Teradyne Establishes University Scholarship Program in China

SHANGHAI, China--(BUSINESS WIRE)--March 12, 2004--Teradyne, Inc. (NYSE:TER) announced the formation of several scholarship programs at premier universities in China. Engineering and science related majors attending Beijing University and Tsinghua University will benefit from the newly established Teradyne Scholarship Program. Teradyne is providing multiple scholarships at each school with university faculty selecting final award recipients. Scholarship recipients are determined by academic excellence. Teradyne's Scholarship program will be expanded to include other key universities in China and plans are underway to establish an industrial training program for graduating students. In addition to the scholarship program, Teradyne has been invited by the universities to host 'Testing Technology' lectures.

"Teradyne has a long standing commitment of contributing to higher education," said John Casey, Senior Vice President, Teradyne. "The Company sponsors several scholarship programs and this recent addition of the program in China is a testament to the important role of education in our corporate culture. The best foundation for an individual, business and industry to grow is through education. Teradyne values the important work and research of the students and is grateful for the opportunity to contribute to their success."

“The students attending China's premier engineering schools are part of an important community of future innovators. It is their talents that will support and sustain the rapid growth of the local semiconductor industry”

"The students attending China's premier engineering schools are part of an important community of future innovators. It is their talents that will support and sustain the rapid growth of the local semiconductor industry," said Hock Chiang, Managing Director, Teradyne Semiconductor Test Operations in China. "We are pleased to be able to contribute to their future as the students forge ahead and advance the science in our industry. Teradyne is honored to provide a corporate contribution back to China's universities."

About Teradyne

Teradyne (NYSE:TER) is the world's largest supplier of Automatic Test Equipment, and a leading supplier of interconnection systems. The company's products deliver competitive advantage to the world's leading semiconductor, electronics, automotive and network systems companies. In 2003, Teradyne had sales of $1.4 billion, and currently employs about 6100 people worldwide. For more information, visit www.teradyne.com. Teradyne is a trademark of Teradyne, Inc. in the US and other countries.