Aehr Test Systems (NASDAQ: AEHR) has appointed Vijay Rao to its Board of Directors, effective October 28, 2026. Rao has 30 years of technology experience, including more than 13 years at Meta, where he most recently served as Vice President of Infrastructure, and earlier held leadership roles at AMD. CEO Gayn Erickson said his expertise in hyperscale data center infrastructure, including AI accelerators, high-performance memory and optical networking, will support the company's wafer-level and package-level test and burn-in solutions. Board Chairman Rhea Posedel said his insight into hyperscale infrastructure requirements will strengthen the board as it guides Aehr's long-term growth.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
semiconductorsMETAdata centerscorporate governance
Open a keyword to see other news on the same topic.
Related news
- What the New Class C Share Structure Actually Means for Meta Platforms Stock Investors
- Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
Meta says its board approved a new non-voting class of stock, Class C common stock, effective in January, to raise capital, pay employees and fund acquisitions including AI, while keeping the voting structure that gives CEO Mark Zuckerberg about 60% of the vote. The New York Times reports the new class also helps Zuckerberg pay a potential one-time 5% wealth tax under California’s proposed Proposition 40 without giving up voting control. According to Meta’s SEC filing, Zuckerberg discussed the billionaire tax with board members as far back as July, and the one-time stock dividend lets him sell or transfer up to 20% of the Class C shares he receives, representing 10% of his overall economic stake. Backers say the measure could raise as much as $100 billion over five years, mostly for healthcare.
- Meta Approves New Non-Voting Stock Class Worth Billions to Zuckerberg — But the Real Price Was an 8-Year Residency Cage
- How Meta struck a deal to keep Mark Zuckerberg in California despite looming billionaire tax
According to a new regulatory filing, Meta CEO Mark Zuckerberg considered leaving California over concerns that Proposition 40, a ballot measure imposing a one-time 5% tax on California billionaires' assets, could reduce his control of the company, and Meta's board struck a deal to keep him in the state. Zuckerberg holds roughly 60% of voting power despite owning about 13% of shares, because Class B shares carry 10 votes each. He earns an annual salary of $1, so most of his wealth, which exceeds $200 billion, is tied to his Meta stake, and selling Class B shares to pay the tax could reduce his voting majority. Under the deal, Meta will issue non-voting Class C stock starting in January, and Zuckerberg can sell or transfer up to 20% of it so his voting majority is preserved. He had also told the board in September that he planned to list his Palo Alto home for sale, and the filing stresses that his leadership and presence at headquarters are critical at this inflection point for the company and the tech industry.
- Meta's Board Convinced Zuckerberg to Stay in California Despite its Wealth Tax. Here's What he Was Offered.
Zuckerberg warned Meta that he could leave California if the state's proposed billionaire wealth tax passed, and said he was evaluating relocating his primary residence outside the state. The board responded by approving publicly listed Class C shares with no voting rights, allowing him to sell 20% of them without reducing voting control. In return, Zuckerberg agreed to remain a California resident, or live wherever Meta's headquarters is, for eight years, and his remaining shares face restrictions that ease over time, subject to his continued leadership. The measure on the November 3 ballot, Proposition 40, would impose a one-time 5% tax on billionaire wealth, which would be about $12.4 billion on his estimated $247 billion fortune. The new structure is scheduled to take effect on January 19, 2027.
- Meta Just Created a Stock Zuckerberg Can Sell Without Losing Control
On October 21, 2026, Meta's board approved a new publicly listed, non-voting Class C common stock, to be distributed as a one-time dividend of one Class C share for each Class A and Class B share. Mark Zuckerberg holds about 60.6% of the votes but only about 13.4% of the stock, and the structure lets him sell part of his stake without losing control. The class will be created when the amended charter takes effect on January 19, 2027, with trading expected in late January 2027, and Meta says it may use it for capital raising, employee pay and acquisitions, though it has no specific financing plans yet. The announcement comes as free cash flow was negative $2.12 billion and 2026 capex is guided at $135 billion to $145 billion. META rose 0.47% to $697.52 in the regular session and reached $712.61 after hours, up 2.16%, alongside revenue of $64.601 billion.
Related markets
Latest news
- Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
The Commerce Department reported that U.S. GDP grew at a seasonally adjusted annualized pace of 3.4% in the third quarter, above the 3.1% estimate and well up from 2.2% in the second quarter. Consumer spending rose 0.5%, slightly below the forecast of 0.6%, while personal income increased 0.2% against a forecast of 0.3%. The same day, the personal consumption expenditures (PCE) price index rose 0.5% in September from the prior month, lifting annual inflation to 3.6%; the monthly rate matched the Dow Jones consensus, while the annual rate was 0.1 percentage point below consensus. Core PCE, which excludes food and energy, rose 0.3% monthly and 3.1% annually, in line with consensus. A day earlier, the Fed held its benchmark rate in a 3.75%-4% range, and Chairman Kevin Warsh said officials want to assess incoming data before deciding their next move.
- Minister of Agriculture and Environment: No abuse of land recovery
Minister of Agriculture and Environment Trịnh Việt Hùng said land recovery under the draft amended Land Law must be strictly controlled, not abused, and not hinder project implementation. The draft shifts from compensating recovered assets to rebuilding people's lives, and requires each land plot to have a unique nationwide identifier. Land price tables and price adjustment coefficients issued by provincial People's Councils will apply from 1/1/2028, and the government proposes continuing the pilot for transferring land-use rights for commercial housing under Resolution 171/2024/QH15 rather than codifying it now. Nationwide there are about 105 million land plots, over 70 million with data and nearly 44 million connected, and the government has assigned the ministry to complete the land database in 2026.
- Microsoft seeks at least $25 billion in first bond sale since 2017
Microsoft is seeking at least $25 billion through a U.S. bond offering of 10 tranches with maturities from two to 40 years, returning to the investment-grade market for the first time in more than nine years. Its last high-grade issuance, in 2017, raised $17 billion, and proceeds will fund general corporate purposes such as capital expenditures, working capital, share repurchases, acquisitions and debt repayment. The sale follows a fiscal first-quarter earnings report showing strong cloud growth, as major technology companies increase spending on AI infrastructure. Initial price guidance ranges from 50 to 55 basis points over Treasuries for the two-year notes to 130 to 135 basis points for the 40-year bonds due 2066.
- One Magnificent Seven Stock Could Deliver Outsized Returns. Here's the Math
The 24/7 Wall St. model sets a 12-month price target of $421.17 for Alphabet (GOOG), implying 34.05% upside from a $314.19 baseline, with a 70% confidence score. Cloud revenue rose 82% to $24.8 billion in the second quarter, backlog reached $514 billion, and cloud operating margin widened from 20.7% to 35.6% over a year. Against that, capex doubled to $44.92 billion, pushing free cash flow to -$5.86 billion, long-term debt rose from $46.5 billion to $98.2 billion, buybacks were suspended, and a $40 billion at-the-market program raises dilution risk. Shares fell 6.58% over the past week and trade at about 13 times trailing earnings, between a 52-week low of $266.47 and a high of $403.96. The bull case reaches $442.49 and the bear case $366.77, which still implies a 16.73% gain.
- Morning Minute: Hedge Funds Left the BTC ETF Trade and Sovereign Wealth Stepped In
Decrypt's Morning Minute examines why hedge funds exited the bitcoin ETF trade while sovereign wealth funds and wealth managers bought. Citing SEC filings, the newsletter says nine hedge funds and banks, including Millennium, Brevan Howard and Goldman Sachs, sold about 68,000 bitcoin worth of ETF shares from the October 2025 high through June, roughly $5.4 billion at current prices. The main driver was shrinking returns on the ETF-futures trade: its annualized spread fell from 7.9% before the high to 4.8% by late October, and Galaxy's Alex Thorn estimates only about 1.5 points remain over T-bills after fees and financing. Morgan Stanley's wealth management arm, Mubadala and the Abu Dhabi Investment Council bought, while investors too small to file cut holdings by just 6.6% as the price fell 49%. Funds have since added about 87,000 bitcoin, and October ETF flows were nearly flat by Tuesday, with $724 million arriving in the last eight sessions.
- Unlimit founder backs Phase blockchain with $45M as mainnet launches
Phase, a new blockchain, lets smartphone users earn PHASE tokens by validating transactions and sharing internet connections with AI agents through its Phase Proxy service, which launched alongside the chain. Unlimit founder Kirill Eves has committed $45 million, covering the first two years of development with another two years of runway, and the company says it has no outside investors. Eves argues that websites often block automated traffic from data centers, so agents need connections from consumer devices, and current flagship smartphones can deliver approximately 35–45 TOPS of AI processing. Phase plans AI computing and multi-model routing services in November, and part of their revenue will buy PHASE on the open market to reward node operators.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.