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.
ACM Research, Inc. (NASDAQ: ACMR) is a leading developer, manufacturer, and marketer of single-wafer wet cleaning equipment. Founded in 1998 and headquartered in Fremont, California, ACM Research aims to enhance the manufacturing process and yield for integrated chips, offering a range of advanced wafer processing solutions.
Under its flagship ULTRA C brand, the company provides innovative technologies like Space Alternated Phase Shift and Timely Energized Bubble Oscillation. These solutions are crucial for removing particles, contaminants, and defects from flat and patterned wafer surfaces at a microscopic level. The company's product portfolio also includes electro-chemical plating equipment used for advanced metal plating in back-end assembly and packaging processes.
ACM Research sells its products worldwide through a combination of direct sales and third-party representatives. The company has shown impressive growth, with recent financial results indicating a 26% revenue increase to $168.6 million for the third quarter of 2023. This growth is attributed to mature node investments by mainland China-based customers and a strong multi-product portfolio. Their gross margin has also improved, reaching 52.5% for the same quarter.
The company continues to expand its market reach with new products and significant partnerships. Recently, ACM Research introduced the ULTRA C v Vacuum Cleaning Tool to meet flux removal requirements for advanced 3D packaging structures and received orders from major manufacturers in the U.S. and China. Additionally, the company's operating subsidiary in Shanghai paid a substantial dividend to its shareholders and appointed Ernst & Young Hua Ming LLP as its auditor for 2023.
Looking ahead, ACM Research has updated its revenue guidance for 2023 to a range of $520 million to $540 million, reflecting its strong market position and strategic advancements. The company is also investing in its global operations, including increased efforts in Korea, which are expected to yield better traction with local customers and accelerate product development.
ACM Research (ACMR) announced an order for its Ultra ECP map copper plating tool from a significant IC manufacturer. The delivery is expected in early 2022, contingent upon technical qualification and commercial terms. Dr. David Wang, the company's CEO, highlighted the order as a validation of ACM's technological leadership and regional support. The Ultra ECP map tool is designed to enhance productivity with advanced features like high throughput, lower consumable costs, and compatibility with ultra-thin seed layers, opening potential for larger business opportunities in the semiconductor sector.
ACM Research, Inc. (NASDAQ: ACMR) recently announced the shipment of its first 300mm Single-Wafer Sulfuric Peroxide Mixture systems, enhancing its wet cleaning and etch capabilities for advanced semiconductor manufacturing. This tool supports high-temperature processes vital for production nodes at 10nm and beyond. The new Single-Wafer SPM tool offers improved performance with shorter process times and defect removal efficiency. ACM aims to become a key global cleaning solution provider, leveraging its advanced technologies such as SAPS and TEBO megasonic cleaning.
ACM Research, Inc. (NASDAQ: ACMR) reported updates regarding its subsidiary, ACM Research (Shanghai), and its proposed IPO on the Shanghai Stock Exchange. ACM Shanghai intends to start investor meetings on September 8, 2021, aiming for IPO completion in Q4 2021, subject to various external factors. Financial results show significant growth, with revenue of RMB 625.3 million for H1 2021, up from RMB 355.6 million in H1 2020, and an estimated revenue range of RMB 1,039.1 million to RMB 1,131.1 million for the first nine months of 2021, compared to RMB 608.0 million in the same period last year.
ACM Research (ACMR) announced the launch of the Ultra ECP GIII plating tool to enhance wafer-level packaging for compound semiconductors, including SiC, GaN, and GaAs. This fully automated tool supports both flat and notched 6-inch wafers and integrates advanced technologies for superior performance, achieving plating uniformity within 3%. ACM has secured two orders from Chinese semiconductor manufacturers, the first delivered in July and another expected by September 30, 2021. The growing demand for advanced semiconductor processing, driven by sectors like electric vehicles and 5G, underpins this innovation.
ACM Research, Inc. (NASDAQ: ACMR), a leader in wafer cleaning technologies for advanced semiconductors, announced its participation in several virtual investor conferences. Key events include the Needham SemiCap and EDA Conference on August 24, the Jefferies Semiconductor Summit on August 31, the Jefferies Asia Forum on September 9, and the Credit Suisse Asian Technology Conference on September 10. Management will be available for meetings with institutional investors at these events, providing opportunities to discuss their advanced semiconductor process equipment.
ACM Research, Inc. (NASDAQ: ACMR) announced that its subsidiary, ACM Research (Shanghai), has received approval for its STAR Market IPO registration from the China Securities Regulatory Commission (CSRC). The company anticipates completing the issuance process within several months, though timelines are uncertain due to external factors. CEO Dr. David Wang expressed optimism about the potential for the STAR Market listing to enhance ACM's global presence in the semiconductor equipment industry.
ACM Research (NASDAQ: ACMR) has launched its Bevel Etch product to enhance wafer yield in semiconductor manufacturing. The tool utilizes a wet etch method to effectively remove contaminants while reducing chemical consumption. With expected delivery in Q3 2021 to a Chinese logic manufacturer, it promises improved accuracy in wafer center alignment and operational efficiency for 3D NAND, DRAM, and advanced logic processes. This innovation addresses common manufacturing issues such as edge contamination, leading to better overall yield and cost-effectiveness, positioning ACM favorably in the semiconductor industry.
ACM Research, Inc. (NASDAQ: ACMR) reported robust financial results for Q2 2021, with revenue reaching $53.9 million, a 37.9% increase year-over-year. The company anticipates full-year revenue of $225 million to $240 million, up from previous guidance. Gross margin was 40.2%, down from 49.6% in Q2 2020. Net income stood at $6.6 million, up from a loss of $0.1 million. The company is expanding its production capacity in China and moving forward with its STAR Market IPO application, which is expected to enhance its market presence in the semiconductor industry.
ACM Research, Inc. (NASDAQ: ACMR) will disclose its financial results for Q2 2021 on August 5, following market close. The earnings conference call is scheduled for August 6 at 8:00 a.m. EDT (8:00 p.m. China Time). Interested parties can join the call using the passcode 6491014 and access the replay until August 13. The company specializes in semiconductor process equipment development and is dedicated to providing high-performance solutions for manufacturing.
ACM Research, Inc. (NASDAQ: ACMR) announced its participation in three virtual investor events designed for institutional investors. The events include:
- Jefferies China Semiconductor & Smartphone Components Access Days on June 17, 2021
- Roth Virtual London Conference on June 22, 2021
- Morgan Stanley Virtual China BEST Conference on June 24, 2021
Management will be available for one-on-one and group meetings. ACM specializes in semiconductor process equipment, enhancing productivity and yield for manufacturers.
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