Teradyne reported revenue of $827 million for the third quarter of 2022 of which $576 million was in Semiconductor Test, $116 million in System Test, $46 million in Wireless Test and $89 million in Industrial Automation (IA). This last category is the robotics business of Teradyne, and the CEO mentions some challenges for this market in a statement.
“We delivered revenue and earnings above the mid-point of our July outlook as some supply line constraints eased through the quarter enabling greater than expected shipments to memory, automotive and industrial semiconductor test customers,” said Teradyne CEO Mark Jagiela. “The short-term outlook in semiconductor test remains mixed with automotive and industrial demand relatively strong while muted compute and mobility demand persists. In industrial automation, slowing manufacturing activity and foreign exchange headwinds continue to impact our full year growth outlook.”
An important part of the robotics business is the newly combined company made up of Universal Robots and Mobile Industrial Robots (MiR) in Odense, Denmark. In a new headquarters it will accommodate up to 600 employees and will be the world’s largest hub for cobots and autonomous mobile robots (AMR). In 2021, both companies grew by more than 40 percent.