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) 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.
ACM Research reported a strong fourth quarter and fiscal year 2020, with a 46% revenue increase to $156.6 million. The company achieved net income of $18.8 million, with diluted EPS at $0.89. Q4 revenue hit $45.6 million, up 85% year-over-year, despite a gross margin decline to 43.2%. Operating income rose to $5.4 million. For 2021, ACM projects revenue between $205 million and $230 million, tied to global market conditions. The STAR Market IPO for its Shanghai subsidiary remains pending following recent regulatory inquiries.
ACM Research, Inc. (NASDAQ: ACMR) will release its financial results for Q4 and fiscal year 2020 on February 25, 2021, post-U.S. market close. A conference call to discuss these results is scheduled for February 26, 2021, at 8:00 a.m. ET. Interested parties can register in advance and participate via telephone or webcast. This call will provide insights into ACMR's performance and future outlook in the semiconductor equipment sector.
ACM Research (ACMR) announced preliminary 2020 revenues between $153 million and $155 million, marking a growth of 42% to 44%. For 2021, ACM projects revenues of $205 million to $230 million, representing a growth of 32% to 50%. This optimism hinges on recovering customer orders and stability in trade policies. The company plans to present at the Credit Suisse and Needham Growth Conferences. Actual full-year results will be released in late February 2021, subject to year-end audits.
ACM Research, Inc. (NASDAQ: ACMR) announced its participation in two upcoming virtual investor conferences. The Credit Suisse 2021 Greater China Technology and Internet Virtual Conference is scheduled for January 7, 2021, while the 23rd Annual Needham Virtual Growth Conference will take place on January 11, 2021, featuring a fireside chat at 10:45 AM U.S. Eastern Time. Both events offer opportunities for institutional investors to engage in one-on-one meetings with management. Details can be found on ACM’s investor website.
ACM Research (NASDAQ: ACMR) has introduced new alloy anneal capabilities for its Ultra Fn Furnace, enhancing its product line for IGBT device manufacturing. This advancement addresses the growing demands for smaller, faster, and more efficient IGBT devices crucial for applications like electric vehicles. The IGBT market, valued at USD 5.4 billion in 2019, is projected to reach USD 9.38 billion by 2025 at a CAGR of 9.66%. The Ultra Fn Furnace is designed for batch processing and can handle up to 100 12-inch wafers.
ACM Research, Inc. (NASDAQ:ACMR) announced updates on its STAR Market IPO for ACM Research (Shanghai), Inc. The Shanghai Securities and Exchange Commission (SSEC) completed its review of a Verification Report addressing allegations made by J Capital Research USA LLC. The report, which ACM considers erroneous, has been posted by the SSEC. ACM aims to complete its IPO application with the China Securities Regulatory Commission, targeting the first quarter of 2021. This timeline is dependent on timely regulatory reviews and market conditions.
ACM Research (NASDAQ: ACMR) unveiled its Ultra ECP 3d platform, designed for high-performance copper electroplating in 3D through-silicon via (TSV) applications. This new tool, featuring a 10-chamber design, promises void-free filling and enhanced throughput, contributing to lower costs and space efficiency in semiconductor manufacturing. The TSV market is projected to grow from $2.8 billion in 2019 to $4.0 billion by 2025, driven by trends like AI and device miniaturization. ACM has delivered its first unit to a client in China for qualification.
FAQ
What is the current stock price of ACM Research (ACMR)?
What is the market cap of ACM Research (ACMR)?
What does ACM Research, Inc. specialize in?
What are some of ACM Research’s key technologies?
How does ACM Research market its products?
What recent financial achievements has ACM Research reported?
What are some of the new products introduced by ACM Research?
What is ACM Research’s current revenue guidance for 2023?
What strategic advancements is ACM Research making in Korea?
Who has ACM Research appointed as its auditor for 2023?
Where is ACM Research headquartered?
What is the significance of ACM Research’s ULTRA C brand?
