ACM Research Expands Memory Customer Base with Strategically Important Order from New Customer in China
July 03 2018 - 8:30AM
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 wafer-cleaning tools based on ACM’s
proprietary Space Alternated Phase Shift (SAPS) technology from a
leading manufacturer of DRAM memory chips in China.
The order represents a meaningful revenue opportunity from this
new customer. Upon production line qualification of the
initial tool being delivered, ACM anticipates repeat orders for
multiple tools from this customer. The Company intends to
ship the initial SAPS tool in the third quarter of 2018, with
revenue recognition coming upon qualification and acceptance.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “Securing an order from this strategically important
DRAM customer in China represents a major milestone for us,
enabling us to expand the number of our IC chip manufacturing
customers from four to five. We provide our customers with
proven solutions that enhance production line performance and their
wafer die yields. This new order signifies a clear
endorsement of our proprietary SAPS-based tools products as an
efficient and effective wafer cleaning solution.”
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.
© ACM Research, Inc. SAPS, TEBO and the ACM Research logo are
trademarks of ACM Research, Inc. All rights reserved. Any other
trademarks are the property of their respective owners.
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
Asia
Gary Dvorchak,
CFA
+86 (138)
1079-1480
gary@blueshirtgroup.com
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