Teradyne Has Plenty Of Staying Power

Teradyne benefits from a duopoly in automated test systems, with high customer stickiness and strong relationships with leading chipmakers like TSMC and Samsung. Growth opportunities stem from custom chip testing for hyperscalers and the global shift toward geographically diversified chip production, supporting long-term demand. Risks include high customer concentration, talent scarcity, and the cyclical nature of the semiconductor industry, which could impact revenue and margins.