inTEST Corporation

inTEST Corporation

inTEST Corporation was founded in 1956 and is headquartered in Mount Laurel, New Jersey. Scott D. Graeff has served as President and CEO since April 2019, succeeding predecessors who built the company from a small test-equipment supplier into a publicly traded firm (NYSE: INTT). The company's capital is generated by its operating business, manufacturing thermal subsystems for automated test equipment used by semiconductor fabs and electronics manufacturers. The firm's strategy centers on three divisions: Thermal Products (temperature forcing systems and thermal platforms), Mechanical Products (vibration isolation and wafer-level testing), and Services. It targets the semiconductor and industrial electronics value chain, supplying customers like leading chipmakers and equipment OEMs. Its product lines include the Temptronic and Sigma Systems brands. Geographic revenue is split across North America, Europe, and Asia, with a notable presence in China (per public filings, 2024). The company operates as a publicly traded corporation, not a private holding or family office structure. inTEST employs a global workforce spread across Mount Laurel and facilities in Massachusetts, New York, Germany, and China (per the firm's annual report, 2023). A recent operational event: May 2024, inTEST announced its acquisition of Semiconductor Test Solutions for a deal valued at $12.9M, expanding its mechanical testing offering (per the firm, May 2024). What distinguishes inTEST is its narrow niche: it is a pure-play supplier of temperature control and mechanical handling hardware for semiconductor testing, a segment with high technical barriers and limited competitors. The firm's structure is that of a public company with a market capitalization typical for a small-cap industrial, not a single-family office. It does not manage external capital or retain a large investment operation separate from its manufacturing business.