Trio-Tech Secures $2.5 Million Order for Automotive Semiconductor Burn-in Services
Trio-Tech International has received a $2.5 million initial order for burn-in services from an integrated device manufacturer (IDM) serving global automotive clients. The program, utilizing advanced burn-in systems, will be phased in through 2026. The company plans to invest in capacity expansion and workforce training to meet automotive reliability standards, contributing to revenue growth. Despite a 27.6% revenue increase in the past year, Trio-Tech remains unprofitable with a gross margin of 19.7%. The order marks a strategic expansion into the automotive semiconductor reliability market.
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Trio-Tech International (NYSE MKT: TRT) announced an initial production order valued at approximately $2.5 million for burn-in services from an IDM supplying automotive semiconductor components. The program will utilize proprietary burn-in systems designed for high-reliability automotive applications and is set to expand in phases through 2026.
The company will invest in capacity growth and workforce training to enhance process controls for automotive standards. Despite a 27.6% revenue increase over the past year, reaching $49.2 million, the company remains unprofitable with a gross margin of 19.7%. The order signifies Trio-Tech's expansion into the automotive semiconductor reliability market, confirming its technical capabilities for automotive-grade requirements.
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