Failure analysis of semiconductor components should not only be considered as an ever increasing costly activity which is economically difficult to support, to develop, and to justify, because of the continuous technology evolution. Analytical techniques such as integrated circuit pin‐to‐pin electrical test, plastic package opening with the acid dropper, hot spot detection with liquid crystals, EBIC, voltage contrast in static and voltage coding modes, can be developed and applied in failure analysis laboratories with low‐cost equipment. Although they are not intended to replace some well‐known expensive and sophisticated analytical tools, they can provide efficient results.