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) reported that COVID-19 lockdowns in Shanghai are significantly affecting its operations, limiting employee access and logistics. These restrictions have forced a temporary reduction in product shipments and production activities. Despite these challenges, ACM maintains its revenue outlook for 2022, projecting between $365 million and $405 million, assuming no further disruptions. CEO Dr. David Wang noted strong demand for their tools, with expectations of resuming operations soon. ACM plans to release Q1 2022 financial results in early May 2022.
ACM Research (ACMR) comments on the SEC's provisional list under the Holding Foreign Companies Accountable Act (HFCAA). Identified on March 8, 2022, after filing its Annual Report, ACM's listing does not mean imminent delisting. The SEC guidelines state that trading restrictions could only be invoked in 2024 after three consecutive years on the list. ACM is proactively seeking an independent PCAOB-registered auditor to avoid future listings. The company remains confident in meeting SEC requirements and maintaining its NASDAQ status.
ACM Research, Inc. (NASDAQ: ACMR) announced a 3-for-1 stock split of its Class A and Class B common stocks, declaring it as a stock dividend. Shareholders as of March 16, 2022, will receive two additional shares for each share held, with distribution after trading on March 23, 2022. Trading on a split-adjusted basis begins on March 24, 2022. The company's CEO, Dr. David Wang, stated that this initiative aims to enhance stock accessibility for investors and employees, reflecting ACM's confidence in its growth within the semiconductor industry.
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.
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