Teradyne (TER): Multiply Labs Develops New Robotic Biomanufacturing Cluster

Teradyne, Inc. (NASDAQ:TER) is one of the 10 Best Semiconductor Stocks to Buy Right Now. On August 21, it was announced that Multiply Labs developed a new robotic biomanufacturing cluster, which achieves a 74% cost reduction for life-saving cell therapies. This breakthrough leverages collaborative robot arms from Universal Robots (UR), ensuring a transformation in how such complex treatments are produced. Notably, Universal Robots is part of Teradyne Robotics, which is a division of Teradyne, Inc. (NASDAQ:TER).

Notably, Teradyne, Inc. (NASDAQ:TER) saw revenue of $652 million for Q2 2025, of which $492 million was in Semiconductor Test, $75 million in Robotics, and $85 million in Product Test. With respect to Robotics, UR contributed $63 million, and MiR contributed $12 million. Also, the long-term drivers of AI and onshoring, and advanced robotics are intact.

Teradyne, Inc. (NASDAQ:TER)’s Semiconductor Test Group saw better-than-expected results in Q2 2025. System-on-a-Chip (SOC), mainly for AI applications, acted as the strongest growth driver. Furthermore, the visibility into the remainder of the year improved, while demand continues to strengthen in compute, networking and memory. Parnassus Investments, an investment management company, released its Q3 2024 investor letter. Here is what the fund said:

“Teradyne, Inc. (NASDAQ:TER), a supplier of automated test equipment for semiconductors, was affected by a broad sell-off in semiconductor-related stocks. We see some “green shoots” in demand and believe Teradyne is well positioned as artificial intelligence moves to smartphones and PCs.”

While we acknowledge the potential of TER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.