Teradyne sees strong Q2 results on steady chip-testing equipment demand

Semiconductor-testing equipment maker Teradyne forecast second-quarter profit and revenue above Wall Street estimates on Wednesday, helped by strong demand for its chip-testing equipment.

Shares of the company rose nearly 8% in extended trading.

The growing demand for memory and networking chips driven by increased appetite for artificial intelligence applications is benefiting semiconductor-testing equipment suppliers like Teradyne.