Advantest Corporation

Every advanced chip gets tested before it ships, and Advantest makes the machines that do it. The Tokyo company is one of two dominant makers of semiconductor automatic test equipment, the systems that check whether memory, processors and system-on-chip parts actually work at speed before they go into phones, servers and cars. Its fortunes ride the chip cycle, and lately on artificial intelligence: testing the complex AI accelerators and high-bandwidth memory behind data-center demand requires more and longer test time, which sells more of Advantest's gear. It competes chiefly with the American firm Teradyne, and the two split most of the market between them. Because testers are bought when chipmakers expand capacity, orders swing sharply with industry spending. Advantest also sells measuring instruments for electronics design. For investors it is a focused, high-margin way to ride semiconductor volume without betting on any single chipmaker.

On MyRWA, ADVANTEST trades tokenized across 3 on-chain venues - see the listings below.