Teradyne (NYSE: TER), based in North Reading, Massachusetts in the United States, is a developer and supplier of automatic test equipment (ATE). The companys divisions Semiconductor Test and Systems Test Group, are organized by the products they develop and deliver. Teradynes high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. Teradyne was founded by Alex d’Arbeloff and Nick DeWolf, who were classmates at the Massachusetts Institute of Technology (MIT) in the late 1940s. The men founded Teradyne in 1960, and set up shop in rented space above Joe and Nemo’s hotdog stand in downtown Boston. The name, Teradyne, was intended to represent a very forceful presence. 1,000,000,000,000 dynes = 10 meganewtons (2,248,089 pounds-force or 1,019,716 kilograms-force). In 1961, they sold their first product, a diode tester, to Raytheon. Today, Teradyne operates major facilities in North Reading, Massachusetts; Agoura Hills, California; Tualatin, Oregon; Fridley, Minnesota, Buffalo Grove, Illinois, Teradyne Philippines, Teradyne Costa Rica and other locations worldwide.