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Company type | Public |
---|---|
Industry | Semiconductor Equipment & Materials |
Headquarters | , |
Key people | Lavi A. Lev |
Number of employees | 1,324 [1] |
Website | www.ltxc.com |
Footnotes /references Datasource: ZenoBank [1] |
Credence Systems Corporation was a manufacturer of test equipment for the global semiconductor industry, with a major focus on solving specific challenges facing the fast-growing consumer-driven semiconductor markets. It was headquartered in Milpitas, California and merged with LTX in 2008.
Customers included integrated device manufacturers (IDMs), wafer foundries, outsource assembly and test (OSAT) suppliers and fabless chip companies.
Founded in 1978 by David Mees as Semiconductor Test Solutions, the company changed its name to Credence after acquiring Axiom and ASIX in 1990. The company's initial public offering was completed on October 28, 1993. It was publicly traded on the Nasdaq stock market under the symbol CMOS.
In November 2002, Credence Systems acquired Mountain View, California-based startup Optonics, which made failure analysis systems. [2]
In February 2004, Credence Systems acquired semiconductor-testing company NPTest Holding Corp. in a stock-and-cash deal valued at about $660 million. [3] NPTest was previously part of Fairchild Semiconductor, acquired by Schlumberger in 1979, and was spun off as NPTest Holding in 2003. [4]
On June 22, 2008 competitor LTX signed a merger agreement with Credence Systems Corporation: LTX CEO and President David Tacelli became CEO of the merged company. [5]
On August 29, 2008 LTX and Credence Systems Corporation complete merger to form LTX-Credence Corporation (NASDAQ: LTXC). [3]
On November 18, 2010, Verigy and LTXC agreed on a merger/acquisition operation, the new company will be operated under Verigy name.
On March 27, 2011, the merger agreement with Verigy was terminated as Verigy accepted a merger offer from Advantest. LTXC decided to remain a stand-alone company. [6]
Over the years Credence either produced or acquired many product lines including:
Before its merger Credence System’s remaining principal competitors in the ATE business (besides LTX) were:
On November 1, 2001, Integrated Measurement Systems, Inc. (IMS) was acquired by Credence Systems Corporation.
Schlumberger NV, doing business as SLB, also known as Schlumberger Limited, is an oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
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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.
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KLA Corporation is an American capital equipment company based in Milpitas, California. It supplies process control and yield management systems for the semiconductor industry and other related nanoelectronics industries. The company's products and services are intended for all phases of wafer, reticle, integrated circuit (IC) and packaging production, from research and development to final volume manufacturing.
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Xcerra Corporation was an American semiconductor Automatic Test Equipment (ATE) vendor, founded in 1976 in (co-founder) Sol Max's basement, later moving to the Balco building in Newton & GTE building 3 in Needham, then the KLH building on University Ave. in Westwood and currently headquartered on University Ave. in Norwood, Massachusetts.
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pSemi, is a San Diego-based manufacturer of high-performance RF CMOS integrated circuits. A Murata Manufacturing company since December 2014, the company's products are used in aerospace and defense, broadband, industrial, mobile wireless device, test and measurement equipment and wireless infrastructure markets. Their UltraCMOS technology is a proprietary implementation of silicon on sapphire (SOS) and silicon on insulator (SOI) substrates that enables high levels of monolithic integration.
LSI Logic Corporation, was an American company founded in Santa Clara, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.
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