Cascade Microtech

Cascade Microtech is a semiconductor test equipment manufacturer based in Beaverton in the Portland metropolitan area of the United States.

In the early 1980s, Eric W. Strid and K. Reed Gleason, employees at Tektronix (Tek), attempted to get their bosses to make a microwave wafer probe for testing microchips.

[5] The company raised additional $10 million in capital in 2000 by selling equity to Teachers Insurance and Annuity Association.

[9] By 2001, Cascade had signed on to move into a new headquarters in Hillsboro's AmberGlen Business Center[10] where they occupied 100,000 square feet (9,300 m2) by 2004.

[12] After years of delay, Cascade Microtech filed for an IPO with the United States Securities & Exchange Commission in March 2004, hoping to raise $85 million.

[13][14] The company employed 243 and had revenues of $50.6 million when they filed for the IPO, and major customers included Intel and Infineon.

[15] On December 15, 2004, the company started trading on the NASDAQ market, with an initial price of $14 per share under the ticker symbol CSCD.

[1] In October 2013, the company bought ATT Advanced Temperature Test Systems in a cash and stock deal valued at $27.7 million.

The two companies won the 2017 National Instruments Engineering Impact Award in the electronics and semiconductor division for their development in which they titled "Probing of Large-Array, Fine-Pitch Microbumps for 3D ICs".

Former company headquarters in Hillsboro
A probe station manufactured by Cascade