ACM Research Expands Customer Base with Orders from Two New Analog/Power IC Manufacturing Customers
August 05 2020 - 4:15PM
ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of
wafer cleaning technologies for advanced semiconductor devices,
today announced the receipt of purchase orders and final stage
bidding activities for a total of $36 million from two new
China-based customers that manufacture analog and power IC devices.
ACM will supply a range of semi-critical tools including the
Ultra C s (Scrubber), the Ultra C s (Wet Etch), and the Ultra C b
(Backside Cleaning) tools for ultra-thin wafers, Ultra wb (Auto Wet
Bench), Ultra C SAPS-II and Ultra ECP map (Cu plating) tool. ACM
expects to deliver the majority of these tools in the second half
of 2020, with revenue recognition subject to qualification and
acceptance, which are expected in 2021.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “We are excited about our continued momentum and
customer base expansion, with significant demand from two important
new customers. We are committed to providing a range of proven
cleaning solutions in a few dozen cleaning steps to enable
increased production yields and manufacturing efficiency. These new
orders are a testament to ACM’s technology leadership, and
demonstrate growing confidence in our ability to deliver the mass
production solutions demanded by the semiconductor industry.”
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.
© ACM Research, Inc. ULTRA C and the ACM Research logo are
trademarks of ACM Research, Inc. For convenience, these trademarks
appear in this press release without a ™ symbol, but that practice
does not mean that ACM will not assert, to the fullest extent under
applicable law, its rights to such trademarks.
Forward-Looking StatementsStatements contained
in the second sentence of the second paragraph of this press
release are not historical facts and may be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding the intent, belief and current expectations with respect
to the timing of ACM’s shipment of tools, ACM’s ability to obtain
the qualification and acceptance of those tools required for ACM to
recognize revenue from the sale of those tools, and the timing of
any such revenue recognition. Such statements, which are
expectations only, reflect management's current views, are based on
certain assumptions, and involve risks and uncertainties. Actual
results, events, or performance may differ materially from the
above forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors,
including, but not limited to, ACM’s ability to manufacture and
ship tools consistent with contractual conditions, the timing of
recognizing revenue due to the timing of shipment and acceptance of
the tools, and economic concerns, including the unpredictability of
current markets resulting from the ongoing COVID-19
pandemic. ACM undertakes no obligation to publicly update
these forward-looking statements to reflect events or circumstances
that occur after the date hereof or to reflect any change in its
expectations with regard to these forward-looking statements or the
occurrence of unanticipated events.
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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