000 dynes 10 meganewtons 2 248 089 pounds force or 1 019 716 kilograms force . in 1961 they sold their first product a diode tester to raytheon . today teradyne operates major facilities in north reading massachusetts ; agoura hills california ; tualatin oregon ; fridley minnesota buffalo grove illinois teradyne philippines teradyne costa rica and other locations worldwide . upon d arbeloff s retirement george chamillard assumed the post of president and ceo . he was replaced at his retirement by former cfo mike bradley . bradley retired in january 2014 and was in turn replaced by semiconductor test division president mark jagiela . 3 teradyne headquarters in north reading ma . in 2001 in an attempt to cut costs teradyne conducted layoffs within its workforce . this action was a response to the late 1990s tech boom collapse . 4 in 2006 teradyne sold its two boston buildings and consolidated all of its boston area staff to the north reading site . teradyne also sold off its tcs teradyne connection system in 2006 in order to gather cash and focus on its core business to compete with other growing competitors like advantest verigy and eagle test systems . in 2006 teradyne cut costs to gather cash and buy back some of its shares . in order to cut cost teradyne laid off a number of employees in the us and europe and now tries to relocate its main business unit to asia singapore and to outsource some of its business units . these steps were meant to increase profitability . in december 2007 teradyne announced intent to purchase nextest systems at a price of u.s. 20.00 per share . 5 this move was intended to allow the company to expand into the flash memory test market . 6 in september 2008 teradyne announced intent to purchase eagle test systems . this move was intended to allow the company to expand into the analog test market . teradyne completed the acquisition of eagle test systems on november 14 2008 . teradyne has obtained over 2 000 patents world wide primarily through its research & development divisions in massachusetts and california but sometimes through acquisitions of companies such as the aforementioned eagle test systems and the more recent litepoint . 7 timeline edit teradyne s tradeshow booth showcasing the company s flagship product that went on to launch the semiconductor ate industry circa 1964 . timeline showing notable milestones major acquisitions and key innovations . 8 1960 teradyne founded in boston ma by alex d arbeloff and nick dewolf . 1961 first product the d133 diode tester sold by raytheon company . 1966 teradyne moves headquarters from the summer street loft above joe & nemo s hot dog stand to 183 essex street boston . 1966 teradyne introduces the first computer controlled chip tester the j259 . 1969 teradyne launches teradyne dynamic systems after acquiring triangle systems to develop digital semiconductor test systems in chatsworth ca. 1970 teradyne becomes a publicly owned company and is listed on the new york stock exchange symbol ter 420 000 shares are sold to the public . 1971 alex d arbeloff is named president of teradyne . 1973 teradyne launches teradyne central in chicago il to develop telecommunications test systems . 1973 teradyne introduces the world s first subscriber line test system 4tel . the ultraflex a state of the art automated test equipment designed and manufactured by teradyne . 1979 teradyne passes 100 million in sales ; a300 analog lsi test system introduced . 1980 teradyne introduces the first combinational in circuit functional circuit board test system the l200 . 1981 teradyne announces the first vlsi test system with non stop pattern generation the j941 . 1986 teradyne introduces the first analog vlsi test system the a500 . 1988 teradyne introduces the first pc based circuit board tester to use spreadsheet programming the z1800 series . 1990 teradyne launches company wide total quality management initiative . 1993 teradyne receives 63 million order from deutsche telekom for 4tel telecommunications test systems a record for the company . 1996 teradyne introduces the spectrum 8800 series manufacturing test platform the first vxi based in circuit tester . 1996 marlin memory test system introduced ; the first system capable of simultaneous test and redundancy analysis of drams . teradyne s newest campus opened in north reading massachusetts . 1997 teradyne creates the j973 the first structural to functional test system with the ability to shift in real time . 1997 teradyne introduces catalyst the first system on a chip soc test system . 1998 teradyne introduces the integra j750 a test solution for high volume test of low cost devices . 2000 teradyne japan division announces a new generation of image sensor test systems the ip 750 . 2004 teradyne introduces the flex family of test systems providing test flexibility for high volume high mix complex soc devices . 2006 teradyne moves headquarters to north reading ma . 2008 teradyne acquires eagle test and nextest systems . 2010 teradyne celebrates its 50th anniversary . 2011 teradyne acquires litepoint to advance test solutions for the development and manufacturing of wireless devices . 2015 teradyne acquires danish company universal robots . 9 divisions edit the semiconductor test division manufactures test equipment used by integrated circuit manufacturers . as of 2006 teradyne manufactures three principal families of testers known as the j750 flex and ultraflex . these testers are used by semiconductor manufacturers to test and classify the individual devices dies on a completed semiconductor wafer and then used again to retest the parts once they are enclosed in their final packaging . ultraflex testers are capable of testing soc mixed signal system on a chip devices with more than 4000 pins and data rates extending beyond 10 ghz . portions of this division were acquired when teradyne purchased megatest . the assembly test division builds testers that test completed circuit boards printed circuit boards printed wiring boards and hard drives . portions of this division were acquired when teradyne purchased genrad in 2002 . vehicle test solutions previously a division of genrad based in manchester in the united kingdom sells customized diagnostic equipment to automobile manufacturers worldwide . on 16 february 2011 teradyne announced its intent to sell this division to spx corporation . 10 teradyne connection systems based in nashua new hampshire manufactures high density electronic connectors complete backplanes and systems packaging . on 10 october 2005 teradyne announced that this division was being sold to amphenol for about us 390 million in cash . 11 references edit wikimedia commons has media related to teradyne . http www.businesswire.com portal site teradyne ndmviewid news view & newsid 20090429006573 & newslang en teradyne inc. company history . funding universe . retrieved february 2 2012 . teradyne announces ceo succession . retrieved june 16 2014 . boston.internet slowdown prompts teradyne layoffs retrieved on june 2 2007 entry into a material definitive agreement financial statements and exhibits retrieved on december 25 2007 teradyne to buy nextest for 379 million retrieved on december 25 2007 teradyne inc. company history . funding universe . retrieved february 2 2012 . teradyne inc. company history . funding universe . retrieved february 2 2012 . godske bj rn . universal robots solgt for 1 9 mia . kroner ingeni ren 13 may 2015 . accessed 13 may 2015 . teradyne announces sales of automotive system test unit boston business journal teradyne selling tcs division to amphenol retrieved on may 30 2007 retrieved from https en.wikipedia.org w index.php title teradyne & oldid 703447977 categories companies listed on the new york stock exchangeelectronics companies of the united statescompanies based in massachusettsequipment semiconductor companieshidden categories pages using infobox company with unsupported parameterscommons category template with no category setcommons category without a link on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 5 february 2016 at 16 18 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view