By Sarina Isaacs
Shares of Teradyne plunged after the company said it inked a deal to buy photonic-integrated-circuit testing company Quantifi Photonics.
The stock was down about 19% to $85.54 in mid-morning trading. Shares are now down over 30% since the start of the year.
Teradyne, which makes automated test equipment and advanced robotics systems, agreed to acquire privately held Quantifi Photonics. Terms of the transaction weren't disclosed.
The North Reading, Mass.-based company said the acquisition would allow it to deliver scalable photonic-IC testing technology to enable support of AI workloads in the high-performance computer market.
"The extraordinary growth and complexity driven by Cloud AI will require optical interconnect solutions to support the bandwidth and reduce the power required for next-generation networks," said Teradyne Chief Executive Greg Smith.
The deal is expected to close in the second quarter.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
March 11, 2025 10:40 ET (14:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。