ACM Research Announces Receipt of Significant SAPS Orders
January 23 2018 - 8:30AM
ACM Research, Inc. (NASDAQ:ACMR), a provider of single-wafer wet
cleaning equipment used by manufacturers of advanced
semiconductors, announced today that it has recently received
significant orders for wafer-cleaning tools based on ACM’s
proprietary Space Alternated Phase Shift (SAPS) technology.
The orders, which have been received over the past eight weeks,
represent binding purchase commitments totaling $38.1 million from
five existing customers, with three existing customers agreeing to
purchase multiple tools. Each purchase order contains agreed
technical specifications. We intend to ship all of the ordered
tools by the third quarter of 2018, and we estimate the tools will
be accepted, and their sales prices recognized as revenue, in 2018.
The customers are located in China and Korea, and they manufacture
3D NAND and DRAM memory chips as well as logic chips and advanced
packaging.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “These recent orders reinforce our belief in the market
momentum for our efficient and effective wafer cleaning technology.
Our advanced cleaning equipment is winning follow-on orders as
existing customers construct fabs, which we believe will position
us to gain market share as the already sizable market opportunity
continues to grow over the next few years.”
About ACM Research, Inc.
ACM 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 second paragraph of this press
release with respect to the estimated shipment and acceptance dates
for ACM’s tools and in the third paragraph with respect to ACM’s
ability to gain market share contain 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:
anticipated customer orders or identified market opportunities may
not grow or develop as anticipated; 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 the company's
products and in disruption of capital and credit markets; ACM’s
failure to successfully manage its operations; and trade
regulations, currency fluctuations, political instability and war
may materially adversely affect ACM due to its substantial non-U.S.
customer and supplier base and its substantial non-U.S.
manufacturing 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. 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.
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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