ACM Research Starts Construction of New Facility in Shanghai’s Lingang Special Area
July 09 2020 - 4:10PM
ACM Research, Inc. (“ACM”) (NASDAQ:ACMR), a leading supplier of
wafer cleaning technologies for advanced semiconductor devices,
announced that its operating subsidiary ACM Research (Shanghai),
Inc. (“ACM Shanghai”) has begun construction of its new development
and production facility in the Lingang Special Area of China
(Shanghai) Pilot Free Trade Zone.
ACM Shanghai held a groundbreaking ceremony on July 7, 2020, to
mark the commencement of construction. The facility site is
located in the Lingang region of Shanghai, which is approximately
30 miles from ACM Shanghai’s headquarters in Zhangjiang.
Local government officials attended the ceremony, together with
customers, suppliers, and ACM Shanghai’s board members and
employees.
ACM President and Chief Executive Officer Dr. David Wang
commented, “We are very excited to celebrate this milestone with
our community, as this expansion will represent another significant
achievement in our mission to become a major supplier of capital
equipment to the global semiconductor industry. The Lingang
facility reflects our long-term commitment to the fast-growing
China market, and is intended to support potential growth of our
operations in Korea, the Taiwan region and the United States and to
further scale production for our expanding product line of
semiconductor capital equipment.”
The new 100,000 square meter factory and development facilities
will incorporate state-of-the-art modern manufacturing systems and
significant automation technologies. It will provide the
floorspace to support significantly more production capacity and
related R&D activities when fully-staffed and
supplied.
Forward-Looking Statements
Information presented in this press release with respect to ACM
Shanghai’s construction of a development and production facility in
the Lingang Special Area, as well as ACM’s intention to grow its
operations and production upon completion of that facility,
constitute forward-looking statements for purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Actual results may differ significantly from ACM’s
expectations based on a number of risks and uncertainties,
including but not limited to the potential inability of ACM
Shanghai to (a) timely construct and begin operating the facility
as required by the agreement with the China (Shanghai) Pilot Free
Trade Zone Lingang Special Area Administration under which ACM
Shanghai acquired land use rights for construction, (b) conduct
manufacturing operations at the facility at a capacity that will
satisfy sales requirements under such agreement, and (c) reduce
production costs to the extent contemplated by ACM. ACM Shanghai’s
ability to satisfactorily construct and operate the facility is
subject to its funding of the project, its compliance with
applicable legal requirements and, more generally, global economic
conditions, including the continuing impact of the COVID-19
pandemic. ACM expressly disclaims any obligation to update
forward-looking statements after the date of this press release,
except as required by law.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process
equipment for single-wafer or batch wet cleaning, electroplating,
stress-free polishing and thermal processes that are critical to
advanced semiconductor device manufacturing, as well as wafer-level
packaging. The company is committed to delivering customized, high
performance, cost-effective process solutions that semiconductor
manufacturers can use in numerous manufacturing steps to improve
productivity and product yield.
The ACM logo is a trademark of ACM Research, Inc. All rights
reserved.
For investor and media inquiries, please
contact:
In the United States: |
The Blueshirt Group |
|
Ralph
Fong |
|
+1 (415)
489-2195 |
|
ralph@blueshirtgroup.com |
|
|
In
China: |
The
Blueshirt Group Asia |
|
Gary
Dvorchak, CFA |
|
+86 (138)
1079-1480 |
|
gary@blueshirtgroup.com |
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