Why is Teradyne so central to the high-technology industry?
If you look at technology as an industry, and information technology as a subset, it represents maybe 5 to 8 percent of the world s GDP. And yet the industry has been responsible for something like two-thirds of the productivity gain over the last five years. Now, if you look at how the test- equipment industry fits in, the fact is, we enable that technology to be delivered. You ve got to design the part, build the part, and test the part. Testing is a crucial part of the process. What s the edge Teradyne has over its competitors? Today, we have about a third of the world s test-equipment business for semiconductors. That gain has come from the ability of Teradyne s engineers to invent solutions, identify markets, align their products with the customer s needs very well in fact, better than our competitors. One way we do this is by having a culture that lets very creative, talented people do their jobs better than the other guys. The culture at Teradyne encourages taking risks, and tri
