Verigy Ltd was a

Cupertino, California Cupertino ( ) is a city in Santa Clara County, California, United States, directly west of San Jose on the western edge of the Santa Clara Valley with portions extending into the foothills of the Santa Cruz Mountains. The population was 57,8 ...

-based

semiconductor A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...

automatic test equipment Automatic test equipment or automated test equipment (ATE) is any apparatus that performs tests on a device, known as the device under test (DUT), equipment under test (EUT) or unit under test (UUT), using automation to quickly perform measurements ...

manufacturer. The company existed as a business within

Hewlett Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...

before it was spun off in 2006 as a standalone company. It was purchased by

Advantest is a Japanese leading manufacturer of automatic test equipment (ATE) for the semiconductor industry, and a manufacturer of measuring instruments used in the design, production and maintenance of electronic systems including fiber optic and w ...

in 2011.

History

Verigy was started by

, reported to

David Packard David Packard ( ; September 7, 1912 – March 26, 1996) was an American electrical engineer and co-founder, with Bill Hewlett, of Hewlett-Packard (1939), serving as president (1947–64), CEO (1964–68), and chairman of the board (1964–6 ...

in its early days, and was spun off from

Agilent Technologies Agilent Technologies, Inc. is an American life sciences company that provides instruments, software, services, and consumables for the entire laboratory workflow. Its global headquarters is located in Santa Clara, California. Agilent was establi ...

in 2006. The company went public on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

in June 2006. The CEO was Keith Barnes, who later became Chairman and CEO. The CFO was Bob Nikl. In 2011 Mr. Barnes moved to Chairman of the Board of Directors and Jorge Titinger became CEO and President. The company's NASDAQ symbol was VRGY. Verigy designs, develops, manufactures, sells and services advanced semiconductor test systems for the

flash memory Flash memory is an electronic non-volatile computer memory storage medium that can be electrically erased and reprogrammed. The two main types of flash memory, NOR flash and NAND flash, are named for the NOR and NAND logic gates. Both us ...

, high-speed memory and

system-on-chip A system on a chip or system-on-chip (SoC ; pl. ''SoCs'' ) is an integrated circuit that integrates most or all components of a computer or other electronic system. These components almost always include a central processing unit (CPU), memory ...

(SoC) markets. Verigy's products are used worldwide in design validation, characterization, and high-volume manufacturing test. The company began doing business as Verigy on June 1, 2006 with its global headquarters located in Singapore. On December 6, 2007, Verigy announced the acquisition of Inovys, a privately held company that provides stuff for design debug, failure analysis and yield acceleration for complex semiconductor devices and processes. On June 15, 2009, Verigy acquired Touchdown Technologies, a privately held company that designs, manufactures, and supports advanced

Microelectromechanical systems Microelectromechanical systems (MEMS), also written as micro-electro-mechanical systems (or microelectronic and microelectromechanical systems) and the related micromechatronics and microsystems constitute the technology of microscopic devices, ...

probe cards to support the wafer test needs of semiconductor manufacturers worldwide. On November 18, 2010, Verigy announced its intent to merge with LTX-Credence. On December 7, 2010, Advantest Japan made an all-cash offer for the company, announcing that it planned to acquire Verigy in March 2011, topping LTX-Credence's bid. On July 4, 2011, after two reviews of the transaction by the

Department of Justice A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice. The ministry or department is often headed by a minister of justice (minister for justice in a v ...

the company announced that Advantest Corporation (, ) completed its acquisition of Verigy in an all-cash deal valued at $1.100 billion. The resulting company was the largest manufacturer of

semiconductor test equipment Automatic test equipment or automated test equipment (ATE) is any apparatus that performs tests on a device, known as the device under test (DUT), equipment under test (EUT) or unit under test (UUT), using automation to quickly perform measurements ...

in the world. Trading of Verigy ordinary shares was suspended subsequently.

Products

The main test system platforms offered by Verigy were V101 for the low-cost IC market; V6000 for the flash and DRAM memory market; V93000 for the SoC/SiP market; and V93000 HSM for the high-speed memory market. In addition it offered software for design debug, failure analysis and yield acceleration.

Market listing and competition

Verigy announced its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

of 8.5 million shares of common stock on June 13, 2006, priced at $15.00 per share, and is listed on the

National Market under the ticker symbol VRGY. Agilent spun off the remaining Verigy stock to its shareholders in November 2006. Sale of its shares were suspended on its sale to Adventest in 2011. Verigy's principal competitors in the ATE business were

Teradyne Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Teradyne's high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. His ...

and its 2011 prospective merger partner, LTX-Credence

References

{{Reflist

External links

Verigy website
Equipment semiconductor companies Companies formerly listed on the Nasdaq Electronic test equipment manufacturers Electronics companies established in 2006 Electronics companies disestablished in 2011 2006 establishments in California 2011 disestablishments in California