ACM Research Announces Grand Opening of New Factory in Shanghai
September 28 2018 - 8:00AM
ACM Research, Inc. (“ACM Research” or the “Company”) (NASDAQ:ACMR),
a provider of single-wafer wet cleaning equipment used by
manufacturers of advanced semiconductors, today announced the grand
opening of its new factory in Shanghai, China. The Company
held an opening ceremony on September 28 to mark the completion of
its new production facility. The new facility is located in
the Pudong region of Shanghai, which is approximately 20 kilometers
from the Company's Shanghai headquarters. Local government
officials and politicians attended the opening ceremony together
with customers, suppliers and the ACM management team.
ACM Research’s President and Chief Executive Officer Dr. David
Wang commented, “We are excited to celebrate this milestone with
our community. Our partnership with the Shanghai Pudong
region has been a significant driving force behind our capacity
expansion project. Our employees and partners have worked
hard to start up this facility, and we are very excited to expand
our manufacturing presence in the Shanghai area, which will greatly
maximize our operational efficiency at our current scale. We
continue to believe that our proximity to large customers in China
as well as the rest of Asia gives us a competitive advantage in
anticipating the latest technical and manufacturing requirements at
some of the most advanced fabs in the world.”
The new factory has a total of 50,000 square feet of available
floor space. This represents capacity to support an
incremental $250 million of annual production when
fully-loaded. In addition to the Company’s original factory
in the Zhangjiang High Tech Park, ACM Research now has a combined
total of 86,000 square feet of floor space, which could support
more than $350 million of annual production
capacity.
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 and the ACM Research logo are
trademarks of ACM Research, Inc. All rights reserved. Any other
trademarks are the property of their respective owners.
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investor and media inquiries, please contact: |
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In the
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The
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Ralph
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In
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The
Blueshirt Group Asia |
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Gary
Dvorchak, CFA |
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+86 (138)
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gary@blueshirtgroup.com |
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