Acm Research Stock Price, News & Analysis

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.

ACM Research, Inc. (NASDAQ:ACMR) will participate in the 10th Annual December CEO Summit on December 8, 2021, at the St. Regis hotel in San Francisco, California. This event coincides with SEMICON West 2021 and will be held in person, requiring proof of COVID vaccination for attendance. The summit features small group meetings and is by invitation only for accredited investors and research analysts. Presentation materials will be available on ACMR’s investor relations page.

ACM Research (ACMR) has secured two orders for its Ultra C SAPS V 12-chamber cleaning tools from a major U.S. semiconductor manufacturer. The first tool is set for evaluation in Q1 2022, while the second will support high-volume production in Q2 2022. This marks a significant step in ACM's globalization strategy, demonstrating its ability to meet advanced performance specifications. The proprietary SAPS technology enhances cleaning efficiency, targeting 1xnm DRAM devices and beyond, which could lead to more significant business opportunities with major customers.

ACM Research, Inc. (NASDAQ: ACMR) announced that its subsidiary, ACM Research (Shanghai), Inc., has successfully completed its IPO, with trading commencing on the Shanghai Stock Exchange's STAR Market on November 18, 2021. ACM Shanghai issued 43,355,753 shares at RMB 85.00 each, raising approximately RMB 3.685 billion (about US$577 million). Post-IPO, ACM retains about 82.5% ownership in ACM Shanghai. CEO Dr. David Wang highlighted that the IPO marks a significant milestone, aiming to expand market opportunities and invest in R&D, targeting an addressable market exceeding $10 billion.

ACM Research, Inc. (ACMR) is set to participate in several virtual investor conferences: the 12th Annual Craig-Hallum Alpha Select Conference on November 16, the Benchmark Company Technology One-on-One Investor Conference on November 17, and the Roth 10th Annual Technology Conference on November 18, 2021.

During these events, management will engage in one-on-one and group meetings with institutional investors. For inquiries, investors can contact their institutional sales representatives.

ACM Research reported strong Q3 2021 results with revenue of $67 million, a 40.6% increase from Q3 2020. Gross margin improved to 44.3%, while net income rose to $10.2 million. The company expects 2021 revenue between $230 million and $240 million, adjusting from a prior range due to stable market conditions. Key orders from major semiconductor manufacturers and an upcoming IPO on the STAR Market in Shanghai are highlighted as significant developments.

ACM Research (ACMR) has announced the IPO pricing of its subsidiary, ACM Research (Shanghai), Inc. on the STAR Market. The offering will include 43,355,753 shares, representing 10% of total shares post-IPO, with a proposed price of RMB 85.00 per share. This could yield approximately RMB 3.685 billion (around US$575 million). ACM will retain 82.5% of ACM Shanghai's shares post-offering. The IPO is scheduled for subscription on November 8, 2021, with listing anticipated on November 18, 2021.