Teradyne, Inc. announces an Equity Buyback for $2,000 million worth of its shares.
January 26, 2023 at 06:05 am EST
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Teradyne, Inc. (NasdaqGS:TER) announces a share repurchase program. Under the program, the company will repurchase up to $2,000 million worth of its shares. The repurchase program will expire when the company repurchased all shares authorized for repurchase under the share repurchase program, unless terminated earlier by company.
Teradyne, Inc. specializes in the development, manufacturing and marketing of automatic test equipments. Net sales break down by family of products as follows:
- semiconductor tester (72.4%);
- system testing solutions (13.1%): testers of integrated circuit, digital network cards, electronic modules, military and aerospace instruments, car diagnostic systems, etc.;
- industrial automation solutions (9%);
- wireless test solutions (5.5%): for mobiles devices and equipments manufacturers (smart phones, tablets, laptops, etc.).
Net sales break down by source of income into sales of products (86.2%) and services (13.8%; consulting, development, training and technical support services).
Net sales break down geographically as follows: the United States (10.3%), Taiwan (37.8%), China (14.9%), Korea (12.5%), Europe (6.6%), Japan (4.6%), Thailand (4.4%), Singapore (2.4%), Philippines (2.2%), Malaysia (1.8%) and other (2.5%).