Advantest Awarded 2024 Porter Prize

TOKYO, Japan—Oct. 25, 2024—Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) today announced that it has been awarded the 2024 Porter Prize, sponsored by the Department of International Corporate Strategy at the Hitotsubashi Business School, which recognizes Japanese companies that have achieved superior profitability by implementing unique and innovative strategies.

With this award, Advantest has been honored for its success in establishing strong relationships with semiconductor companies developing leading-edge technology. The company has also been recognized for its long-standing commitment to research and development (R&D), which has advanced the modularization of semiconductor test equipment. The company's commitment to R&D has resulted in scalable, highly compatible test solutions that effectively manage complexity and provide support for customization. The Porter Prize judges also highlighted that Advantest has contributed globally to the semiconductor value chain through the smooth integration of cross-regional mergers and acquisitions and an internal collaboration system that cuts across regional and departmental boundaries.

The company has also contributed to improving test accuracy and test efficiency by providing customers with one-stop test solutions in the form of test cells that integrate semiconductor testers, handlers, and peripherals.

Additionally, Advantest has introduced product-specific marginal profit rate management and ROIC management at the business division level, localized and delegated authority to the heads of overseas subsidiaries, created global teams for internal functions, and organized multinational management meetings.

The award ceremony will be held at the 2024 Porter Prize Competitiveness Conference, scheduled for December 9, 2024, at Hitotsubashi Hall.

In line with Advantest’s commitment to “be the most trusted and valued test solution company in the semiconductor value chain,” the company will continue to seek innovative ways to contribute to global sustainability and corporate value growth over the medium to long term.

The Porter Prize was established in 2001 to bestow recognition on Japanese companies that have achieved and maintained superior profitability in a particular industry by implementing unique strategies based on innovations in products, processes, and management methods. The prize is named for Professor Emeritus Michael E. Porter of Harvard University, a leading authority on competitive strategy who has had a long-standing interest in Japanese companies. More information is available at https://www.porterprize.org/english/index.html.

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, high-performance computing (HPC), including artificial intelligence (AI) and machine learning, and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges and applications; develops advanced test-interface solutions for wafer sort and final test; produces scanning electron microscopes essential to photomask manufacturing; and offers system-level test solutions and other test-related accessories. Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at www.advantest.com/en/.