ACM Research Awarded Major Orders Totaling $8.7 million
March 23 2018 - 8:30AM
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
receipt of multiple orders for wafer-cleaning tools based on ACM’s
proprietary Space Alternated Phase Shift (SAPS) technology.
The orders represent approximately $8.7 million in total revenue
from three existing customers. The Company intends to ship
all of the ordered tools by the third quarter of 2018, and
anticipates acceptance and revenue recognition in 2018. The
customers are located in China and Korea, and they manufacture 3D
NAND and DRAM memory chips as well as advanced packaging.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “We are excited that our proprietary SAPS-based tools
continue to gain traction in the marketplace for efficient and
effective wafer cleaning solutions. These follow-on orders
demonstrate our ability to meet the ongoing needs of our customer
base and are a testament to our cleaning tool’s capability to
improve our customers’ product yields and performance.”
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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