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) will release its third quarter 2020 financial results after the market closes on November 5, 2020. A conference call is scheduled for November 6, 2020, at 8:00 a.m. U.S. Eastern Time to discuss these results. The company plans to address claims made in a report by J Capital Research Limited, a short seller, published on October 8, 2020. Participants can register online for the call, and a replay will be available until November 14, 2020. For further information, visit the ACM Research investor relations website.
ACM Research (NASDAQ: ACMR) announced its enhanced lineup of wet wafer processing tools tailored for advanced wafer-level packaging (WLP). These systems address the rising complexity in semiconductor assembly, particularly for outsourced semiconductor assembly and test (OSAT) providers. The tools support various advanced processes including Cu pillar and Au bumping. Market analysts project the advanced packaging industry to grow from $29 billion in 2019 to $42 billion by 2025, bolstered by demand for technologies like 5G and AI. ACM's solutions aim to improve production efficiency and yield for their customers.
ACM Research (NASDAQ: ACMR) has responded to a report by J Capital Research USA LLC, which it claims contains numerous inaccuracies about its business operations, including errors related to revenue and gross margins. The company plans to address these misstatements in detail during its upcoming earnings call in early November 2020, when it will also release third-quarter financial results. Investors are encouraged to review ACM’s public filings with the SEC for further insights.
ACM Research, Inc. (NASDAQ: ACMR) announced that its subsidiary ACM Research (Shanghai) has received approval for its proposed listing on the Shanghai Stock Exchange STAR Market. This decision, made on September 30, 2020, follows an application submitted in May 2020. The STAR Market listing is subject to final registration and approval from the China Securities Regulatory Commission. CEO Dr. David Wang highlighted that proceeds from the IPO will support product development and the construction of a new R&D center in Shanghai, aiding ACM's ambition to expand in the semiconductor industry.
ACM Research, Inc. (NASDAQ: ACMR) has launched its Thin Wafer Cleaning System, a high-throughput solution for single-wafer wet processes in manufacturing MOSFET and IGBT devices. This four-chamber system is designed to enhance yields by preventing wafer damage using touch-free handling based on the Bernoulli effect. It supports various wafer types, including ultra-thin and Taiko wafers. With the demand for IGBTs projected to grow from $5.4 billion in 2019 to $9.4 billion by 2025, ACM's system aims to address industry needs and improve production efficiency.
ACM Research, a key player in wafer cleaning technologies for semiconductors, will participate in four upcoming virtual investor conferences. These include the Nomura China Investor Forum on August 27, Jefferies Semiconductor Summit on September 1, Citi's Global Technology Conference on September 9, and the Credit Suisse Asian Technology Conference on September 11. Management will be available for one-on-one meetings with institutional investors at these events, enhancing their engagement with the investment community.
ACM Research, Inc. (NASDAQ: ACMR), a leader in wafer cleaning technologies, will participate in the Needham Virtual SemiCap and EDA Conference on August 13, 2020. A fireside chat with management is scheduled for 3:00 p.m. ET, which will be available via webcast on the company's website. The conference will also feature one-on-one meetings for institutional investors. Presentation materials will be accessible online through August 28, 2020. ACM specializes in semiconductor process equipment development and aims to enhance productivity in advanced semiconductor manufacturing.
ACM Research reported a strong Q2 2020 with revenue of $39.0 million, a 34.6% increase year-over-year, fueled by heightened demand for wafer cleaning technologies. Gross margin rose to 49.6%, marking a recovery from earlier pandemic-related disruptions. The company raised its fiscal 2020 revenue outlook to $140-$155 million, up from previous estimates. Significant developments include new customer orders totaling $36 million and the construction of a one million square foot facility in Lingang. However, a minor net loss of $0.1 million was reported.
ACM Research, Inc. (NASDAQ: ACMR) announced $36 million in purchase orders from two new China-based customers specializing in analog and power IC devices. The company will provide several semi-critical tools, including the Ultra C s and Ultra ECP map, primarily for ultra-thin wafers. Deliveries are expected in the second half of 2020, with revenue recognition anticipated in 2021, pending qualification and acceptance. CEO Dr. David Wang emphasized the growing demand and confidence in ACM's technology leadership within the semiconductor industry.
ACM Research, Inc. (NASDAQ: ACMR) has successfully delivered its Ultra C SAPS II tool to a leading global semiconductor equipment supplier in the U.S. This marks the first installation of Smart Megasonix technology in the country. The tool will be assessed at the OEM's demo lab to evaluate its performance with existing semiconductor solutions. Dr. David Wang, CEO, expressed confidence in ACM's technology supporting industry advancements. This milestone is part of ACM's strategy to enhance its footprint in North America.
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