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, Inc. (NASDAQ: ACMR) has submitted its application for listing ACM Shanghai on the STAR Market of the Shanghai Stock Exchange. The registration, filed on June 10, 2021, is pending approval by the China Securities Regulatory Commission (CSRC). Preliminary estimates for ACM Shanghai's revenue for H1 2021 are between RMB 623.2 million and RMB 672.0 million, a significant increase from RMB 355.6 million in H1 2020. Net profit is projected at RMB 57.1 million to RMB 66.3 million, up from RMB 37.6 million the previous year. ACM holds a 91.7% stake in ACM Shanghai.
ACM Research, Inc. (NASDAQ:ACMR) announced participation in the 13th Annual CEO Summit on June 15, 2021. This virtual event will connect investors and analysts with 14 participating management teams through a series of small group meetings. Each session lasts 40 minutes, with six meeting slots available per company. Registration is open to accredited investors and analysts only, and the last date for RSVP is June 10, 2021. ACM Research specializes in wafer cleaning technologies for advanced semiconductor devices, emphasizing customized, high-performance solutions.
ACM Research, Inc. (NASDAQ: ACMR), a leader in wafer cleaning technologies for advanced semiconductors, will participate in the Nomura Virtual Investment Forum Asia on June 4, 2021. Management will conduct one-on-one meetings with institutional investors interested in discussing the company’s offerings. ACM specializes in semiconductor process equipment crucial for wafer cleaning, electroplating, and thermal processes, aiming to enhance productivity and yield for semiconductor manufacturers.
ACM Research (NASDAQ: ACMR), a leader in wafer cleaning technologies, announced its participation in multiple upcoming virtual investor conferences. Key dates include:
- May 12, 2021: Credit Suisse China A-Shares Conference
- May 18, 2021: Needham Virtual Technology & Media Conference at 9:30 a.m. EDT
- May 26, 2021: Goldman Sachs TechNet Conference
- June 2, 2021: Craig-Hallum Investor Conference
- June 3, 2021: Cowen Technology, Media & Telecom Conference
- June 10, 2021: Stifel Cross Sector Insight Conference at 9:20 a.m. EDT
Webcasts of select presentations will be available live from ACM’s website.
ACM Research, Inc. (NASDAQ: ACMR) announced the appointment of Elad Nadler as Senior Director of Service for North America and Europe. Elad, with over 20 years of experience in customer support and field operations at major semiconductor firms, will oversee ACM's service and spares organization in these regions. His expertise aims to enhance customer service and expand the adoption of ACM's technologies within leading semiconductor companies. President Dr. David Wang expressed optimism about the team's strength and Elad's fit in driving service excellence.
ACM Research reported a strong first quarter for 2021, with revenues of $43.7 million, an impressive 80% year-over-year growth. Shipments reached a record $74 million, and net income rose to $5.5 million, compared to $1.7 million in the previous year. The company is optimistic about expanding its market presence, particularly in North America, and has made significant strides in production capacity with a new facility. However, the timeline for its subsidiary’s STAR Market IPO remains uncertain, which could impact future funding and growth.
ACM Research, Inc. (NASDAQ: ACMR) will announce its financial results for Q1 2021 after market close on May 6, 2021. A conference call to discuss these results is scheduled for May 7, 2021, at 8:00 a.m. U.S. Eastern Time. Participants should dial in 10 minutes early using the passcode 7084698. Access to a live and archived webcast will be available on ACM's Investors webpage. The company specializes in developing semiconductor process equipment, focusing on delivering high-performance solutions that enhance manufacturing productivity.
ACM Research (ACMR) has expanded its 300mm Ultra Fn furnace dry processing portfolio to include new semiconductor manufacturing processes such as un-doped and doped poly deposition, gate oxide deposition, high-temperature oxidation, and annealing. This announcement was made during SEMICON China 2021. The new capabilities enhance the company's existing offering and support over 80% of batch thermal processes. The Ultra Fn platform’s adaptability allows quick process kit changes, optimizing operational costs. Initial installations have validated performance with key customers.
ACM Research (NASDAQ: ACMR) has launched a new high-speed copper plating technology for its ECP ap system, enhancing wafer-level electric field control and providing better uniformity within wafers and dies. This technology addresses challenges in 3D plating applications, improving Cu film deposition rates and achieving wafer-level uniformity below 3%. The fan-out packaging market, driving this technology's demand, is projected to grow at an 18% CAGR through 2026. The first system featuring this technology is set to be delivered to a major OSAT facility in China.
ACM Research, Inc. (NASDAQ: ACMR) announced its participation in the 33rd Annual Virtual Roth Conference on March 16, 2021. The company, a leader in wafer cleaning technologies for advanced semiconductors, will hold one-on-one meetings with institutional investors during the event. Interested portfolio managers and analysts can schedule meetings through Roth Capital Partners. ACM specializes in semiconductor process equipment, providing high-performance and cost-effective solutions to enhance productivity and yield in manufacturing.
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