AEHR
Aehr Test Systems
Aehr Test Systems
$AEHR reports minimal impact from closure of Silicon Valley Bank
Aehr Test Systems, a semiconductor test and reliability equipment provider, confirmed that it has no stake in Silicon Valley Bank which recently shut down. The company has a checking account balance of less than $2.5 million, which is just 6% of its total cash and short-term liquid assets. Additionally, Aehr Test Systems has over $39.3 million in another financial institution, with over $9.7 million in cash and $29.6 million in short-term US Treasury bonds. The company has no outstanding balance on its line of credit with SVB and does not foresee any impact on its operations, customers, vendors, or employees due to the closure. Gayn Erickson, CEO of Aehr, confirms that the necessary steps are being taken to continue business as usual.
12d ago
$AEHR