GCA becomes part of Houlihan Lokey


Transaction Details

July 30, 2020


Technology, Software, AI (Artificial Intelligence), Semiconductors and Electronics

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GCA Advises Advantest on Its Partnership with PDF Solutions

GCA is pleased to announce that our client, Advantest Corporation (“Advantest”) (TSE: 6857), a leading manufacturer of automated test equipment (“ATE”) for the semiconductor industry, has entered into a partnership with PDF Solutions, Inc. (“PDF”) (NASDAQ: PDFS), a leading provider of software-based data analytics solutions to the semiconductor industry.

This partnership includes (i) a development agreement whereby PDF will assist Advantest in the development of a software platform based on PDF’s Exensio software (“Advantest Cloud”) for both Advantest internal use as well as use by Advantest’s customers; (ii) a commercial agreement providing for the joint development and sale of technology solutions based on Advantest testing platforms and PDF’s Exensio analytics software technology; (iii) a 5-year subscription agreement for PDF’s Exensio software platform; and (iv) the purchase of 3.3 million PDF common shares for $65.2 million, representing 9.1% of PDF’s pro forma shares outstanding.

By combing PDF’s software analytics platform with Advantest’s advanced testing equipment, Advantest will be able to offer its customers a compelling technological solution to improve their manufacturing and economic efficiency, from design through system level test, to increase yield and reduce testing costs. Importantly, the partnership with PDF will enable Advantest to accelerate the delivery of mission-critical artificial intelligence-based test analytics to its customers years ahead of schedule.

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