Trio-Tech International (TRT) saw a decrease of 7.24% in the aftermarket because the company closed the facility in compliance with the Tianjin City Government’s Business Closure lockdown. However, the last trading session closed at $6.9 with a decrease of 12.44%.
Closure of Facility – Why is that so?
TRT announced on 19th January 2022 that it has closed its facility temporarily in order to comply with the Tianjin City Government’s Business Closure lockdown. Trio-Tech is worried about the spread of COVID-19 and has put in place strict health and safety procedures throughout the operations. Moreover, Trio-Tech prioritizes the health & wellbeing of all of the workers, customers, suppliers, and the Tianjin community as a whole. The company will aggressively address this shutdown and engage with the customers and suppliers to manage and minimize the impact. Lastly, the company wants to restart activities as soon as the local administration permits business reopening.
Burn-In and Systems Level Testing – What’s the update?
On 6th December 2021, TRT announced that it has formed a joint venture with a Chinese firm based in Suzhou, China, that specializes in System Level Testing (SLT). Testing and burn-in services are used in computer and automotive electronics, and they will be provided by the new joint venture business. In addition, the new joint venture firm is now being established by Trio-Tech and the other party to the joint venture agreement.
Furthermore, SLT enables the possibility to evaluate the performance of semiconductor components, or several components, in their packed state. Lastly, it varies from structural and functional testing of semiconductor components in that it includes an assessment of the components’ performance when evaluated as integrated systems and setups.
What’s Next?
This new strategic partnership will run a facility in Suzhou, China, just a few kilometers from the existing facilities, with a staff that specializes in burn-in testing and SLT for sophisticated semiconductor devices and assemblies. Furthermore, the Chinese company’s technical competence and clout, combined with the burn-in experience, will provide the company a major competitive advantage in offering SLT and burn-in testing services for integrated semiconductor assemblies in the fast-rising electric vehicle market.
About TRT
Trio-Tech International was founded in 1958 and is headquartered in Van Nuys, California, with a regional office in Singapore. Not only this but Trio-Tech International is a multi-faceted corporation with interests in semiconductor testing, semiconductor testing equipment production and marketing, and real estate. Last but not the least, China’s Tianjin, Suzhou, and Chongqing, as well as Malaysia’s Kuala Lumpur and Thailand’s Bangkok, are among the subsidiary sites.
