ACM Research, Inc. develops, manufactures and sells wafer and panel processing equipment for semiconductor manufacturing and advanced packaging applications. Company news commonly covers financial results, shipment trends, customer orders, and product introductions across cleaning, electroplating, stress-free polishing, vertical furnace, track, PECVD, and wafer- and panel-level packaging tools.
Recurring updates also include ACM’s ACM Planetary Family product organization, advanced packaging platforms, global customer activity, production-capacity initiatives, and disclosures involving ACM Research (Shanghai), Inc., the company’s principal operating subsidiary listed on the Shanghai Stock Exchange STAR Market.
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.
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.