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), 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.
ACM Research, Inc. (NASDAQ: ACMR) will release its second quarter 2020 financial results on August 5, 2020, post U.S. market close. A conference call to discuss the results is scheduled for August 6, 2020, at 8:00 a.m. U.S. Eastern Time. Participants can register for the call in advance, and a replay will be available until August 14, 2020. ACM Research specializes in semiconductor process equipment development, focusing on enhancing productivity and yield in semiconductor manufacturing.
ACM Research (NASDAQ: ACMR) announced the groundbreaking of a new development and production facility in the Lingang Special Area of Shanghai, marking a significant expansion for its subsidiary, ACM Shanghai. The 100,000 square meter facility, designed to incorporate modern manufacturing systems and automation, aims to boost production capacity and support R&D. CEO Dr. David Wang highlighted this move as pivotal for ACM's growth in the semiconductor sector, particularly in the fast-growing Chinese market. The project emphasizes ACM's commitment to enhancing its operations across Korea, Taiwan, and the U.S.
ACM Research (NASDAQ: ACMR) announced its participation in the Roth Virtual London Conference on June 25, 2020. The event will include one-on-one meetings with institutional investors, allowing portfolio managers and analysts to engage directly with company representatives. ACM Research specializes in wafer cleaning technologies essential for enhancing semiconductor manufacturing by improving product yield. The company develops single-wafer wet cleaning equipment for advanced integrated circuits.
FREMONT, Calif., May 20, 2020 – ACM Research (NASDAQ:ACMR), a leader in wafer cleaning technologies for advanced semiconductors, announced its participation in several upcoming virtual investor conferences. These include the Craig-Hallum 17th Annual Institutional Investor Conference on May 27, Cowen's 2020 Virtual Technology Conference on May 28 at 8:30 AM ET, and Stifel's 2020 Virtual Cross Sector Insight Conference on June 10 at 9:20 AM ET. Presentations will be available for replay on ACM's Investor website within a week after the events.
ACM Research, Inc. (NASDAQ: ACMR) announced the launch of its new Ultra C suite of wet cleaning tools aimed at the semiconductor industry. This suite includes the Ultra C b for backside cleaning, Ultra C wb automated wet bench, and Ultra C s scrubber, designed to enhance the company's offerings for semi-critical cleaning processes. These tools cater to the advanced IC, power device, and advanced wafer-level packaging markets, with initial deployments already demonstrating benefits at advanced semiconductor plants in China. Revenue recognition for the initial delivery is anticipated upon customer qualification.
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