ACM Research, Inc. Announces Preliminary 2020 Revenue and Initial Outlook for 2021 Revenue
January 06, 2021 at 02:45 am IST
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ACM Research, Inc. announced that its preliminary unaudited revenue for the full year 2020 is expected to be in the range of $153 million to $155 million. This would represent annual growth of 42% to 44%, and would be at the upper end of the outlook range provided in ACM’s third quarter 2020 earnings release issued on November 5, 2020. ACM also announced that it expects revenue for the full year 2021 to be in the range of $205 million to $230 million, which would represent annual growth of between 32% and 50%. This expectation assumes, among other factors, improvement with respect to the global COVID-19 pandemic and stability in US-China trade policy. The range of ACM’s 2021 outlook reflects, among other things, various spending scenarios for the production ramps of key customers, variance in the trajectory of the DRAM recovery, and the timing of acceptances for first tools under evaluation in the field.
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company offers two principal models of wet wafer cleaning equipment based on its Space Alternated Phase Shift (SAPS) technology, Ultra C SAPS II and Ultra C SAPS V. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of 2D and 3D wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. The Company also develops, manufactures and sells a range of advanced packaging tools to wafer assembly and packaging customers.
ACM RESEARCH, INC. 
