ACM Research Expands Memory Customer Base with Receipt of SAPS-V Order from New Customer in China
July 18 2019 - 4:30PM
ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ:ACMR), a
provider of single-wafer wet cleaning equipment used by
manufacturers of advanced semiconductors, today announced the
receipt of a purchase order for a SAPS-V single wafer cleaning tool
from an emerging manufacturer of DRAM memory chips in China.
The customer ordered the Company’s most advanced and newest SAPS
tool, the SAPS-V. Equipped with twelve chambers, the SAPS-V
tool is designed to remove tiny defects uniformly across an entire
12-inch wafer, thus helping the customer achieve higher yields.
The Company expects to deliver this first tool in the fourth
quarter of 2019, with revenue recognition upon qualification and
acceptance.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “This order, from an important new DRAM customer in
China, is a positive milestone, and adds another potential major
player to ACM’s customer base. We provide our customers with proven
SAPS cleaning solutions that enhance the wafer die yield in more
than twenty different types of cleaning steps. We believe our
solution can contribute to this customer’s production yield and
help to support a rapid and successful ramp of their new fab.”
About ACM Research, Inc.
ACM Research develops, manufactures and sells single-wafer wet
cleaning equipment, which semiconductor manufacturers can use in
numerous manufacturing steps to remove particles, contaminants and
other random defects, and thereby improve product yield, in
fabricating advanced integrated circuits.
Forward-Looking Statements
Information presented in the first and third paragraphs of this
press release with respect to the estimated delivery date,
acceptance and performance of the ACM tool to the new customer
contains forward‑looking statements for purposes of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Actual results may vary significantly from ACM’s expectations based
on a number of risks and uncertainties, including but not limited
to the following: customer orders already received may be postponed
or canceled; suppliers may not be able to meet ACM’s demands on a
timely basis; volatile global economic, market, industry and other
conditions could result in sharply lower demand for products
containing semiconductors and for ACM's products and in disruption
of capital and credit markets; and ACM’s failure to successfully
manage its operations. ACM cannot guarantee any future results,
levels of activity, performance or achievements. ACM expressly
disclaims any obligation to update forward-looking statements after
the date of this press release.
© ACM Research, Inc. The ACM logo and SAPS are trademarks of ACM
Research, Inc. For convenience, these trademarks appear in this
press release without ™ symbols, but that practice does not mean
that ACM will not assert, to the fullest extent under applicable
law, its rights to the trademarks. This press release also contains
other companies’ trademarks, registered marks and trade names,
which are the property of those companies.
For investor and media inquiries, please
contact:
In the United States: The Blueshirt GroupRalph Fong+1 (415)
489-2195ralph@blueshirtgroup.com
In China: The Blueshirt Group AsiaGary Dvorchak, CFA+86 (138)
1079-1480gary@blueshirtgroup.com
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