BOSTON--(BUSINESS WIRE)--April 27, 2004--Teradyne, Inc. (NYSE:TER) announced it has been recognized as a recipient of the Microchip Technology Inc. '2003 Supplier of the Year Award'. Microchip suppliers were evaluated on quality, competitive pricing, on-time delivery, technical support and responsiveness before and after sale. Teradyne supplies Microchip's operations in Arizona and Thailand with J750 and FLEX test systems for microcontroller and RF device test.

"Microchip is committed to becoming the worldwide supplier of choice in the microcontroller and analog semiconductor markets and our suppliers are an important part in helping us achieve our goals," said Ed Lindstrom, manager, supply management, Microchip Technology. "We feel it's important to recognize suppliers that have shown excellence in their quality and customer service efforts."

Doug Elder, general manager, Semiconductor Business Group, Teradyne said, "We're honored to receive a 'Supplier of the Year Award' from Microchip, a leading provider of microcontroller and analog semiconductors. Microchip was the first customer of the J750 test system, which revolutionized low cost testing. We look forward to continuing our relationship with Microchip as we strive to continuously improve test technology for the newest generation devices."

Teradyne's test systems are designed for high throughput to enable high productivity. The J750 delivers high-efficiency parallel test capability. The FLEX test system breaks the cost of test barrier and advances multiple test technologies with high-efficiency multi-site test to meet the demands of increasing complexity for an expanding range of devices.

About Microchip

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip web site at www.microchip.com. The Microchip name and logo are registered trademarks of Microchip Technology incorporate in the U.S.A and other countries.

About Teradyne

Teradyne (NYSE:TER) is a leading supplier of Automatic Test Equipment and 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.