Palo Alto, CA – Agilent Technologies says it has selected a name for its upcoming semiconductor test spin-off company. The new name, Verigy, will be used when the new company separates from Agilent, which is expected to occur later this year.
The company says the name is built from the Latin prefix “veri-” (true, genuine), relating it to the test business. The “-gy” suffix refers to “-logy”, as used in scientific disciplines such as biology and geology.
“Verigy is emerging from a powerful historical lineage, a direct line from both Hewlett-Packard’s standards of integrity and innovation and Agilent’s premier measurement business,” says Jack Trautman, president of Agilent’s Semiconductor Test Solutions business. “This name captures the spirit of our spin-off organization — proven, responsive, energetic, innovative.”
Last August, Agilent announced the plan to spin off its Semiconductor Test Solutions (STS) business, comprised of both the system-on-chip and system-in-package (SOC/SIP) and memory test market areas. STS will become a new automated test company focused on technology and innovation in semiconductor test. The spin-off is expected to take place as soon as practical in 2006, after first carving out the STS business from Agilent.
Agilent says its target is to complete an initial public offering of Verigy near mid-2006, and to complete the spin-off of Verigy by the end of October 2006.