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 (NASDAQ: ACMR) announced its participation in the 34th Annual ROTH Conference on March 15, 2022, in Dana Point, California. Management will hold one-on-one and small group meetings with institutional investors during the event.
The company specializes in wafer processing solutions for semiconductor and advanced wafer-level packaging. For registration details or to schedule a meeting, visit the ROTH Conference website.
ACM Research, Inc. (ACMR) reported strong financial results for Q4 and FY 2021, driven by significant growth in semiconductor processing solutions. Q4 revenue reached $95.1 million, a 109% YOY increase, with a gross margin of 47.8%. For FY 2021, revenue was $259.8 million, up 66% from 2020. Net income for the year stood at $37.8 million, leading to a diluted EPS of $1.73. Looking ahead, ACM expects FY 2022 revenue between $365 million to $405 million, indicating strong growth prospects in response to increased demand. The firm has also secured substantial orders for advanced plating and cleaning tools.
ACM Research (NASDAQ: ACMR) has rescheduled its fourth quarter and fiscal year 2021 financial results announcement from February 24, 2022, after market close, to February 25, 2022, before the market opens. This adjustment allows for simultaneous disclosure with its subsidiary's announcement on the Shanghai Stock Exchange's STAR Market. The earnings call is set for February 25, 2022, at 8:00 a.m. U.S. Eastern Time. Investors can access the conference call via phone or through a live and archived webcast on the ACM Research website.
ACM Research (NASDAQ: ACMR) has received purchase orders for 21 Electro-Chemical Plating (ECP) tools from a leading Chinese foundry, marking the first volume purchase for its Ultra ECP map systems. This includes 13 Ultra ECP map and 8 Ultra ECP ap copper plating systems. The tools are qualified for 65 nm to 28 nm processes, demonstrating high performance. Dr. David Wang, CEO, expressed confidence in ACM's market leadership and strategy to broaden its tool portfolio, aiming for increased market share in the semiconductor capital equipment sector.
ACM Research, Inc. (ACMR) announced the largest purchase order in its history for 29 Ultra C wet bench tools aimed at 300 mm wafer applications, primarily from customers in China. The orders include 16 tools from a repeat customer supporting fab expansion, with shipments scheduled for 2022. ACM also introduced its Ultra Low Pressure Dry (ULD) technology, enhancing post-clean drying processes for advanced semiconductor wafers. This technology aims to reduce drying times and improve wafer cleanliness, indicating ACM's commitment to innovation and market leadership in semiconductor manufacturing solutions.
ACM Research, Inc. (NASDAQ: ACMR) plans to release its financial results for the fourth quarter and fiscal year 2021 on February 24, 2022, after market close. A conference call will be held on February 25, 2022, at 8:00 a.m. ET to discuss these results. Interested parties can access the call by dialing in 10 minutes early and using the passcode 9396606. The webcast will be available on ACM Research's website. This press release highlights the company's focus on semiconductor process equipment and its commitment to improving productivity in advanced manufacturing.
ACM Research, Inc. announces the launch of its new tool set for compound semiconductor manufacturing, crucial for electric vehicles, 5G communication, and AI markets. Their portfolio includes advanced cleaning, etching, and plating systems tailored to gallium arsenide (GaAs), gallium nitride (GaN), and silicon carbide (SiC) processes. Key products include the Ultra C SiC cleaning tool, Ultra C wet etch tool, and Ultra ECP GIII models, all enhancing performance efficiency. The company anticipates growth opportunities in the expanding compound semiconductor market.
ACM Research (ACMR) reported preliminary revenue for 2021 between $255 million and $260 million, reflecting a 63% to 66% increase year-over-year. Total shipments are expected to be $365 million to $370 million, showing growth of 101% to 103%. For 2022, ACM projects revenue between $345 million and $385 million, representing a growth forecast of 33% to 51%. This outlook is contingent on stable conditions regarding COVID-19 and US-China trade policies. The company plans to present at upcoming investor conferences.
ACM Research, Inc. (NASDAQ:ACMR) announced its participation in two upcoming virtual investor conferences. The Credit Suisse 2022 Greater China Technology and Internet Virtual Conference will take place from January 5-7, 2022, and the 24th Annual Needham Virtual Growth Conference is scheduled for January 13, 2022. Management will engage in one-on-one and group meetings with institutional investors at both events. ACM Research specializes in wafer cleaning technologies essential for advanced semiconductor manufacturing, offering solutions that enhance productivity and yield.
ACM Research (NASDAQ: ACMR) announced its commitment to comply with new SEC guidelines from December 2, 2021, under the Holding Foreign Companies Accountable Act. These guidelines may restrict trading for companies audited by firms that can't be inspected by the PCAOB. CEO Dr. David Wang expressed confidence in transitioning their audit relationship to a PCAOB-registered firm, ensuring continued listing on U.S. markets. ACM plans to expand operations in the U.S., Europe, and Asia while supporting its five major semiconductor clients in China and Korea.
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