Teradyne Strengthens Board with Election of Two New Independent Directors

NORTH READING, Mass. – June 26, 2025 – Teradyne, Inc. (NASDAQ: TER), a leading global supplier of automatic test equipment and robotics, today announced a significant enhancement to its corporate governance with the election of two highly accomplished independent directors to its Board of Directors. Drew Henry, Executive Vice President of Strategy & Ecosystem at Arm Holdings, and Dr. Necip Sayiner, former President and CEO of Intersil Corporation, are set to join the Teradyne Board effective July 1, 2025. This strategic move is expected to bring a wealth of industry expertise and leadership experience to Teradyne's strategic decision-making processes.

Strategic Appointments to Key Committees

Mr. Henry's appointment includes roles on the Board's Compensation Committee and the Nominating and Corporate Governance Committee. His extensive background in technology strategy and ecosystem development at Arm Holdings, a pivotal player in the semiconductor intellectual property market, is anticipated to provide invaluable insights into executive compensation structures and best practices in corporate governance. His experience in navigating complex technological landscapes and fostering strategic partnerships will be crucial as Teradyne continues to evolve its product offerings and market reach.

Dr. Sayiner, a seasoned executive with a distinguished career in the semiconductor industry, brings a deep understanding of operational excellence and market expansion. His tenure as President and CEO of Intersil Corporation, a leading provider of power management and precision analog solutions, saw significant growth and strategic development. While the original announcement did not specify his committee assignments, his expertise is expected to bolster the Board's oversight of Teradyne's operational efficiency, technological innovation, and market penetration strategies. The addition of Dr. Sayiner, with his proven track record of leading and transforming technology companies, underscores Teradyne's commitment to maintaining its competitive edge in a rapidly changing global market.

Market Context and Implications

The election of these two independent directors comes at a critical juncture for Teradyne and the broader semiconductor and robotics industries. The demand for advanced automatic test equipment (ATE) continues to be driven by the proliferation of complex semiconductor devices, particularly in areas like artificial intelligence, 5G, and automotive electronics. Simultaneously, Teradyne's industrial automation segment, anchored by Universal Robots and MiR, is experiencing robust growth as companies increasingly adopt automation solutions to enhance productivity and efficiency.

These appointments signal Teradyne's proactive approach to strengthening its leadership and strategic vision. Independent directors are crucial for providing objective oversight, challenging management decisions, and ensuring that the company's long-term interests align with shareholder value. The diverse backgrounds of Mr. Henry and Dr. Sayiner, spanning semiconductor IP, analog solutions, and strategic ecosystem development, will offer a holistic perspective on market trends, technological advancements, and potential growth avenues.

Investment Insights for Shareholders

For investors, the addition of highly qualified independent directors is generally viewed as a positive indicator of strong corporate governance and a commitment to strategic growth. This move could enhance investor confidence by demonstrating the Board's dedication to bringing in external expertise to guide the company through future challenges and opportunities. Shareholders should monitor how these new appointments influence Teradyne's strategic direction, particularly in areas of R&D investment, market expansion, and capital allocation.

While the immediate financial impact may not be quantifiable, the long-term benefits of enhanced strategic oversight and industry insights can contribute to sustainable growth and improved shareholder returns. Investors should consider this development in the context of Teradyne's overall financial performance, market position, and future outlook. The company's ability to attract such high-caliber individuals to its Board reinforces its standing as a significant player in the technology sector.

Teradyne's strategic decision to expand its Board with these distinguished professionals underscores its commitment to robust corporate governance and its proactive approach to navigating the complexities of the global technology landscape. This move is expected to fortify the company's strategic planning and contribute to its continued success in the automatic test equipment and robotics markets.