Welcome to our dedicated page for ACM Research news (Ticker: $ACMR), a resource for investors and traders seeking the latest updates and insights on ACM Research stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ACM Research's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ACM Research's position in the market.
ACM Research reported robust financial results for the first quarter of 2024, showcasing impressive revenue growth of 105% driven by mature node spending, new products, and market share gains. The company's President and CEO, Dr. David Wang, expressed satisfaction with the record shipments and strong profitability. ACM anticipates further growth in 2024 due to its expanding product portfolio and global footprint. The company maintained its revenue guidance range of $650 million to $725 million for fiscal year 2024. ACM also highlighted key operating highlights, including increased shipments, introduction of new products like Frame Wafer Cleaning Tool, and strong financial performance.
ACM Research, a supplier of wafer processing solutions, appointed David Kim as CEO of ACM Research Korea. Kim brings over thirty years of semiconductor experience to the role, with a background at Hyundai Electronics and SK Hynix. His expertise will enhance technology adoption and business growth in Korea, benefiting relationships with local semiconductor manufacturers and supporting global customers.
ACM Research, Inc. (ACM) introduces the Frame Wafer Cleaning Tool for advanced packaging, offering residue-free cleaning and environmental benefits. The tool includes an innovative solvent reclamation system, enabling nearly 100% recovery and filtration of solvents. ACM successfully installed the first tool with a major Chinese manufacturer, showcasing its commitment to sustainability and customer support in the semiconductor industry.