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, a supplier of wafer processing solutions, announced its participation in three upcoming virtual investor conferences: the Morgan Stanley Virtual China Opportunity Conference on January 4, 2023, the Credit Suisse Virtual Greater China Technology and Internet Conference on January 5, 2023, and the 25th Annual Virtual Needham Growth Conference on January 12, 2023. Management will be available for meetings with institutional investors. Presentation materials for the conferences will be accessible on their website.
ACM Research (ACMR) announces the launch of its Ultra PmaxTM PECVD tool, expanding its product line in semiconductor manufacturing. The first shipment is expected to a China-based customer soon. This innovation aims to address the growing demand for mature node capacity in logic device production, particularly as consumption in China exceeds production. ACM anticipates its total addressable market to double with this new tool. The Ultra PmaxTM features advanced design elements for improved film uniformity and productivity.
ACM Research (ACMR) announces participation in the 11th Annual NYC Summit investor conference on December 13, 2022, alongside 13 other companies. The conference will facilitate small group meetings between investors and management teams, enhancing networking opportunities.
Presentation materials will be available on ACMR’s website. The event is invitation-only, aimed at accredited investors and research analysts, with limited attendance.
ACM Research (NASDAQ: ACMR) has launched its new Ultra Track tool, marking its entry into the $3.7 billion track market. This tool will ship its first ArF model to a Chinese customer soon, with an i-line version expected in 2023. The Ultra Track supports 300mm wafer processing with advanced features aimed at enhancing defectivity, throughput, and cost of ownership. The company aims to position itself as a competitive second source for global semiconductor manufacturers in this growing application area.
ACM Research (ACMR) has announced the qualification of its first Metal Lift-Off (MLO)-capable Ultra C pr tool for power semiconductor manufacturing in China. This innovative technology optimizes manufacturing by eliminating an etch process step, reducing costs, and improving cycle times. The Ultra C pr tool combines high throughput with superior removal performance, enhancing cleaning for patterned wafers. ACM aims to expand its product range, positioning itself as a multi-product company. The successful qualification is seen as an initial validation of the MLO technology in a production setting.
ACM Research reported strong Q3 2022 results, with revenue reaching $133.7 million, a 99.5% increase year-over-year. Shipments grew by 64%, driven by growth in cleaning tools and new ECP and furnace products. Gross margin improved to 49.3%. Despite record performance, the company lowered its 2022 revenue outlook to $365 million to $385 million due to U.S. trade policy impacts. The construction of its new production facility in Lingang is on schedule, while collaboration with major semiconductor manufacturers continues.
ACM Research, Inc. (NASDAQ: ACMR) has projected its preliminary unaudited revenue for Q3 2022 to fall between $128 million and $133 million. These figures will undergo a final review, and actual results will be disclosed in an earnings call scheduled for November 4, 2022. A significant portion of ACM's revenue is generated through its subsidiary, ACM Research (Shanghai), which reported its financial results separately. ACM holds an 82.5% stake in ACM Shanghai, and its financial reporting follows the U.S. GAAP standards.
ACM Research, Inc. (ACMR) announced the upcoming release of its preliminary revenue range for Q3 2022 on October 27, 2022. This aligns with reporting obligations for its subsidiary in Shanghai. The full financial results will be disclosed on November 4, 2022, accompanied by an earnings call scheduled for 8:00 a.m. U.S. Eastern Time. ACM specializes in semiconductor process equipment, focusing on solutions to enhance productivity and yield in advanced semiconductor manufacturing.
ACM Research, Inc. (NASDAQ: ACMR) announced preliminary unaudited revenue for ACM Research (Shanghai), Inc. for Q3 and the first nine months of 2022. Revenue for Q3 is expected to be between RMB 850.0 million and RMB 930.0 million (USD $119-$131 million), marking an 84%-101% increase from RMB 462.4 million in Q3 2021. For the first nine months, expected revenue ranges from RMB 1,945.5 million to RMB 2,025.5 million (USD $273-$285 million), up 79%-86% from RMB 1,087.7 million in 2021. Backlog as of September 30, 2022, is RMB 4,644.22 million (USD $652.51 million), a 105.32% increase year-over-year.
ACM Research (NASDAQ: ACMR) has introduced the Ultra Fn A furnace tool to enhance its 300mm furnace dry processing platform, specifically targeting thermal atomic layer deposition (ALD). This new tool, shipped to a top-tier foundry in China, aims to facilitate advanced semiconductor manufacturing processes. It effectively deposits silicon nitride and silicon carbide nitride films, crucial for 28nm logic manufacturing. The Ultra Fn A furnace tool promises improved uniformity and reliability, aligning with the growing demand for advanced semiconductor applications.
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