Semiconductor testing company Teradyne recently confirmed to Reuters that it had to pull $1 billion of equipment out of China because of supply chain disruptions.
Teradyne manufactures automated testing equipment that plays an important role in chip fabs around the world.
“We did manufacturing in China, so we had to get an emergency authorization to continue that activity,” Brian Amero, the company’s global director of compliance, is quoted by Reuters as saying. “We decided that was too risky so we moved manufacturing out of China — at no insignificant expense.”
